Basic Shares Outstanding

Basic Shares Outstanding represents the total number of shares of common stock that are considered outstanding as of the reporting date. This count includes all shares that have been issued and are held by shareholders, as well as any additional shares that have been earned or triggered for issuance but are still pending settlement or delivery as of that date.

Such shares may include, for example:

Shares sold but not yet delivered under equity offering programs,

Shares resulting from exercised stock options or vested equity awards awaiting issuance,

Shares to be issued upon conversion of securities for which conversion has been requested but is not yet completed.

This total excludes treasury shares held by the company itself and does not include unexercised or unvested equity awards, unexercised warrants, or unconverted securities