PRDO PERDOCEO EDUCATION Corp

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: $25M, Q3 2025: $0M, Q2 2025: $0M, Q1 2025: $7M

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

Latest quarter $25M vs trailing avg $2M (+1017%)

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

Buyback $32M / FCF $135M = 24% of FCF

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

Repurchased 2,200,000 shares = 3.5% of 62,478,373 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 $9M 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 25414254.7x more than bought. 2 C-suite officers among sellers

• NELSON TODD S (President and CEO) sold 40,000 shares on 2026-03-23
• NELSON TODD S (President and CEO) sold 40,000 shares on 2026-03-24
• NELSON TODD S (President and CEO) sold 4,387 shares on 2026-03-25
• Ghia Ashish R (CFO) sold 11,089 shares on 2026-03-25
• Ghia Ashish R (CFO) sold 11,090 shares on 2026-03-18
• Ghia Ashish R (CFO) sold 22,181 shares on 2026-03-18
• NELSON TODD S (President and CEO) sold 40,000 shares on 2026-03-16
• NELSON TODD S (President and CEO) sold 11,346 shares on 2026-03-17
• NELSON TODD S (President and CEO) sold 40,000 shares on 2025-12-15
• NELSON TODD S (President and CEO) sold 40,000 shares on 2025-12-16