GSHD Goosehead Insurance, Inc.

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

Bought back stock in only 1/4 quarters. Q2 2026: $1M, Q1 2026: $0M, Q3 2025: $0M, Q3 2024: $0M

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

New buyback activity: $1M after no prior spending

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

Buyback $1M / FCF $32M = 2% 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?

20 open-market purchases by 9 insiders

• Durable Capital Partners LP () bought 22,764 shares at $61.88 on 2026-07-31
• Durable Capital Partners LP () bought 13,492 shares at $62.00 on 2026-07-31
• Lane Peter R. () bought 1,600 shares at $63.14 on 2026-07-31
• Durable Capital Partners LP () bought 2,753 shares at $59.51 on 2026-07-27
• Durable Capital Partners LP () bought 33,207 shares at $61.87 on 2026-07-27
• Durable Capital Partners LP () bought 4,117 shares at $62.00 on 2026-07-27
• Durable Capital Partners LP () bought 31,000 shares at $57.75 on 2026-07-24
• Durable Capital Partners LP () bought 21,646 shares at $58.46 on 2026-07-24
• Durable Capital Partners LP () bought 25,000 shares at $58.75 on 2026-07-24
• Durable Capital Partners LP () bought 36,000 shares at $58.50 on 2026-07-24

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.

20 insider purchases but company buybacks inactive

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

Insiders bought $12M, sold $26M 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