RXO RXO, Inc.

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

Bought back stock in only 0/2 quarters. Q3 2024: $0M, Q3 2023: $0M

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

No buyback activity

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

Negative FCF ($-17M), 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?

8 open-market purchases by 5 insiders

• MFN Partners, LP () bought 532,276 shares at $12.00 on 2026-02-12
• Cooper Troy A. () bought 8,317 shares at $10.61 on 2025-11-20
• Kingshott Adrian () bought 9,350 shares at $10.75 on 2025-11-17
• Wilkerson Andrew M. (Chief Executive Officer) bought 7,775 shares at $12.88 on 2025-11-10
• Wilkerson Andrew M. (Chief Executive Officer) bought 3,850 shares at $12.80 on 2025-11-10
• Szlosek Thomas A () bought 20,308 shares at $12.37 on 2025-11-07
• Szlosek Thomas A () bought 7,500 shares at $16.65 on 2025-05-14
• Szlosek Thomas A () bought 8,700 shares at $14.41 on 2025-05-09

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.

8 insider purchases but company buybacks inactive

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $7M, 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