Possible new WLFC shares
WLFCDilution
Known so far: no new shares from the prospectus covers read · shelf not limited by the baby-shelf rule · not yet read: warrants, options, ATM.
Shelf room
- Room today not capped by the baby-shelf rule ($577M float, Jun 30, 2025)
How this is worked out
Shelf room on the S-3 of May 6, 2025: not limited by the baby-shelf rule, because the $577M public float stated as of Jun 30, 2025 is $75M or more. Sources: S-3 May 6, 2025, effective May 15, 2025 · public float, as of Jun 30, 2025.
What could become new Willis Lease Finance (WLFC) shares: convertible notes, each with the 10-Q, 10-K, S-3 or 424B filing it comes from.
WLFC dilution ladder
Every source of new shares on record, from the filings that created it.
21.2M outstanding
- Outstandingas of Oct 30, 2026 (10-Q filed Nov 3) · share count on the cover page21.2M
- Convertible notesconvert at $29.8710-Q Nov 3, 2026 · equity noteleft out of the share total: no filing states the shares on conversionnot added
Not stated in the filings we read: an ATM program, warrants, options and RSUs.
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
21.2M
Mar 2025 to Oct 2026: from 6.6M to 21.2M.
From the share count on the cover of each 10-Q and 10-K, dated as each cover states.
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