Possible new XHR shares

XHRDilution

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 ($1.2B float, Jun 30, 2025)
How this is worked out

Shelf room on the S-3ASR of Aug 5, 2026: not limited by the baby-shelf rule, because the $1.2B public float stated as of Jun 30, 2025 is $75M or more. Sources: S-3ASR Aug 5, 2026, effective Aug 5, 2026 · public float, as of Jun 30, 2025.

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

XHR dilution ladder

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

92.2M outstanding; up to 96.6M fully diluted, +5%

  1. Outstandingas of Nov 2, 2026 (10-Q filed Nov 3) · share count on the cover page
    92.2M
  2. Options and RSUs4.3M RSUs10-Q Oct 31, 2025 · equity note
    +4.3M

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 31, 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

92.2M

Feb 2025 to Nov 2026: from 101M to 92.2M.

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