Possible new VICI Properties shares

VICIDilution

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 ($34.4B float, Jun 30, 2025)
How this is worked out

Shelf room on the S-3ASR of Apr 30, 2025: not limited by the baby-shelf rule, because the $34.4B public float stated as of Jun 30, 2025 is $75M or more. Sources: S-3ASR Apr 30, 2025, effective Apr 30, 2025 · public float, as of Jun 30, 2025.

What could become new VICI Properties (VICI) shares: options and RSUs, each with the 10-Q, 10-K, S-3 or 424B filing it comes from.

VICI Properties dilution ladder

Every source of new shares on record, from the filings that created it.

1.1B outstanding; up to 1.1B fully diluted, +0%

  1. Outstandingas of Oct 27, 2026 (10-Q filed Oct 28) · share count on the cover page
    1.1B
  2. Options and RSUs876K RSUs10-Q Oct 30, 2025 · equity note
    +876K

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 Oct 30, 2025.

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

1.1B

Feb 2025 to Oct 2026: from 1.1B to 1.1B.

From the share count on the cover of each 10-Q and 10-K, dated as each cover states.