| Category | Shares | % | Value | Status |
|---|---|---|---|---|
| Circulating | 296.88M | 88.0% | $24.21B | Estimated |
| Free float | - | - | - | Unavailable |
| Insider-held, unrestricted | - | - | - | Unavailable |
| Locked team funds | - | - | - | Unavailable |
| Other restricted (unlisted classes only) | 40.54M | 12.0% | $3.31B | Verified |
| Total outstanding | 337.42M | 100.0% | $27.52B | Verified |
| Ownership views (overlap the categories above, never added) | ||||
| Institutional holdings (13F) | 260.20M | 77.1% | $21.22B | Estimated |
| Insider-held, all (Forms 3, 4, 5) | - | - | - | Unavailable |
Institutional and insider holdings can include both tradable and locked shares, so they are shown for reference and never added to the total. Check: no class has more shares deducted than it has outstanding, and the review found no shares that may be counted twice: reconciles.
Class B (not listed on any exchange)
40,539,294 shares
12.0% of total · $3.31B
Class B shares are not listed on any exchange and cannot be traded as they are. A holder must first convert them into Class A shares, which can then be sold. FloatCap counts them outside circulating supply until converted.
Verified10-K, Cover page: shares outstanding by class; the class has no trading symbolApplied automatically to every unlisted class.
| Holder | Shares | % of total |
|---|---|---|
| Capital Research Global Investors | 26.00M | 7.71% |
| Capital World Investors | 23.12M | 6.85% |
| MORGAN STANLEY | 23.00M | 6.82% |
| BlackRock, Inc. | 19.61M | 5.81% |
| FMR LLC | 17.58M | 5.21% |
| JPMORGAN CHASE & CO | 16.72M | 4.96% |
| VANGUARD CAPITAL MANAGEMENT LLC | 12.32M | 3.65% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 11.89M | 3.52% |
| STATE STREET CORP | 6.35M | 1.88% |
| BAILLIE GIFFORD & CO | 5.86M | 1.74% |
Sum of long share positions in Form 13F reports for the quarter. 13F covers managers with over $100M in US equities; some positions are reported by more than one filer.
Form 4 aggregation pending
| Class | Listing | Shares outstanding | As of |
|---|---|---|---|
| Class A | AFRM on Nasdaq | 296,881,962 | Aug 21, 2026 |
| Class B | Not listed (valued at AFRM) | 40,539,294 | Aug 21, 2026 |