WDFC WD 40 CO

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

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

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

Latest quarter $3M vs trailing avg $3M (-1%)

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

Negative FCF ($-3M), buybacks not supported by cash flow

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

Repurchased 182,425 shares = 1.3% of 13,527,614 outstanding (annualized)

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

7 open-market purchases by 6 insiders

• PENDARVIS DAVID () bought 424 shares at $247.15 on 2026-02-05
• Etchart Eric () bought 500 shares at $194.02 on 2025-10-30
• PENDARVIS DAVID () bought 523 shares at $196.37 on 2025-10-30
• KIAMILEV PHENIX Q. (VP, GC & Chief Compliance Ofcr) bought 55 shares at $200.46 on 2025-10-28
• Brass Steven A (President and CEO) bought 362 shares at $200.46 on 2025-10-28
• HYZER SARA KATHLEEN (VP, Finance & CFO) bought 200 shares at $200.46 on 2025-10-28
• CARTER DANIEL T () bought 1,000 shares at $199.37 on 2025-10-27

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 7 insider purchases by 6 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 $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