Ermenegildo Zegna N.V. (ZGN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: March 20, 2026

Risk Assessment Details

Potential Dilution: 70.8% of current shares
Recent Dilution: 6.23% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
270M
Potential Supply
190M
Additional shares possible
Splits
None
Past 2 years

Summary

ZGN currently has 268M outstanding shares. with significant dilution risk as 190M authorized shares could dilute existing holders by 70.8%. The company has minimally diluted shareholders by 6.23% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 20, 2026

20-F filing | 268.2M shares outstanding

270M 190M
Mar 27, 2025

20-F filing | 252.5M shares outstanding

250M 190M
Apr 05, 2024

20-F filing | 250.3M shares outstanding

250M 190M
Apr 06, 2023

20-F filing | 242.8M shares outstanding

240M 190M
Apr 06, 2023

F-3 filing: This F-3 filing relates to the resale of ordinary shares by selling shareholders of Ermenegildo Zegna N.V.

240M 190M
Sep 09, 2022

POS AM filing: This is a POS AM filing for Ordinary Shares and Public Warrants listed on the New York Stock Exchange under the symbols "ZGN" and "ZGN WS," respectively.

240M 0
Apr 06, 2022

POS AM filing: Ermenegildo Zegna N.V. is offering up to 20,116,667 Ordinary Shares issuable upon the exercise of warrants. Selling securityholders may offer and sell up to 231,623,100 Ordinary Shares and up to 6,700,000 Private Placement Warrants.

240M 0
Apr 06, 2022

20-F filing | 242.3M shares outstanding

240M 0
Jan 19, 2022

F-1 filing: Ermenegildo Zegna N.V. is offering up to 20,116,667 Ordinary Shares upon exercise of warrants and selling securityholders are offering up to 231,802,500 Ordinary Shares and 6,700,000 Private Placement Warrants.

240M 260M
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