ICHR ICHOR HOLDINGS, LTD.

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: $0M, Q2 2020: $0M, Q1 2020: $2M, Q3 2018: $30M

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

Latest quarter $0M vs trailing avg $11M (-100%)

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

Buyback $32M / FCF $12M = 262% of FCF

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

Repurchased 1,453,355 shares = 8.6% of 33,859,542 outstanding (annualized)

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

5 open-market purchases by 2 insiders

• MacKenzie Iain () bought 10,000 shares at $14.53 on 2025-11-17
• MacKenzie Iain () bought 10,000 shares at $15.28 on 2025-11-06
• Haugen Marc () bought 3,000 shares at $17.64 on 2025-08-08
• Haugen Marc () bought 3,000 shares at $17.75 on 2025-08-07
• MacKenzie Iain () bought 25,000 shares at $16.63 on 2025-08-07

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 $1M, sold $6M (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 6.9x more than bought. 3 C-suite officers among sellers

• BARROS PHILIP RYAN SR. (Chief Executive Officer) sold 21,000 shares on 2026-02-26
• RAGSDALE BRUCE (Chief Operating Officer) sold 21,276 shares on 2026-02-23
• Swyt Greg (Chief Financial Officer) sold 3,000 shares on 2026-02-24