{
  "researchSlug": "share-count-disclosure-cadence",
  "title": "SEC Share-Count Disclosure Cadence Across 16 Filings",
  "version": "1.0",
  "dataAsOf": "2026-05-20",
  "scope": "A frozen five-company longitudinal cohort of 16 retained SEC share-count observations. The public release preserves dates, lags, forms, and SEC provenance while omitting share-count values, prices, market caps, and valuation multiples.",
  "summary": {
    "observations": 16,
    "companies": 5,
    "medianLagDays": 6,
    "meanLagDays": 8.6,
    "minimumLagDays": 5,
    "maximumLagDays": 23,
    "fiveToSevenDayObservations": 13,
    "fiveToSevenDayPercent": 81.3,
    "companiesWithOneDayOrLessRange": 4,
    "companiesWithOneDayOrLessRangePercent": 80
  },
  "companies": [
    {
      "companyId": "microsoft",
      "companyName": "Microsoft",
      "observations": 3,
      "medianLagDays": 6,
      "minimumLagDays": 6,
      "maximumLagDays": 6,
      "rangeDays": 0
    },
    {
      "companyId": "netflix",
      "companyName": "Netflix",
      "observations": 3,
      "medianLagDays": 22,
      "minimumLagDays": 17,
      "maximumLagDays": 23,
      "rangeDays": 6
    },
    {
      "companyId": "nvidia",
      "companyName": "NVIDIA",
      "observations": 4,
      "medianLagDays": 5,
      "minimumLagDays": 5,
      "maximumLagDays": 5,
      "rangeDays": 0
    },
    {
      "companyId": "oracle",
      "companyName": "Oracle",
      "observations": 3,
      "medianLagDays": 6,
      "minimumLagDays": 5,
      "maximumLagDays": 6,
      "rangeDays": 1
    },
    {
      "companyId": "tesla",
      "companyName": "Tesla",
      "observations": 3,
      "medianLagDays": 7,
      "minimumLagDays": 6,
      "maximumLagDays": 7,
      "rangeDays": 1
    }
  ],
  "observations": [
    {
      "company": "Microsoft",
      "shareCountAsOfDate": "2025-10-23",
      "filingDate": "2025-10-29",
      "disclosureLagDays": 6,
      "form": "10-Q",
      "accessionNumber": "0001193125-25-256321",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/789019/000119312525256321/msft-20250930.htm"
    },
    {
      "company": "Microsoft",
      "shareCountAsOfDate": "2026-01-22",
      "filingDate": "2026-01-28",
      "disclosureLagDays": 6,
      "form": "10-Q",
      "accessionNumber": "0001193125-26-027207",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/789019/000119312526027207/msft-20251231.htm"
    },
    {
      "company": "Microsoft",
      "shareCountAsOfDate": "2026-04-23",
      "filingDate": "2026-04-29",
      "disclosureLagDays": 6,
      "form": "10-Q",
      "accessionNumber": "0001193125-26-191507",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/789019/000119312526191507/msft-20260331.htm"
    },
    {
      "company": "Netflix",
      "shareCountAsOfDate": "2025-09-30",
      "filingDate": "2025-10-22",
      "disclosureLagDays": 22,
      "form": "10-Q",
      "accessionNumber": "0001065280-25-000406",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528025000406/nflx-20250930.htm"
    },
    {
      "company": "Netflix",
      "shareCountAsOfDate": "2025-12-31",
      "filingDate": "2026-01-23",
      "disclosureLagDays": 23,
      "form": "10-K",
      "accessionNumber": "0001065280-26-000034",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm"
    },
    {
      "company": "Netflix",
      "shareCountAsOfDate": "2026-03-31",
      "filingDate": "2026-04-17",
      "disclosureLagDays": 17,
      "form": "10-Q",
      "accessionNumber": "0001065280-26-000138",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1065280/000106528026000138/nflx-20260331.htm"
    },
    {
      "company": "NVIDIA",
      "shareCountAsOfDate": "2025-08-22",
      "filingDate": "2025-08-27",
      "disclosureLagDays": 5,
      "form": "10-Q",
      "accessionNumber": "0001045810-25-000209",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1045810/000104581025000209/nvda-20250727.htm"
    },
    {
      "company": "NVIDIA",
      "shareCountAsOfDate": "2025-11-14",
      "filingDate": "2025-11-19",
      "disclosureLagDays": 5,
      "form": "10-Q",
      "accessionNumber": "0001045810-25-000230",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1045810/000104581025000230/nvda-20251026.htm"
    },
    {
      "company": "NVIDIA",
      "shareCountAsOfDate": "2026-02-20",
      "filingDate": "2026-02-25",
      "disclosureLagDays": 5,
      "form": "10-K",
      "accessionNumber": "0001045810-26-000021",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1045810/000104581026000021/nvda-20260125.htm"
    },
    {
      "company": "NVIDIA",
      "shareCountAsOfDate": "2026-05-15",
      "filingDate": "2026-05-20",
      "disclosureLagDays": 5,
      "form": "10-Q",
      "accessionNumber": "0001045810-26-000052",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1045810/000104581026000052/nvda-20260426.htm"
    },
    {
      "company": "Oracle",
      "shareCountAsOfDate": "2025-09-05",
      "filingDate": "2025-09-10",
      "disclosureLagDays": 5,
      "form": "10-Q",
      "accessionNumber": "0001193125-25-200095",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1341439/000119312525200095/orcl-20250831.htm"
    },
    {
      "company": "Oracle",
      "shareCountAsOfDate": "2025-12-05",
      "filingDate": "2025-12-11",
      "disclosureLagDays": 6,
      "form": "10-Q",
      "accessionNumber": "0001193125-25-315925",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1341439/000119312525315925/orcl-20251130.htm"
    },
    {
      "company": "Oracle",
      "shareCountAsOfDate": "2026-03-05",
      "filingDate": "2026-03-11",
      "disclosureLagDays": 6,
      "form": "10-Q",
      "accessionNumber": "0001193125-26-101045",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1341439/000119312526101045/orcl-20260228.htm"
    },
    {
      "company": "Tesla",
      "shareCountAsOfDate": "2025-10-16",
      "filingDate": "2025-10-23",
      "disclosureLagDays": 7,
      "form": "10-Q",
      "accessionNumber": "0001628280-25-045968",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1318605/000162828025045968/tsla-20250930.htm"
    },
    {
      "company": "Tesla",
      "shareCountAsOfDate": "2026-01-23",
      "filingDate": "2026-01-29",
      "disclosureLagDays": 6,
      "form": "10-K",
      "accessionNumber": "0001628280-26-003952",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1318605/000162828026003952/tsla-20251231.htm"
    },
    {
      "company": "Tesla",
      "shareCountAsOfDate": "2026-04-16",
      "filingDate": "2026-04-23",
      "disclosureLagDays": 7,
      "form": "10-Q",
      "accessionNumber": "0001628280-26-026673",
      "sourceUrl": "https://www.sec.gov/Archives/edgar/data/1318605/000162828026026673/tsla-20260331.htm"
    }
  ],
  "limitations": [
    "The five-company cohort was selected as reviewed historical capitalization source authority and is not representative of all SEC issuers.",
    "The lag is calendar days between the stated share-count date and filing date; it does not identify when the economic share count changed.",
    "Filing date is a conservative date-only availability boundary and does not assert an intraday pre-close knowledge state.",
    "Current continuation observations are intentionally excluded, and the study does not publish share-count values, market data, valuation outputs, rankings, or recommendations."
  ]
}