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

  1. Outstandingas of Oct 30, 2026 (10-Q filed Nov 3) · share count on the cover page
    21.2M
  2. Convertible notesconvert at $29.8710-Q Nov 3, 2026 · equity noteleft out of the share total: no filing states the shares on conversion
    not 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.