Vistra Corp. (VST) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Low Risk

Limited dilution potential

Last updated: November 07, 2025

Risk Assessment Details

Potential Dilution: 8.21% of current shares

Recent Dilution: 0.53% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

340M

Potential Supply

28M

Additional shares possible

Splits

None

Past 2 years

Summary

VST currently has 339M outstanding shares. with limited dilution risk as only 27.8M additional shares (8.2%) are authorized for issuance. The company has minimally diluted shareholders by 0.53% over the past 2 years.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding	Supply
Nov 07, 2025	10-Q filing \| 338.7M shares outstanding	340M	28M
May 08, 2025	10-Q filing \| 339.8M shares outstanding	340M	27M
Feb 28, 2025	10-K filing \| 344.8M shares outstanding	340M	22M
Nov 08, 2024	10-Q filing \| 343.0M shares outstanding	340M	24M
Aug 09, 2024	10-Q filing \| 347.0M shares outstanding	350M	20M
May 10, 2024	10-Q filing \| 349.0M shares outstanding	350M	18M
Feb 29, 2024	10-K filing \| 369.8M shares outstanding	370M	0
Jan 23, 2024	S-3 filing: The selling stockholders may offer all, some or none of their Series C Preferred Shares from time to time.	370M	0
Nov 07, 2023	10-Q filing \| 366.6M shares outstanding	370M	0
Aug 09, 2023	10-Q filing \| 373.0M shares outstanding	370M	0
May 09, 2023	10-Q filing \| 383.6M shares outstanding	380M	0
Mar 01, 2023	10-K filing \| 381.5M shares outstanding	380M	0
Nov 04, 2022	10-Q filing \| 413.8M shares outstanding	410M	0
Aug 05, 2022	10-Q filing \| 429.2M shares outstanding	430M	0
May 06, 2022	10-Q filing \| 451.6M shares outstanding	450M	0
Feb 25, 2022	10-K filing \| 482.2M shares outstanding	480M	0
Nov 05, 2021	10-Q filing \| 482.5M shares outstanding	480M	0
Aug 05, 2021	10-Q filing \| 486.0M shares outstanding	490M	0
May 04, 2021	10-Q filing \| 484.7M shares outstanding	480M	0
Feb 26, 2021	10-K filing \| 488.7M shares outstanding	490M	0
Nov 04, 2020	10-Q filing \| 488.8M shares outstanding	490M	0
Aug 05, 2020	10-Q filing \| 488.7M shares outstanding	490M	0
May 05, 2020	10-Q filing \| 487.9M shares outstanding	490M	0
Feb 28, 2020	10-K filing \| 494.1M shares outstanding	490M	0

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