HARLEY-DAVIDSON, INC. (HOG) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Medium Risk

Moderate dilution risk

Last updated: May 06, 2026

Risk Assessment Details

Potential Dilution: 28.73% of current shares

Recent Dilution: 1.05% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

110M

Potential Supply

32M

Additional shares possible

Splits

None

Past 2 years

Summary

HOG currently has 110M outstanding shares. with moderate dilution risk from 31.6M authorized shares representing 28.7% potential dilution. The company has minimally diluted shareholders by 1.05% over the past 2 years.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding	Supply
May 06, 2026	10-Q filing \| 110.0M shares outstanding	110M	32M
Nov 06, 2025	8-K filing: Harley-Davidson Financial Services, Inc. completed the issuance of Class A Common Stock equivalent to 9.8% to KKR Morrow OpCo Aggregator LLC and the PIMCO Entities.	120M	21M
Nov 05, 2025	10-Q filing \| 120.6M shares outstanding	120M	21M
May 06, 2025	10-Q filing \| 123.9M shares outstanding	120M	18M
Feb 26, 2025	10-K filing \| 131.4M shares outstanding	130M	10M
Nov 06, 2024	10-Q filing \| 130.1M shares outstanding	130M	12M
Aug 07, 2024	10-Q filing \| 133.4M shares outstanding	130M	8.2M
May 06, 2024	10-Q filing \| 136.1M shares outstanding	140M	5.5M
Feb 23, 2024	10-K filing \| 142.4M shares outstanding	140M	0
Nov 09, 2023	S-3 filing: This is an S-3 filing for the issuance and sale of common stock, preferred stock, depositary shares, debt securities, warrants, stock purchase contracts, and equity units.	140M	0
Nov 08, 2023	10-Q filing \| 141.6M shares outstanding	140M	0
Aug 09, 2023	10-Q filing \| 143.4M shares outstanding	140M	0
May 10, 2023	10-Q filing \| 146.0M shares outstanding	150M	0
Feb 24, 2023	10-K filing \| 148.0M shares outstanding	150M	0
Nov 03, 2022	10-Q filing \| 146.2M shares outstanding	150M	0
Aug 04, 2022	10-Q filing \| 147.2M shares outstanding	150M	0
May 05, 2022	10-Q filing \| 152.8M shares outstanding	150M	0
Feb 25, 2022	10-K filing \| 153.7M shares outstanding	150M	0
Nov 04, 2021	10-Q filing \| 153.9M shares outstanding	150M	0
Aug 05, 2021	10-Q filing \| 153.7M shares outstanding	150M	0
May 06, 2021	10-Q filing \| 153.5M shares outstanding	150M	0
Feb 23, 2021	10-K filing \| 153.2M shares outstanding	150M	0
Nov 05, 2020	10-Q filing \| 153.3M shares outstanding	150M	0
Aug 06, 2020	10-Q filing \| 153.2M shares outstanding	150M	0
May 07, 2020	10-Q filing \| 153.0M shares outstanding	150M	0
Feb 19, 2020	10-K filing \| 157.1M shares outstanding	160M	0

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