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How can a company's float be greater than its outstanding shares?


SNDK currently has 184.11M outstanding shares, yet its float is 225.60M. Is the float not representative of shares outstanding (minus) restricted shares?

The free float of a public company is an estimate of the proportion of shares that are not held by large owners and that are not stock with sales restrictions (restricted stock that cannot be sold until they become unrestricted stock).

The free float or a public float is usually defined as being all shares held by investors other than:

shares held by owners owning more than 5% of all shares (those could be institutional investors, "strategic shareholders", founders, executives, and other insiders holdings)

restricted stocks (granted to executives that can be, but don't have to be, registered insiders)

insider holdings (it is assumed that insiders hold stock for the very long term)

Isn't what you float bonds? If so, aren't we talking about 2 very different things? Bonds are debt and shares are stock.

I think that's because ppl short the stock

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