# Fully diluted

> Fully diluted — Counting every share that exists or could: issued stock, options granted, the unissued option pool and convertible securities as converted. The basis a SAFE's Company Capitalization, a priced round's price per share and most ownership percentages are quoted on.

Source: https://lopifi.com/glossary/fully-diluted
Part of: Lopifi — US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

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**What is fully diluted?** In accounting, fully diluted means counting every share that exists or could: issued stock, options granted, the unissued option pool and convertible securities as converted. The basis a SAFE's Company Capitalization, a priced round's price per share and most ownership percentages are quoted on.

## Words this system refuses for it

- outstanding (issued shares only)
- authorized

- **Category:** Equity & financing
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** capitalization, priced-round, option-pool, basis, safe