BGC BGC Group, Inc.

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

Bought back stock in 4/4 quarters. Q3 2025: $64M, Q2 2025: $79M, Q1 2025: $69M, Q3 2024: $40M

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

Latest quarter $64M vs trailing avg $63M (+2%)

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

Negative FCF ($-81M), buybacks not supported by cash flow

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

Missing shares repurchased or outstanding data

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

6 open-market purchases by 3 insiders

• CF GROUP MANAGEMENT INC () bought 8,973,721 shares at $9.21 on 2025-10-06
• CANTOR FITZGERALD, L. P. () bought 8,973,721 shares at $9.21 on 2025-10-06
• Lutnick Brandon () bought 96,313,001 shares at $0.00 on 2025-10-06
• Lutnick Brandon () bought 3,946,149 shares at $0.00 on 2025-10-06
• Lutnick Brandon () bought 8,973,721 shares at $9.21 on 2025-10-06
• Lutnick Brandon () bought 600,938 shares at $0.00 on 2025-10-06

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 4 quarters and 6 insider purchases by 3 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 $0M 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.

No buyback-insider divergence detected