PRLB Proto Labs 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: $21M, Q3 2025: $19M, Q2 2025: $11M, Q1 2025: $16M

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

Latest quarter $21M vs trailing avg $15M (+36%)

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

Negative FCF ($-12M), buybacks not supported by cash flow

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

Missing shares repurchased or outstanding data

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

2 open-market purchases by 2 insiders

• Gawlick Rainer () bought 1,715 shares at $43.79 on 2025-08-05
• Krishna Suresh (President and CEO) bought 1,725 shares at $43.51 on 2025-08-04

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 2 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 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 4.3x more than bought. 1 C-suite officers among sellers

• Kenison Michael R. (Chief Operations Officer) sold 200 shares on 2026-05-07
• Kenison Michael R. (Chief Operations Officer) sold 5,000 shares on 2026-02-17
• Kenison Michael R. (Chief Operations Officer) sold 2,500 shares on 2026-02-06
• Kenison Michael R. (Chief Operations Officer) sold 3,048 shares on 2025-11-25