VTOL Bristow Group 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: $2M, Q3 2025: $0M, Q2 2025: $3M, Q1 2025: $1M

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

Latest quarter $2M vs trailing avg $1M (+85%)

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

Negative FCF ($-41M), buybacks not supported by cash flow

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

Repurchased 2,740,606 shares = 9.4% of 29,177,000 outstanding (annualized)

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

No insider open-market purchases in the last 12 months

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.

Need both buyback and insider purchase data

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

Insiders bought $0M, sold $7M 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 24365343.9x more than bought. 3 C-suite officers among sellers

• Bradshaw Christopher Scott (President and CEO) sold 29,625 shares on 2026-03-24
• Whalen Jennifer Dawn (SVP, CFO) sold 11,367 shares on 2026-03-02
• Whalen Jennifer Dawn (SVP, CFO) sold 300 shares on 2026-03-02
• Whalen Jennifer Dawn (SVP, CFO) sold 14,500 shares on 2026-03-02
• Whalen Jennifer Dawn (SVP, CFO) sold 500 shares on 2026-03-02
• Bradshaw Christopher Scott (President and CEO) sold 68,340 shares on 2026-02-27
• Stavley Stuart (COO, Offshore Energy Services) sold 4,800 shares on 2026-02-27
• Stavley Stuart (COO, Offshore Energy Services) sold 4,700 shares on 2026-02-27
• Stavley Stuart (COO, Offshore Energy Services) sold 500 shares on 2026-02-27
• Stavley Stuart (COO, Offshore Energy Services) sold 5,576 shares on 2026-02-27