Executive & Board / Corporate Finance
Fully Diluted Share Count FD Shares (vs basic, vs diluted EPS)
The total shares that would exist if every option, warrant, and convertible turned into stock, the real denominator for ownership.
The fork, why two teams get different numbers
Three definitions collide on a cap table.
In the Metric Library
- The full fork, both definitions worked all the way through
- The trap that makes the number lie, on a real export
- Every formula variant, spelled out
- The reconciliation anchor, what to tie it to and when to refuse
Reference: FASB ASC 260 (Earnings Per Share, treasury stock method) ยท standard venture cap-table convention