Werewolf Therapeutics, Inc. (HOWL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: March 27, 2026

Risk Assessment Details

Potential Dilution: 62.83% of current shares
Recent Dilution: 7.35% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
47M
Potential Supply
29M
Additional shares possible
Splits
None
Past 2 years

Summary

HOWL currently has 46.8M outstanding shares. with significant dilution risk as 29.4M authorized shares could dilute existing holders by 62.8%. The company has minimally diluted shareholders by 7.35% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 27, 2026

10-K filing | 46.8M shares outstanding

47M 29M
Nov 04, 2025

10-Q filing | 45.8M shares outstanding

46M 29M
Aug 14, 2025

10-Q filing | 45.0M shares outstanding

45M 29M
May 08, 2025

S-3 filing: The company may offer and sell securities from time to time in one or more offerings of up to $150,000,000 in aggregate offering price.

45M 29M
May 08, 2025

10-Q filing | 44.8M shares outstanding

45M 29M
Mar 11, 2025

10-K filing | 43.9M shares outstanding

44M 16M
Nov 07, 2024

10-Q filing | 43.7M shares outstanding

44M 16M
Aug 08, 2024

10-Q filing | 43.5M shares outstanding

44M 16M
May 03, 2024

10-Q filing | 41.6M shares outstanding

42M 16M
Mar 07, 2024

10-K filing | 42.7M shares outstanding

43M 16M
Nov 14, 2023

10-Q filing | 35.7M shares outstanding

36M 16M
Aug 10, 2023

10-Q filing | 35.6M shares outstanding

36M 16M
May 11, 2023

10-Q filing | 34.8M shares outstanding

35M 16M
Mar 23, 2023

10-K filing | 35.3M shares outstanding

35M 16M
Nov 10, 2022

10-Q filing | 29.8M shares outstanding

30M 16M
Aug 11, 2022

10-Q filing | 27.5M shares outstanding

28M 16M
May 10, 2022

S-3 filing: The filing is for a shelf offering of debt securities, common stock, preferred stock, depositary shares and subscription rights, with an aggregate offering price of up to $150,000,000. It also covers an at-the-market offering of common stock through SVB Securities LLC.

28M 16M
May 10, 2022

10-Q filing | 27.4M shares outstanding

27M 16M
Mar 24, 2022

10-K filing | 27.7M shares outstanding

28M 6.6M
Nov 10, 2021

10-Q filing | 27.2M shares outstanding

27M 6.6M
Aug 12, 2021

10-Q filing | 27.6M shares outstanding

28M 6.6M
Jun 10, 2021

10-Q filing | 27.6M shares outstanding

28M 6.6M
Apr 26, 2021

S-1/A filing: S-1/A filing for common stock offering.

20M 6.6M
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