GO Grocery Outlet Holding Corp.

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

Bought back stock in 3/4 quarters. Q3 2025: $25M, Q2 2025: $25M, Q1 2025: $6M, Q3 2024: $0M

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

Latest quarter $25M vs trailing avg $10M (+140%)

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

Negative FCF ($-153M), buybacks not supported by cash flow

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

Repurchased 4,099,146 shares = 4.2% of 97,262,557 outstanding (annualized)

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

16 open-market purchases by 6 insiders

• Ragatz Erik D. () bought 125,000 shares at $7.06 on 2026-03-27
• Potter Jason J. N. (President and CEO) bought 2,556 shares at $6.68 on 2026-03-24
• Potter Jason J. N. (President and CEO) bought 110,252 shares at $6.35 on 2026-03-23
• Potter Jason J. N. (President and CEO) bought 286,097 shares at $5.90 on 2026-03-19
• Ragatz Erik D. () bought 50,000 shares at $5.75 on 2026-03-19
• Ragatz Erik D. () bought 33,997 shares at $5.85 on 2026-03-18
• Ragatz Erik D. () bought 16,003 shares at $5.85 on 2026-03-17
• Ragatz Erik D. () bought 100,000 shares at $6.09 on 2026-03-16
• Ragatz Erik D. () bought 125,000 shares at $6.00 on 2026-03-11
• Jaros Carey F. () bought 40,000 shares at $6.26 on 2026-03-10

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 3 quarters and 16 insider purchases by 6 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 $8M, sold $1M in the last 90 days (net buying)

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

No buyback-insider divergence detected