KGS Kodiak Gas Services, Inc.

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

Bought back stock in 2/4 quarters. Q1 2026: $10M, Q3 2025: $25M, Q2 2025: $0M, Q1 2025: $0M

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

Latest quarter $10M vs trailing avg $8M (+19%)

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

Negative FCF ($-342M), buybacks not supported by cash flow

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

Repurchased 547,662 shares = 1.3% of 85,800,000 outstanding (annualized)

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

3 open-market purchases by 3 insiders

• Darden Alexander Newsom () bought 5,000 shares at $54.75 on 2026-03-13
• HOGAN RANDALL J () bought 6,000 shares at $54.81 on 2026-03-13
• McKee Robert Michael (President & CEO) bought 433 shares at $50.23 on 2026-02-20

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 and 3 insider purchases by 3 insiders (no calendar overlap, but both independently active)

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

Insiders bought $0M, sold $1M 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 1625.1x more than bought. 3 C-suite officers among sellers

• Buhigas Pedro R. (Chief Information Officer) sold 4,625 shares on 2026-06-17
• Hamilton Ewan William (EVP & Chief Accounting Officer) sold 2,729 shares on 2026-06-16
• Lenamon William Chad (Executive Vice President & COO) sold 1,000 shares on 2026-06-11
• Buhigas Pedro R. (Chief Information Officer) sold 13,942 shares on 2026-03-19
• Hamilton Ewan William (EVP & Chief Accounting Officer) sold 5,797 shares on 2026-03-17
• Hamilton Ewan William (EVP & Chief Accounting Officer) sold 2,091 shares on 2026-03-16
• Hamilton Ewan William (EVP & Chief Accounting Officer) sold 4,830 shares on 2026-03-13