GOGO Gogo Inc.

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: $8M, Q2 2025: $13M, Q1 2025: $10M, Q3 2024: $0M

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

Latest quarter $8M vs trailing avg $8M (-1%)

What percentage of free cash flow is going to buybacks? Bull: 30-80%. Bear: <10% or >80%.

Buyback $31M / FCF $14M = 224% 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?

8 open-market purchases by 2 insiders

• TOWNSEND CHARLES C () bought 158,591 shares at $4.57 on 2026-03-12
• TOWNSEND CHARLES C () bought 91,409 shares at $4.54 on 2026-03-11
• THORNE OAKLEIGH (Executive Chair) bought 20,000 shares at $5.24 on 2025-12-12
• THORNE OAKLEIGH (Executive Chair) bought 150,000 shares at $5.35 on 2025-12-12
• TOWNSEND CHARLES C () bought 31,228 shares at $7.17 on 2025-11-19
• TOWNSEND CHARLES C () bought 58,763 shares at $6.87 on 2025-11-18
• TOWNSEND CHARLES C () bought 78,695 shares at $7.07 on 2025-11-17
• TOWNSEND CHARLES C () bought 31,314 shares at $7.10 on 2025-11-14

Are insider purchases happening during the same quarters the company is actively buying back stock?

Insider buying coincided with company buybacks in 0 of 4 quarters

Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $3M, sold $0M (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