Possible new Vitesse Energy shares

VTSDilution

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 ($638M float, Jun 30, 2025)
How this is worked out

Shelf room on the S-3 of Apr 10, 2026: not limited by the baby-shelf rule, because the $638M public float stated as of Jun 30, 2025 is $75M or more. Sources: S-3 Apr 10, 2026, effective Apr 21, 2026 · public float, as of Jun 30, 2025.

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

Vitesse Energy dilution ladder

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

42.1M outstanding; up to 42.9M fully diluted, +2%

  1. Outstandingas of Oct 30, 2026 (10-Q filed Nov 2) · share count on the cover page
    42.1M
  2. Options and RSUs209K options, 585K RSUs10-Q Nov 2, 2026 · securities left out of diluted EPS
    +795K

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.

Shares outstanding

42.1M

Mar 2025 to Oct 2026: from 38.6M to 42.1M.

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