NE Noble Corp plc

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: $20M, Q3 2025: $250M, Q2 2025: $0M, Q1 2025: $0M

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

Latest quarter $20M vs trailing avg $83M (-76%)

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

Buyback $270M / FCF $94M = 288% of FCF

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

Repurchased 7,600,000 shares = 4.8% of 158,853,799 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 $20M 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 22237493.4x more than bought. 2 C-suite officers among sellers

• Barker Richard B. (EVP and CFO) sold 102,839 shares on 2026-03-18
• Barker Richard B. (EVP and CFO) sold 47,161 shares on 2026-03-18
• Eifler Robert W. (President & CEO) sold 72,753 shares on 2026-03-18
• Eifler Robert W. (President & CEO) sold 27,247 shares on 2026-03-18
• Barker Richard B. (EVP and CFO) sold 20,000 shares on 2026-02-19