Zentalis Pharmaceuticals, Inc. (ZNTL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 12, 2026

Risk Assessment Details

Potential Dilution: 69.6% of current shares
Recent Dilution: 1.38% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
70M
Potential Supply
49M
Additional shares possible
Splits
None
Past 2 years

Summary

ZNTL currently has 70.3M outstanding shares. with significant dilution risk as 48.9M authorized shares could dilute existing holders by 69.6%. The company has minimally diluted shareholders by 1.38% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 12, 2026

10-Q filing | 70.3M shares outstanding

70M 49M
Dec 15, 2025

8-K filing: The Company repurchased 7,500,000 shares of its common stock from Matrix Capital Master Fund, LP at a price of $1.33 per share on December 15, 2025. ($9.98M proceeds)

72M 49M
Aug 06, 2025

10-Q filing | 72.0M shares outstanding

72M 49M
May 14, 2025

10-Q filing | 71.7M shares outstanding

72M 49M
Mar 26, 2025

S-3 filing: The filing is an S-3 form for an at-the-market offering of common stock with an aggregate offering price of up to $75,000,000. The offering will be made from time to time through the sales agent, Leerink Partners LLC.

71M 49M
Mar 26, 2025

10-K filing | 71.1M shares outstanding

71M 49M
Nov 12, 2024

10-Q filing | 71.1M shares outstanding

71M 11M
Aug 09, 2024

10-Q filing | 71.0M shares outstanding

71M 11M
May 07, 2024

10-Q filing | 70.9M shares outstanding

71M 11M
Feb 27, 2024

10-K filing | 65.4M shares outstanding

65M 11M
Nov 06, 2023

10-Q filing | 70.6M shares outstanding

71M 11M
Aug 09, 2023

10-Q filing | 70.6M shares outstanding

71M 11M
Jun 15, 2023

8-K filing: Zentalis Pharmaceuticals, Inc. announced an offering of 11,032,656 shares of common stock at $22.66 per share, with expected net proceeds of approximately $235.5 million, to be used for clinical trials and general corporate purposes; the closing is expected on June 20, 2023. ($250.0M proceeds)

59M 11M
May 10, 2023

10-Q filing | 59.3M shares outstanding

59M 11M
Mar 01, 2023

10-K filing | 59.4M shares outstanding

59M 11M
Nov 09, 2022

10-Q filing | 56.8M shares outstanding

57M 11M
Aug 09, 2022

10-Q filing | 57.0M shares outstanding

57M 11M
May 16, 2022

8-K filing: Zentalis Pharmaceuticals, Inc. entered into an underwriting agreement for the offering, issuance, and sale of 10,330,000 shares of its common stock at $19.38 per share, with estimated net proceeds of approximately $188.5 million.

45M 11M
May 05, 2022

10-Q filing | 45.2M shares outstanding

45M 11M
Apr 27, 2022

8-K filing: Zentalis Pharmaceuticals, Inc. entered into a securities purchase agreement with Pfizer Inc. to sell 953,834 shares of the Company's common stock at a price of $26.21 per share, for gross proceeds of approximately $25.0 million. ($25.0M proceeds)

43M 11M
Feb 24, 2022

10-K filing | 42.7M shares outstanding

43M 11M
Nov 10, 2021

10-Q filing | 44.6M shares outstanding

45M 11M
Aug 12, 2021

10-Q filing | 40.7M shares outstanding

41M 11M
Jul 01, 2021

8-K filing: Zentalis Pharmaceuticals, Inc. completed a public offering of 3,565,000 shares of its common stock at a price of $48.50 per share, resulting in net proceeds of approximately $162.5 million. ($162.5M proceeds)

41M 11M
May 17, 2021

10-Q filing | 41.3M shares outstanding

41M 11M
May 04, 2021

S-3 filing: The filing relates to an at-the-market offering of common stock with an aggregate offering price of up to $200,000,000, through sales agent SVB Leerink LLC, to advance clinical development, fund research, and for working capital and other general corporate purposes.

41M 11M
Mar 25, 2021

10-K filing | 41.0M shares outstanding

41M 7.7M
Nov 09, 2020

10-Q filing | 40.6M shares outstanding

41M 7.7M
Aug 13, 2020

10-Q filing | 40.0M shares outstanding

40M 7.7M
Jul 28, 2020

S-1/A filing: This is an S-1/A filing. The company has granted the underwriters an option for a period of 30 days to purchase up to 562,500 additional shares of common stock.

36M 7.7M
May 15, 2020

10-Q filing | 35.9M shares outstanding

36M 7.7M
Mar 31, 2020

S-1/A filing: The filing relates to the issuance and sale of Series B and Series C convertible preferred units to accredited investors and qualified institutional buyers in reliance upon exemptions from registration requirements.

25M 7.7M
Mar 30, 2020

S-1/A filing: This is an S-1/A filing for an initial public offering of common stock by Zentalis Pharmaceuticals, Inc.

25M 7.7M
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