Understanding the difference between the shares and votes % within the diluted and undiluted cap tables
On the 'Cap Table' page, found under the 'Ownership' heading, you will see the percentage of shares and votes for each stakeholder within the cap table.
If the 'Only Ownership' box is left unticked, you will see the fully diluted cap table.
The votes and shares percentage will be different on the fully diluted cap table as the incentive pool and any grants are taken into account in the shares percentage.
For example, if the available proportion of the incentive pool is equivalent to 10% of the total number of fully diluted shares, the share percentage of the stakeholders will add up to 90%.
However, as the available proportion of the option pool does not have any votes, the percentage of the votes that the stakeholders have will add up to 100%.
Selecting the 'Only Ownership' option will display the undiluted cap table.
As you can see the votes and shares % is the same on this cap table.
This is because it shows the individuals who currently own shares and other types of equity and the incentive pool are excluded from the calculation.
If you need further assistance, you can reach out to us by submitting a support ticket.