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Matthew at Sycamore's avatar

I’m assuming this is not accounting for buybacks to offset the stock-based comp? Or are these dilution numbers net of buybacks? Thanks!

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Thomas Reiner's avatar

Gross dilution, buying back stock to offset SBC shouldn't be a thing.

Repurchases are a separate financial decision based on returning cash to shareholders and the relative perceived value of the stock.

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Matthew at Sycamore's avatar

That makes sense. Thanks for your response!

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