CLOVER HEALTH INVESTMENTS, CORP. /DE (CLOV) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: May 08, 2026

Risk Assessment Details

Potential Dilution: 16.01% of current shares
Recent Dilution: 6.04% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
430M
Potential Supply
69M
Additional shares possible
Splits
None
Past 2 years

Summary

CLOV currently has 431M outstanding shares. with limited dilution risk as only 69M additional shares (16.0%) are authorized for issuance. The company has minimally diluted shareholders by 6.04% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 08, 2026

10-Q filing | 431.0M shares outstanding

430M 69M
Nov 07, 2025

10-Q filing | 424.3M shares outstanding

420M 69M
Aug 08, 2025

10-Q filing | 420.1M shares outstanding

420M 69M
May 09, 2025

10-Q filing | 416.5M shares outstanding

420M 69M
Mar 03, 2025

10-K filing | 418.5M shares outstanding

420M 69M
Nov 08, 2024

10-Q filing | 412.1M shares outstanding

410M 69M
Aug 08, 2024

10-Q filing | 407.8M shares outstanding

410M 69M
May 07, 2024

10-Q filing | 406.8M shares outstanding

410M 69M
Mar 14, 2024

10-K filing | 405.6M shares outstanding

410M 69M
Nov 06, 2023

10-Q filing | 399.8M shares outstanding

400M 69M
Aug 08, 2023

10-Q filing | 397.0M shares outstanding

400M 69M
May 09, 2023

10-Q filing | 394.2M shares outstanding

390M 69M
Mar 01, 2023

10-K filing | 392.8M shares outstanding

390M 69M
Nov 07, 2022

10-Q filing | 383.5M shares outstanding

380M 69M
Aug 08, 2022

10-Q filing | 383.2M shares outstanding

380M 69M
May 09, 2022

10-Q filing | 378.9M shares outstanding

380M 69M
May 09, 2022

S-3 filing: This is an S-3 filing registering an indeterminate amount of debt securities, Class A common stock, preferred stock, and warrants with a maximum aggregate offering price of $300,000,000.

410M 69M
Feb 28, 2022

10-K filing | 412.9M shares outstanding

410M 69M
Feb 03, 2022

POS AM filing: This POS AM filing relates to the resale of Class A common stock by Selling Securityholders; the company will not receive any proceeds from the offering.

280M 69M
Feb 03, 2022

POS AM filing: This POS AM filing details the offering of 220,580,418 shares of Class A common stock by Selling Securityholders. It also mentions the shares of Class A and B common stock outstanding as of December 31, 2021.

350M 69M
Nov 09, 2021

10-Q filing | 278.3M shares outstanding

280M 69M
Aug 11, 2021

10-Q filing | 235.9M shares outstanding

240M 69M
Jun 21, 2021

POS AM filing: This is a POS AM filing. The offering price of the shares of Class A common stock underlying the warrants offered hereby is determined by reference to the exercise price of the warrants of $11.50 per share.

150M 69M
Jun 21, 2021

POS AM filing: This is a POS AM filing related to the sale of Class A common stock and warrants by Selling Securityholders, who may engage in hedging transactions and short sales. The company will not receive any proceeds from the offering.

150M 69M
Jun 09, 2021

POS AM filing: This POS AM filing relates to the potential sale of Class A common stock and warrants by Selling Securityholders, who may utilize various hedging strategies and open market transactions, and the company will not receive any proceeds from these sales.

150M 69M
Jun 09, 2021

POS AM filing: This is a POS AM filing providing information on the offering price of Class A common stock underlying warrants, which are listed on the Nasdaq Global Select Market under the symbol CLOVW. On June 7, 2021, the closing sale price of the company's Class A common stock was $11.92 per share and the closing price of the public warrants was $4.17 per warrant.

150M 69M
May 17, 2021

10-Q filing | 148.3M shares outstanding

150M 69M
Mar 31, 2021

10-K filing | 4.0M shares outstanding

4M 69M
Jan 13, 2021

S-1 filing: This is an S-1 filing related to Class A common stock and warrants.

83M 69M
Nov 16, 2020

10-Q filing | 82.8M shares outstanding

83M 69M
Oct 06, 2020

8-K filing: Social Capital Hedosophia Holdings Corp. III (SCH) entered into a Merger Agreement with Clover Health Investments, Corp. and also entered into subscription agreements with PIPE Investors for 40,000,000 shares of SCH Class A Common Stock at an aggregate purchase price of $400,000,000, consummated substantially concurrently with the Closing. ($400.0M proceeds)

83M 69M
Aug 13, 2020

10-Q filing | 82.8M shares outstanding

83M 69M
Jun 04, 2020

10-Q filing | 82.8M shares outstanding

83M 69M
Apr 30, 2020

8-K filing: Social Capital Hedosophia Holdings Corp. III consummated its initial public offering of 82,800,000 units at $10.00 per Unit, generating gross proceeds of $828,000,000, and completed the private sale of 10,933,333 warrants to its sponsor at $1.50 per warrant, generating gross proceeds of $16,400,000. ($844.4M proceeds)

17M 69M
Apr 24, 2020

8-K filing: Social Capital Hedosophia Holdings Corp. III consummated its initial public offering of 82,800,000 units at $10.00 per unit, generating gross proceeds of $828,000,000 and completed the private sale of 10,933,333 warrants to the Company's sponsor at $1.50 per warrant, generating gross proceeds of $16,400,000. ($844.4M proceeds)

17M 69M
Apr 20, 2020

S-1/A filing: This is an S-1/A filing for Social Capital Hedosophia Holdings Corp. III registering units, each consisting of one Class A ordinary share and one-third of one redeemable warrant, with a proposed maximum aggregate offering price of $690,000,000.

17M 69M
Mar 18, 2020

S-1/A filing: This is an S-1/A filing for an offering of 60,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-third of one redeemable warrant.

17M 89M
Mar 11, 2020

S-1/A filing: This S-1/A filing outlines an offering of 60,000,000 units at $10.00 per unit, each consisting of one Class A ordinary share and one-quarter of one redeemable warrant, along with a simultaneous private placement of 7,000,000 private placement warrants at $2.00 per warrant.

17M 67M
Feb 28, 2020

S-1 filing: The company is offering 60,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-quarter of one redeemable warrant.

17M 67M
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