PLAY Dave & Buster's Entertainment, Inc.

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

Bought back stock in 3/4 quarters. Q2 2026: $0M, Q1 2026: $24M, Q3 2025: $28M, Q2 2025: $50M

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

Latest quarter $0M vs trailing avg $34M (-100%)

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

Negative FCF ($-510M), buybacks not supported by cash flow

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

Repurchased 30,642,434 shares = 88.2% of 34,750,000 outstanding (annualized)

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

5 open-market purchases by 4 insiders

• Hatton Cory (Interim CFO) bought 4,000 shares at $6.50 on 2026-09-28
• Lipman Nathaniel () bought 12,000 shares at $6.78 on 2026-09-17
• Rodriguez Rodolfo Jr (SVP, Chief Legal Officer) bought 730 shares at $20.10 on 2026-01-16
• Lal Tarun (Chief Executive Officer) bought 1,000 shares at $18.39 on 2025-10-21
• Lal Tarun (Chief Executive Officer) bought 2,500 shares at $20.52 on 2025-09-18

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 3 quarters and 5 insider purchases by 4 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 $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