Share count -4.5% in a year
Dilution: new shares, stock pay and buybacks
Shares offered
Since Nov 12, 2023: 1 sale of new shares, 7 shelf registrations; also 1 resale by holders.
- Oct 1, 2026 Shelf registration: shares and other securities, amount not fixed S-3
- Sep 15, 2025 Sale of 15.2M new shares 424B4
- Sep 10, 2025 Shelf registration: shares and other securities, amount not fixed S-1/A
- Sep 9, 2025 Shelf registration: shares and other securities, amount not fixed S-1/A
- Sep 9, 2025 Shelf registration: shares and other securities, amount not fixed S-1/A
- Sep 2, 2025 Shelf registration: shares and other securities, amount not fixed S-1/A
Every offering filing →“Class A Common Stock Preferred Stock Depositary Shares Debt Securities Warrants Subscription Rights Purchase Contracts Purchase Units and Up to 7,142,857 shares of Class A Common Stock offered by the Selling Securityholder We may offer, issue and sell from time to time, in one or more offerings, the securities described in this prospectus having an aggregate initial offering price of up to $100,000,000, in amounts, …”
S-3, Oct 1, 2026 ↗
Bought back
-
no buyback line in the 10-K XBRL, year to Dec 31, 2025
Diluted shares: 37.55M in the year to Dec 31, 2025 2025 +663.6%2024 +1.9%
Change in the diluted weighted average share count from the fiscal year before, stock splits taken out. Bars use one scale for stock pay and buybacks. Prospectuses are read from their cover page; preliminary ones are left out. Cash & buybacks, year by year → · How
Where the cash came from and where it went
No cash flow chart for banks and insurers: their operating cash flow moves with loans, deposits and trading, so it says little about how cash was spent.
Buybacks, dividends and share count
| Fiscal year to | Buybacks | Dividends | Stock pay | Shares issued for cash | Diluted shares |
|---|---|---|---|---|---|
| 2025-12-31 | - | - | $85.0M | - | 37.55M |
| 2024-12-31 | - | - | $5.6M | - | 4.92M |
| 2023-12-31 | - | - | $15.8M | - | 4.83M |
From the XBRL of the 10-Ks (cash flow statement and diluted weighted average shares); each year as reported in the latest 10-K that includes it. Concepts: sbc = ShareBasedCompensation; diluted_shares = WeightedAverageNumberOfDilutedSharesOutstanding.