BFH BREAD FINANCIAL HOLDINGS, INC.

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 2/4 quarters. Q1 2026: $103M, Q3 2025: $0M, Q2 2025: $0M, Q1 2025: $11M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $103M vs trailing avg $4M (+2709%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Buyback $114M / FCF $306M = 37% of FCF

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 11,100,000 shares = 25.2% of 44,100,000 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

2 open-market purchases by 1 insiders

• Fawcett John J. () bought 927 shares at $61.79 on 2025-07-30
• Fawcett John J. () bought 100 shares at $61.80 on 2025-07-30

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Company buybacks in 2 quarters and 2 insider purchases by 1 insiders (no calendar overlap, but both independently active)

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $1M in the last 90 days (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 13.8x more than bought