Possible new Apple shares
AAPLDilution
Known so far: no new shares from the prospectus covers read · shelf not limited by the baby-shelf rule · not yet read: warrants, converts, ATM.
Shelf room
- Room today not capped by the baby-shelf rule ($3647B float, Mar 27, 2026)
How this is worked out
Shelf room on the S-3ASR of Nov 1, 2024: not limited by the baby-shelf rule, because the $3647B public float stated as of Mar 27, 2026 is $75M or more. Sources: S-3ASR Nov 1, 2024, effective Nov 1, 2024 · public float, as of Mar 27, 2026.
What could become new Apple (AAPL) shares: options and RSUs, each with the 10-Q, 10-K, S-3 or 424B filing it comes from.
Apple dilution ladder
Every source of new shares on record, from the filings that created it.
14.5B outstanding; up to 14.7B fully diluted, +1%
- Outstandingas of Oct 23, 2026 (10-K filed Nov 3) · share count on the cover page14.5B
- +142.4M
Not stated in the filings we read: an ATM program, warrants, convertible notes.
Counts, sizes and prices as stated in each filing; the fully diluted count is arithmetic on them. Dollars become shares only at a price a filing states. Not advice.
Financing terms to know
None found in filings since Nov 3, 2026.
Each term is quoted from the exhibit it comes from; numbers are as stated in the filing. A flag describes a financing term. It is not investment advice.
Shares outstanding
14.5B
Jan 2025 to Oct 2026: from 15.0B to 14.5B.
From the share count on the cover of each 10-Q and 10-K, dated as each cover states.
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