HCC WARRIOR MET COAL, INC.

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

Bought back stock in 2/4 quarters. Q3 2020: $11M, Q2 2020: $0M, Q1 2020: $2M, Q3 2019: $0M

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

Latest quarter $11M vs trailing avg $1M (+1511%)

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

Negative FCF ($-315M), 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?

1 open-market purchase by Richardson Jack K.

• Richardson Jack K. (CHIEF OPERATING OFFICER) bought 1,815 shares at $46.43 on 2025-05-22

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 2 quarters but insufficient insider buying

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

Insiders bought $0M, sold $13M 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 149.8x more than bought. 2 C-suite officers among sellers

• SCHELLER WALTER J (CHIEF EXECUTIVE OFFICER) sold 100,000 shares on 2026-01-12
• Chopin Brian M (CHIEF ACCOUNTING OFFICER) sold 585 shares on 2025-11-12
• Chopin Brian M (CHIEF ACCOUNTING OFFICER) sold 1,498 shares on 2025-11-13
• SCHELLER WALTER J (CHIEF EXECUTIVE OFFICER) sold 18,966 shares on 2025-11-06