Float as a Percent of Total Shares Outstanding

This is the number of freely traded shares in the hands of the public as a percentage of Total Shares Outstanding. Float Percent is calculated as Float divided by Total Shares Outstanding where Float is Shares Outstanding minus Shares Owned by Insiders, 5% Owners, and Rule 144 Shares. NOTE: For the first year after an initial public offering (IPO) the float will be the number of shares issued in the IPO.