STRA Strategic Education, Inc.

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: $32M, Q3 2025: $5M, Q2 2025: $0M, Q1 2025: $0M

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

Latest quarter $32M vs trailing avg $2M (+1822%)

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

Negative FCF ($-4M), 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?

3 open-market purchases by 3 insiders

• Thawley Michael () bought 665 shares at $72.71 on 2026-04-24
• SILBERMAN ROBERT S (CHAIRMAN) bought 718 shares at $80.82 on 2026-03-13
• JACKSON DANIEL WAYNE (CHIEF FINANCIAL OFFICER) bought 1,900 shares at $81.50 on 2025-08-29

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 2 quarters and 3 insider purchases by 3 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 $5M 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 19.4x more than bought. 2 C-suite officers among sellers

• JACKSON DANIEL WAYNE (CHIEF FINANCIAL OFFICER) sold 5,675 shares on 2026-03-02
• JACKSON DANIEL WAYNE (CHIEF FINANCIAL OFFICER) sold 5,273 shares on 2026-03-02
• JACKSON DANIEL WAYNE (CHIEF FINANCIAL OFFICER) sold 2,052 shares on 2026-03-02
• MCDONNELL RAYMOND KARL (CHIEF EXECUTIVE OFFICER) sold 18,052 shares on 2026-02-24
• MCDONNELL RAYMOND KARL (CHIEF EXECUTIVE OFFICER) sold 20,788 shares on 2026-02-24