Dilution profile // every instrument, one screen, from SEC filings

Olema Pharmaceuticals, Inc. (OLMA)

CIK 1750284 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed signals (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
HIGH$240M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
one or more live registrations had no structured fee data, so the true total is AT LEAST this
Overhead supply
LOWwarrants = 16% of O/S
= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)
warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this
Historical dilution
MEDIUM+60% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
Cash need
LOW~37.7 months of runway
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)
the company itself flagged going-concern doubt

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2021-05-072026-08-06

Latest: 87.5M shares as of Aug 6, 2026 (10-Q).

Cash runway

Going-concern warning

auditor flagged substantial doubt

The company itself flagged going-concern doubt in a filing.

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
Prefunded Warrants7.6M$0.0001
Two Thousand Twenty Five Warrant Exchange Agreement6.1M$0.0001
Two Thousand Twenty Four Private Placement4.1M$0.0001
Two Thousand Twenty Four Warrant Exchange Agreement3.4M$0.0001

Tranches exactly as the company dimensioned them in its 10-Q filed Aug 10, 2026. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.

Warrants outstanding: 13.6M underlying shares, as reported Aug 6, 2026 (10-Q).

Rough fully diluted estimate: 101.1M = 87.5M O/S + 13.6M warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

No convertible-note facts tagged in the 10-Q filed Aug 10, 2026. If convertible notes exist, their terms live in exhibit prose for this filer and are not parsed; absence of a tag is not proof of absence. The exhibits are the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding87.5MAug 6, 2026
+ Prefunded Warrants (if exercised)7.6MNov 29, 2024
+ Two Thousand Twenty Five Warrant Exchange Agreement (if exercised)6.1MJun 30, 2026
+ Two Thousand Twenty Four Private Placement (if exercised)4.1MJun 30, 2026
+ Two Thousand Twenty Four Warrant Exchange Agreement (if exercised)3.4MJun 30, 2026
Fully diluted estimate108.7M+24.2% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

Registered offering capacity on live registrations: $240.0Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3ASRDec 11, 2025$200.0M registeredfiling →
S-3MEFNov 18, 2025$40.0M registeredfiling →
S-3Jan 6, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 2 executed · 2 registered.

REGISTEREDDec 11, 2025Automatic shelf registration — effective immediately (large filers)S-3ASR
EXECUTEDNov 19, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDNov 18, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
REGISTEREDNov 18, 2025S-3MEF registration — capacity to sell shares, not a sale yetS-3MEF
UPDATEJan 15, 2025Prospectus update — often a resale registration, not necessarily new capital424B3
EXECUTEDJan 15, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EFFECTIVEJan 15, 2025SEC declared a registration effective — selling can beginEFFECT
EFFECTIVEJan 15, 2025SEC declared a registration effective — selling can beginEFFECT
EXECUTEDJan 10, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
REGISTEREDJan 6, 2025S-3 registration — capacity to sell shares, not a sale yetS-3
REGISTEREDJan 3, 2025S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDDec 2, 2024Unregistered share sale disclosed (8-K item 3.02)8-K

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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