HUBG Hub Group, Inc.

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

Bought back stock in 4/4 quarters. Q3 2025: $35M, Q2 2025: $7M, Q1 2025: $26M, Q3 2024: $17M

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

Latest quarter $35M vs trailing avg $17M (+111%)

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

Negative FCF ($-26M), cannot compute buyback ratio

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

Repurchased 2,583,275 shares = 6.9% of 37,315,154 outstanding (annualized)

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

1 open-market purchase by Yablon Gary

• Yablon Gary () bought 4,566 shares at $43.73 on 2025-12-11

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 $0M, sold $1M (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 7.0x more than bought. 1 C-suite officers among sellers

• Yeager Phillip D (President, CEO & Vice Chairman) sold 32,000 shares on 2025-12-11