SCSC SCANSOURCE, INC.

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

Bought back stock in 4/4 quarters. Q3 2026: $29M, Q2 2026: $24M, Q1 2026: $28M, Q3 2025: $20M

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

Latest quarter $29M vs trailing avg $24M (+20%)

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

Buyback $101M / FCF $67M = 152% of FCF

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 1 insiders

• Mathis Charles Alexander () bought 5,000 shares at $35.32 on 2026-02-11
• Mathis Charles Alexander () bought 1,000 shares at $34.63 on 2026-02-11

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 1 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 $1M 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 44.9x more than bought. 2 C-suite officers among sellers

• BAUR MICHAEL L (CEO, President, BOD Chair) sold 21,104 shares on 2026-03-13
• BAUR MICHAEL L (CEO, President, BOD Chair) sold 69 shares on 2026-03-13
• BAUR MICHAEL L (CEO, President, BOD Chair) sold 3,827 shares on 2026-03-16
• BAUR MICHAEL L (CEO, President, BOD Chair) sold 982 shares on 2025-12-12
• BAUR MICHAEL L (CEO, President, BOD Chair) sold 9,459 shares on 2025-12-15
• BAUR MICHAEL L (CEO, President, BOD Chair) sold 100 shares on 2025-12-15
• BAUR MICHAEL L (CEO, President, BOD Chair) sold 2,178 shares on 2025-12-16
• BAUR MICHAEL L (CEO, President, BOD Chair) sold 7,281 shares on 2025-12-16
• Jones Stephen (SEVP & CFO) sold 5,020 shares on 2025-12-11
• BAUR MICHAEL L (CEO, President, BOD Chair) sold 102,031 shares on 2025-09-17