KW Kennedy-Wilson Holdings, Inc.

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

Bought back stock in 4/4 quarters. Q1 2026: $7M, Q3 2025: $0M, Q2 2025: $6M, Q1 2025: $9M

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

Latest quarter $7M vs trailing avg $5M (+34%)

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

Buyback $22M / FCF $192M = 11% of FCF

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

Repurchased 1,668,052 shares = 1.2% of 137,908,004 outstanding (annualized)

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

2 open-market purchases by 1 insiders

• MCMORROW WILLIAM J (CHAIRMAN AND CEO) bought 25,000 shares at $6.71 on 2025-05-19
• MCMORROW WILLIAM J (CHAIRMAN AND CEO) bought 200,000 shares at $6.36 on 2025-05-15

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 4 quarters and 2 insider purchases by 1 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 $1M, sold $0M in the last 90 days (net buying)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

No buyback-insider divergence detected