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.
Thumzup
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.
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.
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.
Thumzup logo (PRNewsfoto/Thumzup Media Corporation)
