{
  "researchSlug": "historical-market-cap-share-count-lag",
  "title": "Historical Market Cap: SEC Share-Count Disclosure Lag Across 21 Companies",
  "version": "1.0",
  "dataAsOf": "2026-09-02",
  "scope": "One frozen reviewed SEC share-count timing observation per company. The release publishes only the as-of date, filing date, derived calendar-day lag, form, and primary SEC source metadata; it does not redistribute share-count values, prices, market caps, or valuation multiples.",
  "summary": {
    "observations": 21,
    "companies": 21,
    "medianLagDays": 6,
    "meanLagDays": 7,
    "minimumLagDays": 2,
    "maximumLagDays": 17,
    "tenPlusDayObservations": 5,
    "tenPlusDayPercent": 23.8
  },
  "buckets": [
    {
      "id": "2-3-days",
      "label": "2–3 days",
      "observations": 3,
      "percentOfObservations": 14.3
    },
    {
      "id": "4-6-days",
      "label": "4–6 days",
      "observations": 9,
      "percentOfObservations": 42.9
    },
    {
      "id": "7-9-days",
      "label": "7–9 days",
      "observations": 4,
      "percentOfObservations": 19
    },
    {
      "id": "10-plus-days",
      "label": "10+ days",
      "observations": 5,
      "percentOfObservations": 23.8
    }
  ],
  "observations": [
    {
      "company": "Alphabet",
      "shareCountAsOfDate": "2026-07-15",
      "filingDate": "2026-07-23",
      "disclosureLagDays": 8,
      "form": "10-Q",
      "source": {
        "publisher": "Alphabet / SEC",
        "title": "Alphabet Q2 2026 Form 10-Q",
        "url": "https://www.sec.gov/Archives/edgar/data/1652044/000165204426000071/goog-20260630.htm",
        "accessionNumber": "0001652044-26-000071"
      }
    },
    {
      "company": "Berkshire Hathaway",
      "shareCountAsOfDate": "2026-07-29",
      "filingDate": "2026-08-10",
      "disclosureLagDays": 12,
      "form": "10-Q",
      "source": {
        "publisher": "Berkshire Hathaway / SEC",
        "title": "Berkshire Hathaway Q2 2026 Form 10-Q",
        "url": "https://www.sec.gov/Archives/edgar/data/1067983/000119312526341032/brka-20260630.htm",
        "accessionNumber": "0001193125-26-341032"
      }
    },
    {
      "company": "Dell Technologies",
      "shareCountAsOfDate": "2026-06-02",
      "filingDate": "2026-06-09",
      "disclosureLagDays": 7,
      "form": "10-Q",
      "source": {
        "publisher": "Dell Technologies / SEC",
        "title": "Dell Technologies fiscal 2027 Q1 Form 10-Q",
        "url": "https://www.sec.gov/Archives/edgar/data/1571996/000157199626000030/dell-20260501.htm",
        "accessionNumber": "0001571996-26-000030"
      }
    },
    {
      "company": "Hyatt Hotels",
      "shareCountAsOfDate": "2026-07-24",
      "filingDate": "2026-07-30",
      "disclosureLagDays": 6,
      "form": "10-Q",
      "source": {
        "publisher": "Hyatt Hotels / SEC",
        "title": "Hyatt Hotels Q2 2026 Form 10-Q",
        "url": "https://www.sec.gov/Archives/edgar/data/1468174/000146817426000025/h-20260630.htm",
        "accessionNumber": "0001468174-26-000025"
      }
    },
    {
      "company": "Meta Platforms",
      "shareCountAsOfDate": "2026-07-24",
      "filingDate": "2026-07-29",
      "disclosureLagDays": 5,
      "form": "10-Q",
      "source": {
        "publisher": "Meta Platforms / SEC",
        "title": "Meta Platforms Q2 2026 Form 10-Q",
        "url": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm",
        "accessionNumber": "0001628280-26-050705"
      }
    },
    {
      "company": "Microsoft",
      "shareCountAsOfDate": "2026-07-23",
      "filingDate": "2026-07-29",
      "disclosureLagDays": 6,
      "form": "10-K",
      "source": {
        "publisher": "Microsoft / SEC",
        "title": "Microsoft fiscal 2026 Form 10-K",
        "url": "https://www.sec.gov/Archives/edgar/data/789019/000119312526323660/msft-20260630.htm",
        "accessionNumber": "0001193125-26-323660"
      }
    },
    {
      "company": "Netflix",
      "shareCountAsOfDate": "2026-06-30",
      "filingDate": "2026-07-17",
      "disclosureLagDays": 17,
      "form": "10-Q",
      "source": {
        "publisher": "Netflix / SEC",
        "title": "Netflix Q2 2026 Form 10-Q",
        "url": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000212/nflx-20260630.htm",
        "accessionNumber": "0001065280-26-000212"
      }
    },
    {
      "company": "NVIDIA",
      "shareCountAsOfDate": "2026-08-21",
      "filingDate": "2026-08-26",
      "disclosureLagDays": 5,
      "form": "10-Q",
      "source": {
        "publisher": "NVIDIA / SEC",
        "title": "NVIDIA fiscal 2027 Q2 Form 10-Q",
        "url": "https://www.sec.gov/Archives/edgar/data/1045810/000104581026000075/nvda-20260726.htm",
        "accessionNumber": "0001045810-26-000075"
      }
    },
    {
      "company": "Oracle",
      "shareCountAsOfDate": "2026-06-12",
      "filingDate": "2026-06-22",
      "disclosureLagDays": 10,
      "form": "10-K",
      "source": {
        "publisher": "Oracle / SEC",
        "title": "Oracle fiscal 2026 Form 10-K",
        "url": "https://www.sec.gov/Archives/edgar/data/1341439/000119312526277521/orcl-20260531.htm",
        "accessionNumber": "0001193125-26-277521"
      }
    },
    {
      "company": "Tesla",
      "shareCountAsOfDate": "2026-07-16",
      "filingDate": "2026-07-23",
      "disclosureLagDays": 7,
      "form": "10-Q",
      "source": {
        "publisher": "Tesla / SEC",
        "title": "Tesla Q2 2026 Form 10-Q",
        "url": "https://www.sec.gov/Archives/edgar/data/1318605/000162828026049270/tsla-20260630.htm",
        "accessionNumber": "0001628280-26-049270"
      }
    },
    {
      "company": "Arista Networks",
      "shareCountAsOfDate": "2026-07-30",
      "filingDate": "2026-08-05",
      "disclosureLagDays": 6,
      "form": "10-Q",
      "source": {
        "publisher": "Arista Networks / SEC",
        "title": "Arista Networks Q2 2026 Form 10-Q",
        "url": "https://www.sec.gov/Archives/edgar/data/1596532/000159653226000175/anet-20260630.htm",
        "accessionNumber": "0001596532-26-000175"
      }
    },
    {
      "company": "AutoNation",
      "shareCountAsOfDate": "2026-07-29",
      "filingDate": "2026-07-31",
      "disclosureLagDays": 2,
      "form": "10-Q",
      "source": {
        "publisher": "AutoNation / SEC",
        "title": "AutoNation Q2 2026 Form 10-Q",
        "url": "https://www.sec.gov/Archives/edgar/data/350698/000162828026051427/an-20260630.htm",
        "accessionNumber": "0001628280-26-051427"
      }
    },
    {
      "company": "Cisco",
      "shareCountAsOfDate": "2026-08-27",
      "filingDate": "2026-09-02",
      "disclosureLagDays": 6,
      "form": "10-K",
      "source": {
        "publisher": "Cisco / SEC",
        "title": "Cisco fiscal 2026 Form 10-K",
        "url": "https://www.sec.gov/Archives/edgar/data/858877/000085887726000132/csco-20260725.htm",
        "accessionNumber": "0000858877-26-000132"
      }
    },
    {
      "company": "Corpay",
      "shareCountAsOfDate": "2026-07-31",
      "filingDate": "2026-08-10",
      "disclosureLagDays": 10,
      "form": "10-Q",
      "source": {
        "publisher": "Corpay / SEC",
        "title": "Corpay Q2 2026 Form 10-Q",
        "url": "https://www.sec.gov/Archives/edgar/data/1175454/000117545426000050/cpay-20260630.htm",
        "accessionNumber": "0001175454-26-000050"
      }
    },
    {
      "company": "Danaher",
      "shareCountAsOfDate": "2026-07-16",
      "filingDate": "2026-07-21",
      "disclosureLagDays": 5,
      "form": "10-Q",
      "source": {
        "publisher": "Danaher / SEC",
        "title": "Danaher Q2 2026 Form 10-Q",
        "url": "https://www.sec.gov/Archives/edgar/data/313616/000031361626000161/dhr-20260626.htm",
        "accessionNumber": "0000313616-26-000161"
      }
    },
    {
      "company": "eBay",
      "shareCountAsOfDate": "2026-07-31",
      "filingDate": "2026-08-06",
      "disclosureLagDays": 6,
      "form": "10-Q",
      "source": {
        "publisher": "eBay / SEC",
        "title": "eBay Q2 2026 Form 10-Q",
        "url": "https://www.sec.gov/Archives/edgar/data/1065088/000106508826000177/ebay-20260630.htm",
        "accessionNumber": "0001065088-26-000177"
      }
    },
    {
      "company": "Fortinet",
      "shareCountAsOfDate": "2026-07-28",
      "filingDate": "2026-07-30",
      "disclosureLagDays": 2,
      "form": "10-Q",
      "source": {
        "publisher": "Fortinet / SEC",
        "title": "Fortinet Q2 2026 Form 10-Q",
        "url": "https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ftnt-20260630.htm",
        "accessionNumber": "0001262039-26-000021"
      }
    },
    {
      "company": "General Motors",
      "shareCountAsOfDate": "2026-07-10",
      "filingDate": "2026-07-21",
      "disclosureLagDays": 11,
      "form": "10-Q",
      "source": {
        "publisher": "General Motors / SEC",
        "title": "General Motors Q2 2026 Form 10-Q",
        "url": "https://www.sec.gov/Archives/edgar/data/1467858/000146785826000051/gm-20260630.htm",
        "accessionNumber": "0001467858-26-000051"
      }
    },
    {
      "company": "Medpace",
      "shareCountAsOfDate": "2026-07-17",
      "filingDate": "2026-07-23",
      "disclosureLagDays": 6,
      "form": "10-Q",
      "source": {
        "publisher": "Medpace / SEC",
        "title": "Medpace Q2 2026 Form 10-Q",
        "url": "https://www.sec.gov/Archives/edgar/data/1668397/000166839726000025/medp-20260630.htm",
        "accessionNumber": "0001668397-26-000025"
      }
    },
    {
      "company": "Mohawk Industries",
      "shareCountAsOfDate": "2026-07-29",
      "filingDate": "2026-07-31",
      "disclosureLagDays": 2,
      "form": "10-Q",
      "source": {
        "publisher": "Mohawk Industries / SEC",
        "title": "Mohawk Industries Q2 2026 Form 10-Q",
        "url": "https://www.sec.gov/Archives/edgar/data/851968/000085196826000033/mhk-20260704.htm",
        "accessionNumber": "0000851968-26-000033"
      }
    },
    {
      "company": "Monster Beverage",
      "shareCountAsOfDate": "2026-07-31",
      "filingDate": "2026-08-07",
      "disclosureLagDays": 7,
      "form": "10-Q",
      "source": {
        "publisher": "Monster Beverage / SEC",
        "title": "Monster Beverage Q2 2026 Form 10-Q",
        "url": "https://www.sec.gov/Archives/edgar/data/865752/000110465926092193/mnst-20260630x10q.htm",
        "accessionNumber": "0001104659-26-092193"
      }
    }
  ],
  "limitations": [
    "This is a selected reviewed cohort of 21 U.S. public companies, not a representative estimate of all SEC issuers.",
    "The lag is calendar days between the share count’s stated as-of date and the SEC filing date. It does not identify the date on which the economic share count actually changed.",
    "A filing date establishes a conservative public-availability boundary for this study; it does not assert an intraday timestamp or pre-close availability state.",
    "The study does not publish market prices, market capitalizations, valuation multiples, investment rankings, or recommendations."
  ]
}