MediaAlpha repurchases 3.2M shares from Insignia for $32.9M at $10.17/share

MediaAlpha, Inc.

Repurchased 3,234,894 Class A shares at $10.17/share (total ~$32.9M), a 5.5% discount to Sep 2 close.
Shares will be canceled; Insignia no longer owns any common stock.
Director Anthony Broglio (Insignia designee) resigned from Board upon closing; not due to disagreement.
Transaction approved by Special Committee of independent directors; funded with cash on hand.
CFO says buyback is accretive and reflects confidence in strategy; company has strong cash flow.

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