HCI HCI Group, 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 2025: $0M, Q2 2025: $0M, Q1 2025: $1M, Q3 2024: $0M

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

Latest quarter $0M vs trailing avg $0M (-100%)

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

Buyback $1M / FCF $7M = 15% 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?

55 open-market purchases by 14 insiders

• Patel Paresh (Chief Executive Officer) bought 500 shares at $111.00 on 2024-04-11
• Patel Paresh (Chief Executive Officer) bought 1,000 shares at $114.90 on 2024-04-09
• Valiente Lauren L () bought 441 shares at $56.81 on 2023-05-16
• Watts Susan () bought 670 shares at $49.98 on 2023-04-17
• Graham Andrew L. (GC/Corporate Secretary) bought 165 shares at $36.10 on 2022-12-20
• Burks Robert Wayne () bought 2,000 shares at $33.50 on 2022-12-16
• Patel Paresh (Chief Executive Officer) bought 1,000 shares at $51.08 on 2022-08-23
• Watts Susan () bought 420 shares at $58.91 on 2022-08-12
• Politis Peter () bought 1,000 shares at $58.31 on 2022-08-11
• Valiente Lauren L () bought 429 shares at $58.31 on 2022-08-11

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

Insider buying coincided with company buybacks in 1 of 4 quarters

• Q2 2025: Patel Paresh bought while company spent $0M

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

Insiders bought $3M, sold $21M (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 8.2x more than bought. 3 C-suite officers among sellers

• Saravanos Anthony (Division President) sold 3,160 shares on 2024-04-05
• Saravanos Anthony (Division President) sold 20,873 shares on 2024-04-08
• Saravanos Anthony (Division President) sold 12,967 shares on 2024-03-27
• Saravanos Anthony (Division President) sold 13,000 shares on 2024-03-28
• Coleman Karin Sue (Chief Operating Officer) sold 23,000 shares on 2024-03-26
• Harmsworth James Mark (Chief Financial Officer) sold 20,000 shares on 2024-03-26
• Harmsworth James Mark (Chief Financial Officer) sold 9,963 shares on 2023-05-22
• Harmsworth James Mark (Chief Financial Officer) sold 5,037 shares on 2023-05-19
• Harmsworth James Mark (Chief Financial Officer) sold 5,500 shares on 2019-08-09