MTUS Metallus 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: $6M, Q3 2025: $20M, Q2 2025: $10M, Q1 2025: $4M

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

Latest quarter $6M vs trailing avg $11M (-51%)

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

Negative FCF ($-85M), buybacks not supported by cash flow

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

Repurchased 2,285 shares = 0.0% of 50,000,000 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 $2M 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 2455581.2x more than bought. 3 C-suite officers among sellers

• Williams Michael S (Chief Executive Officer) sold 19,017 shares on 2026-02-03
• Williams Michael S (Chief Executive Officer) sold 13,713 shares on 2026-02-04
• WESTBROOKS KRISTOPHER R (President & COO) sold 2,951 shares on 2026-02-03
• WESTBROOKS KRISTOPHER R (President & COO) sold 2,128 shares on 2026-02-04
• WESTBROOKS KRISTOPHER R (President & COO) sold 93 shares on 2026-01-15
• Williams Michael S (Chief Executive Officer) sold 603 shares on 2026-01-15
• WESTBROOKS KRISTOPHER R (President & COO) sold 10,932 shares on 2026-01-14
• Williams Michael S (Chief Executive Officer) sold 14,462 shares on 2026-01-08
• Williams Michael S (Chief Executive Officer) sold 4,835 shares on 2026-01-09
• Williams Michael S (Chief Executive Officer) sold 8,428 shares on 2025-12-17