KFY KORN FERRY

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

Bought back stock in 4/4 quarters. Q3 2026: $18M, Q2 2026: $33M, Q1 2026: $23M, Q3 2025: $21M

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

Latest quarter $18M vs trailing avg $26M (-31%)

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

Negative FCF ($-100M), buybacks not supported by cash flow

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

Repurchased 2,014,767 shares = 5.2% of 51,458,000 outstanding (annualized)

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

No insider open-market purchases in the last 12 months

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.

Need both buyback and insider purchase data

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

Insiders bought $0M, sold $6M 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 16572182.3x more than bought. 2 C-suite officers among sellers

• BURNISON GARY D (CEO) sold 16,864 shares on 2025-10-09
• BURNISON GARY D (CEO) sold 28,352 shares on 2025-10-07
• BURNISON GARY D (CEO) sold 31,784 shares on 2025-10-08
• BURNISON GARY D (CEO) sold 53,173 shares on 2025-07-01
• BURNISON GARY D (CEO) sold 9,140 shares on 2025-07-01
• BURNISON GARY D (CEO) sold 9,629 shares on 2025-07-02
• BURNISON GARY D (CEO) sold 28,058 shares on 2025-07-02
• ROZEK ROBERT P (EVP, CFO & CCO) sold 20,000 shares on 2025-06-24
• ROZEK ROBERT P (EVP, CFO & CCO) sold 20,000 shares on 2025-06-24