BOOT Boot Barn Holdings, Inc.

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

Bought back stock in 3/3 quarters. Q3 2026: $12M, Q2 2026: $13M, Q1 2026: $13M

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

Latest quarter $12M vs trailing avg $13M (-0%)

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

Buyback $38M / FCF $11M = 354% of FCF

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?

No insider open-market purchases in the last 12 months

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.

Need both buyback and insider purchase data

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.

Company buying back stock while insiders sold 4242860.8x more than bought. 2 C-suite officers among sellers

• Grijalva Laurie Marie (CHIEF MERCHANDISING OFFICER) sold 7,487 shares on 2025-08-26
• Love Michael A (CHIEF RETAIL OFFICER) sold 2,614 shares on 2025-05-23
• Love Michael A (CHIEF RETAIL OFFICER) sold 1,540 shares on 2025-05-23
• Grijalva Laurie Marie (CHIEF MERCHANDISING OFFICER) sold 2,438 shares on 2025-05-22