Okay, so the first thing that we had in our list was the basic shares outstanding.

I have a look at this EV bridge and here it is, shares outstanding 4304.3 million.

I want to go and click on that figure.

I want to check that it's from the quarterly set of accounts and not the annual set of accounts.

So when it opens up, this should take me to the front page of the 10 Q and I can see here's the 10 Q.

Fantastic. When is it? It's for the 28th of March, 2025, and here's our number in yellow.

We can see it was actually the number from the 29th of April.

It just was published. That's the number we want.

Now this has already been tagged, which is fantastic.

If it had not been tagged, what I would do is I would double click it.

I would then click on save, which would save my annotation, go back to Excel and I simply paste my number in, give myself a slightly wider column.

Now that's too big a number for me.

I don't want to see 4.3 billion.

So instead I'm going to get rid of six of those numbers, make them decimal points.

Now I've got 4304.3 million.

You might notice that it's underlined and it's been colored blue.

This means that it is a link and if I were to click on that, or if I sent this to my boss and my boss then clicked on it, ask me, where the hell did you get that number from? Then when it opens up, even if my boss doesn't have a Felix account, it will still link them to this set of accounts and show them that link.

So you can now prove an audit trail of all of your numbers.

Fantastic. So I've got my basic shares outstanding.

Next up, I need my number of options.

The number of options will come from the 10 K rather than the 10 Q dilution adjustment is here. If I click on the 15, it shows me all of the items included.

Again, I want to check every number.

So options outstanding 31. Let's check that this takes me to the 10 K and that it's been tagged on the right number.

Yes, outstanding. 31st December, 2024, and it says the 10 K there.

So that's my number. Now, because this number's already here, I don't need to double click and then click on save because someone's already annotated it for me.

So I can hover click on copy link back to Excel and I can just paste with control V, it paste the correct number, and it's already linked to Felix for that audit trail.

The strike price was right next to it. Fantastic.

So I can click on copy link. Perfect.

Let's show an extra decimal place so we can see that.

Now, very quickly, I want to check that this is actually the right line item.

I've got the outstanding from January 24, outstanding from December 24.

I definitely want the later number, so that's great, but vested and expected to vest and exercisable. They're not the numbers we want.

We always want the number that's outstanding, the maximum number of options that could change into shares.

I now just need the closing share price to get me to my net new shares.

My closing share price, again, it's in my EV bridge here.

That's the share price from last night, $71 and 85 cents.

So I can now calculate my net new shares from options using the treasury stock method.

I want the maximum of zero comma, and I take the share price minus the strike all over the share price and then multiply that by the number of options.

Perfect, and I've got a figure of 8.2.

I'm gonna reveal that formula to the side.

Next up, are those RSUs Again, I go back to Felix, want to click on this dilution adjustments and I can see where I've got some RSUs restricted stock units and PSUs performance based restricted stock units.

I'm gonna click on either of them, see what it takes me to.

I'm then going to check it, make sure I agree with that number.

So what section are we in? I'm in the Performance Based Share Unit awards.

This is in the 10 k.

Above that, we had the options information, so that's great.

I'm in the right place. And the following table summarizes information about performance share units.

That's perfect. So I'm gonna take that 2,539, and I just want to put a decimal place in so that all my units are the same.

So now I've got 2,539,000 performance based stock units for the RSUs.

If I just scroll down a little bit more here, we've got them.

In the next section there are our RSUs and they've already been tagged.

Copy that link. Great. Just move that decimal points.

Now If I go back to Felix, Felix had a dilution adjustment of 15, I'd like to check, 'cause I've used all the same numbers as Felix, so I should get outta dilution adjustment. That's the same as Felix. So if I just total up these three dilutive items here, my sum just at the bottom of my screen there comes out as 15. That's great. So diluted shares outstanding is those three plus the basic shares, and my diluted equity is the diluted shares multiplied by the share price.

310336.7. Again, let's just check to Felix.

310336.7.

Now that is correct as of the day that this is being recorded, but of course that's using the share price we had on that day.

So you guys do be careful when you are doing this.

Your numbers will look slightly different.