UAA Under Armour, Inc.

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

Bought back stock in 3/4 quarters. Q3 2026: $25M, Q2 2026: $0M, Q1 2026: $40M, Q3 2025: $25M

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

Latest quarter $25M vs trailing avg $22M (+15%)

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

Buyback $90M / FCF $72M = 125% 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?

27 open-market purchases by 5 insiders

• WATSA V PREM ET AL () bought 1,022,333 shares at $6.20 on 2026-01-28
• WATSA V PREM ET AL () bought 89,786 shares at $6.29 on 2026-01-28
• WATSA V PREM ET AL () bought 842,481 shares at $6.20 on 2026-01-27
• WATSA V PREM ET AL () bought 686,505 shares at $6.30 on 2026-01-27
• WATSA V PREM ET AL () bought 730,238 shares at $6.18 on 2026-01-26
• WATSA V PREM ET AL () bought 265,658 shares at $6.30 on 2026-01-26
• WATSA V PREM ET AL () bought 928,397 shares at $6.15 on 2026-01-23
• WATSA V PREM ET AL () bought 411,057 shares at $6.15 on 2026-01-22
• WATSA V PREM ET AL () bought 5,000,000 shares at $5.89 on 2026-01-21
• WATSA V PREM ET AL () bought 1,769,581 shares at $5.62 on 2026-01-20

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 3 quarters and 27 insider purchases by 5 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 $219M, 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