Thumzup Media Corporation Announces Insider Open Market Stock Purchases and Ongoing Share Repurchase Activity

Rhea-AI Summary

Thumzup Media (NASDAQ: TZUP) has reported significant insider buying activity and share repurchase progress. Company insiders have purchased over $120,000 worth of stock since the Nasdaq up-listing, with recent March 2025 purchases of $60,381 at $3.56-$3.72 per share and December 2024 purchases of $62,000 at $3.20-$4.73 per share.

Total insider investments since inception have reached $742,000, with notable contributions from board members and executives. Additionally, the company has executed $216,000 in stock buybacks at $3.58-$3.68 per share under its authorized $1 million repurchase program.

The company recently achieved a milestone of 700+ advertisers on its platform, maintaining a compound annual growth rate exceeding 200%. Thumzup is actively exploring strategic acquisition opportunities focusing on revenue-generating and cash-flow-positive targets.

Positive

• Strong insider confidence demonstrated through $120,000+ in recent stock purchases
• Significant share buyback progress with $216,000 executed out of $1M authorized
• Impressive advertiser growth with 700+ advertisers and 200%+ CAGR
• Substantial insider commitment with $742,000 total investment since inception

Negative

• Share price volatility evident in purchase ranges ($3.20-$4.73)
• Significant portion of insider holdings through private placements rather than open market purchases

Insights

Financial Analyst

Thumzup's announcement reflects strong insider conviction with $120,000+ in open market purchases since Nasdaq up-listing and $742,000+ in total insider investments since inception. Their share repurchase program has already executed $216,000 of the authorized $1 million buyback – approximately 21.6% of the planned total.

These dual capital allocation strategies deliver a compelling market signal: management is putting their personal capital at risk while simultaneously deploying corporate resources to reduce share count. Buybacks at the current $35 million market cap represent meaningful float reduction that could positively impact earnings per share metrics.

The insider purchase price range ($3.56-$3.72) aligns closely with current trading levels, indicating management sees value at present valuations. Their reported 200%+ CAGR in advertiser acquisition (now exceeding 700) demonstrates product-market fit in the social media branding space.

Most promising is the company's stated focus on cash-flow positive acquisition targets, suggesting a disciplined approach to inorganic growth rather than pursuing market share at any cost. This capital stewardship, combined with insider conviction and organic growth metrics, creates a foundation for potential long-term value creation.

• Management and Directors demonstrate long-term confidence with recent insider open market stock purchases since up-listing to Nasdaq of more than $120,000 and have invested more than $742,000 since inception
   
• Company has executed approximately $216,000 worth of stock buybacks so far under its previously announced up to $1 million share repurchase program as authorized by its board of directors

LOS ANGELES, March 21, 2025 /PRNewswire/ -- Thumzup Media Corporation ("Thumzup" or the "Company") (Nasdaq: TZUP), an emerging leader in social media branding and programmatic marketing solutions, today announced recent open-market stock purchases by Company insiders, as well as continued share repurchase activity under its previously authorized $1 million stock buyback program.

During the most recent trading window in March 2025, Company insiders purchased approximately $60,381 worth of Thumzup common stock at prices ranging from $3.56 to $3.72 per share. In December 2024, insiders had previously acquired approximately $62,000 worth of common stock at prices between $3.20 and $4.73 per share.

Cumulatively, since the Company's inception, Thumzup insiders have made the following equity investments:

• Robert Haag, Member of the Board of Directors – $575,000 through a combination of open-market purchases and private placements
• Dr. Joanna Dodd Massey, Member of the Board of Directors – $95,000 in private placements
• Isaac Dietrich, Chief Financial Officer – $35,000 through a combination of open-market purchases and private placements
• Paul Dickman, Member of the Board of Directors – $20,000 in private placements
• Robert Steele, Founder and Chief Executive Officer – $17,000 through a combination of open-market purchases and private placements

These insider transactions reflect a strong vote of confidence in Thumzup's strategic direction, operational execution and long-term growth prospects.

In addition to insider buying activity, Thumzup has repurchased approximately $216,000 of its common stock over the past three trading days under its up to $1 million share buyback program authorized by its board of directors. The repurchases were executed at prices ranging from $3.58 to $3.68 per share and were conducted in accordance with Rule 10b-18 of the Securities Exchange Act of 1934.

"Continued insider buying and the execution of our share repurchase program reflect our belief in Thumzup's business model and long-term value proposition," said Robert Steele, Founder and Chief Executive Officer of Thumzup Media Corporation. "We remain committed to executing our strategic initiatives while allocating capital in a disciplined manner that we believe enhances shareholder value."

The Company may continue to repurchase shares from time to time in the open market or through privately negotiated transactions, subject to market conditions, legal requirements, and other business considerations.

Thumzup recently announced that it had surpassed 700 advertisers on its platform, achieving a compound annual growth rate (CAGR) exceeding 200 percent. The Company remains actively engaged in evaluating strategic acquisition opportunities that are generating meaningful revenue and positive cash flows from operations.

The Thumzup app is available for download on the App Store and Google Play.

About Thumzup®

Thumzup Media Corporation (Thumzup) is democratizing the multi-billion dollar social media branding and marketing industry. Its flagship product, the Thumzup platform, utilizes a robust programmatic advertiser dashboard coupled with a consumer-facing App to enable individuals to get paid cash for posting about participating advertisers on major social media outlets through the Thumzup App. The easy-to-use dashboard allows advertisers to programmatically customize their campaigns. Cash payments are made to App users/creators through PayPal and other digital payment systems.

Thumzup was featured on CBS Los Angeles and in KTLA.

Legal Disclaimer

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements about its potential growth, impacts on the advertising industry, plans for potential uplisting, and planned expansion. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in our filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

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SOURCE Thumzup Media Corporation

FAQ

How much has Thumzup (TZUP) spent on its share buyback program so far?

Thumzup has repurchased approximately $216,000 worth of common stock at prices ranging from $3.58 to $3.68 per share, as part of its authorized $1 million buyback program.

What is the total value of insider purchases in TZUP since Nasdaq up-listing?

Insiders have purchased more than $120,000 worth of stock since up-listing to Nasdaq, with $60,381 in March 2025 and approximately $62,000 in December 2024.

What is Thumzup's (TZUP) current advertiser growth rate?

Thumzup has surpassed 700 advertisers on its platform with a compound annual growth rate (CAGR) exceeding 200 percent.

How much have TZUP insiders invested in total since the company's inception?

Thumzup insiders have invested more than $742,000 since inception through various combinations of open-market purchases and private placements.