9/15/2023 Estimated DRS count: 75,521,650 ((using today's DRSbot total + fix inadvertent DRSbot offline or resets) x 4.175)
The 4.175 multiplier comes from 8/31/2023 Form 10-Q divided by DRSbot 8/31/2023 total: 75,400,000 / 18,059,540 = 4.175
Bloomberg data (to 9/11/2023), DRS estimated counts, and other:
| Holding | Number of shares | As of |
|---|---|---|
| ETFs | 29,138,064 | 9/8/2023 |
| MFs, Index Funds, Pension Funds, etc | 33,999,059 | 9/8/2023 |
| Other Institutional Ownership | 32,373,815 | 9/8/2023 |
| Insiders | 38,540,578 | 9/11/2023 |
| Insiders Stagnant | 14,339,510 | 9/8/2023 |
| DRS 200k Computershare accounts | 75,521,650 | 9/15/2023 |
| DRS 200k accounts 25% stuck in IRA | 18,880,413 | 9/15/2023 |
| Other | 62,448,205 | 9/15/2023 |
- Total Outstanding on 8/31/2023: 305,241,294
- Free float on 9/13/2023: 156,850,268
- Thank you to lawsondt for the Bloomberg data to 9/8/2023.
- Added Larry +6000 and Alain +15000 to Insiders number on 9/11/2023.
- "DRS 200k accounts 25% stuck in IRA" is a conservative percentage. The Google share count surveys have suggested the 200k Computershare accounts have 30-40% additional shares stuck in IRAs.
So is the DRS count stagnant now ? Where did the shares for insiders come from ? If the float is locked. Where are new shares to be bought coming from?
There isn't a infinity pool of shares ? If Drs has locked/ removed 75mil. Basically half the float of 150. The other half is likely bought just not DRS.
Is it loans from insiders ? Or institutes
Depends on your definition of stagnation. DRS is around 5,405 shares a day since 6/20/2023 Mainstar rugpull of -1.27 million shares.
The 38.54 million shares of Cohen, Nir, Alain, Lawrence, James, Xu, and Moore are either purchased in the market or granted from I believe the GameStop share pool. I think this pool's number is listed somewhere in a SEC form.
From the last Form 10-Q the last 3 months ended July 29, 2023 the number of outstanding shares increased 600,000. For last 6 months it increased 700,000. Stock vests around the shareholder meeting. Something like 8,772 shares granted to each board member. And they've been awarding longer term store employees with shares the past year or so.
Others can explain number of shares far better than me. I think there were a couple reddit posts over the summer looking into the amount of shorts and shares over the outstanding.
lawsondt's Bloomberg data post lists institutions holding GME. The usual suspects lending millions of shares out.