Vaxart, Inc. (VXRT) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 5.78% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
240M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

VXRT currently has 241M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 5.78% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 240.6M shares outstanding

240M 0
Apr 17, 2026

8-K filing: Vaxart, Inc. entered into a purchase agreement with Lincoln Park Capital Fund, LLC, for the sale of up to $25.0 million of the Company's common stock over a 24-month period, and issued 447,067 commitment shares to Lincoln Park.

230M 590K
Nov 13, 2025

10-Q filing | 228.9M shares outstanding

230M 590K
Nov 05, 2025

8-K filing: Vaxart, Inc. entered into an Exclusive License and Collaboration Agreement with Dynavax Technologies Corporation, including Dynavax's agreement to purchase $5 million of Vaxart's common stock at $0.45 per share. ($5.0M proceeds)

230M 1.1M
Aug 13, 2025

10-Q filing | 228.4M shares outstanding

230M 1.1M
May 13, 2025

10-Q filing | 227.9M shares outstanding

230M 1.6M
Mar 20, 2025

10-K filing | 227.8M shares outstanding

230M 1.7M
Nov 13, 2024

10-Q filing | 227.5M shares outstanding

230M 2.1M
Aug 08, 2024

10-Q filing | 227.4M shares outstanding

230M 2.1M
May 13, 2024

10-Q filing | 168.8M shares outstanding

170M 61M
Mar 14, 2024

10-K filing | 144.8M shares outstanding

140M 85M
Jan 16, 2024

8-K filing: Vaxart, Inc. entered into a securities purchase agreement with RA Capital Healthcare Fund, L.P to issue and sell 15,384,615 shares of common stock at a price of $0.65 per share, for gross proceeds of approximately $10 million, scheduled to close on or about January 18, 2024. ($10.0M proceeds)

150M 77M
Nov 02, 2023

10-Q filing | 152.0M shares outstanding

150M 77M
Aug 03, 2023

10-Q filing | 139.6M shares outstanding

140M 90M
Jun 08, 2023

8-K filing: Vaxart, Inc. entered into an underwriting agreement with Cantor Fitzgerald & Co. to issue and sell 16,000,000 shares of its common stock in an underwritten public offering, with an option for Cantor to purchase an additional 2,400,000 shares. ($13.6M proceeds)

140M 94M
May 04, 2023

10-Q filing | 135.2M shares outstanding

140M 94M
Mar 17, 2023

S-3 filing: The company is filing an S-3 to offer and sell up to $200,000,000 in the aggregate of common stock, preferred stock, debt securities and purchase contracts from time to time in one or more offerings.

140M 94M
Mar 15, 2023

10-K filing | 127.7M shares outstanding

130M 0
Nov 09, 2022

10-Q filing | 126.9M shares outstanding

130M 0
Aug 08, 2022

10-Q filing | 126.4M shares outstanding

130M 0
May 09, 2022

10-Q filing | 125.8M shares outstanding

130M 0
Feb 24, 2022

10-K filing | 125.6M shares outstanding

130M 0
Nov 04, 2021

10-Q filing | 125.3M shares outstanding

130M 0
Aug 05, 2021

10-Q filing | 122.8M shares outstanding

120M 0
Jun 21, 2021

8-K filing: Acceleration of vesting of 100,000 option shares granted to Dr. Latour and extension of the exercisability period of vested stock options held by Dr. Latour in exchange for his release of claims against the Company and agreement to cooperate in certain matters.

120M 0
May 06, 2021

10-Q filing | 118.0M shares outstanding

120M 0
Feb 25, 2021

10-K filing | 117.8M shares outstanding

120M 0
Nov 12, 2020

10-Q filing | 109.5M shares outstanding

110M 0
Aug 06, 2020

10-Q filing | 109.2M shares outstanding

110M 0
May 12, 2020

10-Q filing | 74.2M shares outstanding

74M 0
Mar 19, 2020

10-K filing | 70.7M shares outstanding

71M 0
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