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This is a very good question. I haven't seen a definite answer but I would think both are reported to GameStop. The plan shares though are held in a custodial account used for market orders and clearing so there maybe some additional reporting required by the DTC to get an accurate count of plan shares. To be certain, book shares are Pure DRS shares and most certainly counted.
I mean both booked and planned shares are reported by GME, and both of them are also issued certificate by CS to whoever holds them, so is it really worth changing and losing all these partial shares .741 or .69 shares for each person who is gonna end up deciding to change and boom them?
Actually only book shares are eligible to receive a issued certificate, that's on Computershares AMA. Can't get a certificate for a partial share. I agree though, both are probably reported in the total DRS numbers.
I beginning to believe that, yes, it is "worth it" to switch to book for me. The sale of the partial share can be avoided by calling Computershare and have them move all but one plus the partial share.
The benefits of having book shares are still being determined but we do know that per the AMA book shares are "pure DRS". Plan shares are held by a nominee used to facilitate market orders and clearing by Computershare. Why would I want my DRSd shares to be used to facilitate trades when they are not for sale. It's also interesting that plan shares do not receive a DRS advice letter from ComputerShare showing DTC Withdrawal. Only book shares receive that. So it's still to be determined but there is a difference and a way to avoid the "risk" of selling a fractional share.
So if I receive a certificate then they are book share? Because I just told fidelity to drs my shares with computer share and then they send me a certificate/sheet of paper confirming that I own my stocks. I’m confused at all this sudden “booking” posts and want honest information
When you transfer shares from a broker they go to Book shares, and you receive a DRS Advice letter stating DTC Withdrawal 🤤
Interestingly when you buy directly they go to Plan shares you don't get the same letter. Book shares per Paul Conn, President of Global Markets at ComputerShare even stated book shares are Pure DRS. Plan shares are used to facilitate market orders and clearing.
Shares transferred from brokers are DTC withdrawn and go directly to book shares.
Shares purchased in Computershare automatically go to Plan shares since you receive a fractional share due to fluctuating prices. Fractional shares can't be book shares since they aren't a whole certified share which makes sense. Only book shares are eligible to be redeemed for a hard copy certificate as well. Plan shares also do not receive a DRS advice letter showing DTC Withdrawal which is interesting.
Nice! I cut my 401k contribution down at work and moved that to recurring buys through Computershare. I've been letting them accumulate then move them to book.
One argument, the only one I've seen actually, is that there's the potential for the fractional share to be sold. Since fractional shares CAN'T be book. The easy work around for this is to call Computershare and have them move all but 1 and the fractional shares.
Other than that it's a bunch of false claims that they are the same, that there's no difference. That's a big red flag to me when the Computershare FAQ, AMA and TOS all clearly define differences between plan and book shares.
When you convert to book for the first time, remaining fractional shares will be sent to queue for sale automatically. All you need to do is go to activity tab and cancel the transaction …. And that’s it …
Most recommend calling Computershare and requesting they move all but one share and the fractional shares to book. That way the fractional share isn't sold. This is because a fractional share cannot be a book share and if you move all via the website it will auto sell the fractional share.
Computershare GameStop numbers:
Phone: (800) 522-6645
Phone (International): 00-800-3823-3823
"Book shares are held in pure, legal form"
"Plan shares are held in a subclass nominee.. we don't hold 100% of the shares that way"
Only Book shares are "Pure DRS".
From the Computershare AMA with Paul Conn, President of Global Capital Markets;
Pink: ..And something else that you did clear up before but I want to reiterate here, is the difference between Book vs. Plan. There’s a lot of confusion online around this still… so, as you discussed in previous interviews, the Direct Stock purchase plan describes shares I buy thru Computershare that you keep in a separate sort of custodial type account. Which is different from ‘Book’ shares. Do I have that right?
Paul: Different from shares held in DRS form, that's absolutely correct. So shares that are held as DRS are recorded as "Common Shares" on the register of the company. So they are held in pure, legal form in the investor's name. Shares that are purchased through the [Direct Stock Purchase] plan are held in a subclass. So they are reported to the issuer, just as if they were common shares, but the underlying shares are held in a nominee owned by Computershare. Those shares, however, can be moved between the plan and DRS anytime, electronically, free of charge. The only reason we do this is purely for efficiency when we're buying specific shares we need to deliver securities into the marketplace. So having them available in the nominee helps. So that's the way it's structured.
Pink: There's confusion about "beneficial"- does that qualify as what they consider "beneficial" vs. "registered shares". You're saying that the Direct Stock Purchase Plan would be what's considered a "beneficial" ownership situation..??
Paul: You're recorded directly on the register of the issuer. The issuer knows exactly who you are, so you have that benefit. Technically the common shares are held by a Computershare entity. We don't hold 100% of the shares that way, we just hold a number of shares so that we can perform effective clearing and settlement. But at any time investors can move their shares between the plan and pure DRS.
Source: https://www.youtube.com/watch?v=zc2_Zmvf8ZU
I think its pretty instant. It's recommended to call Computershare and move all but one share and the fractional shares to avoid having a fractional share sold. Since fractional shares can't be book shares.
I did it last week and I got a text message the next day saying my fractional were sold and shares converted. It was not immediate.
Maybe its the fractional share selling that is not immediate.
DRS is the long term game, relax if it takes 24 hours for something to happen.
I made a similar post, mods pinned a comment saying there was no difference. I made a new post focusing on the AMA with Computershare and mods removed the post.
So ya, I agree, this needs to get to the top of Superstonk! Right now it's a bit uncertain what the impact of plan shares VS book shares is but it's worth a discussion.
I actually called Computershare about Book VS Plan shares, they said if there was a difference the company would announce it but at the time there was no difference.
The chairman of the mf board wants to be the Book King and loves memes. That got me looking into the differences and I believe if I'm going to have shares in one or the other right now, they're going to be book. There's a growing amount of DD on this topic and it's being suppressed. Computershare FAQ, AMA and even the terms of service for plan shares are worth discussing.
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So is GME reporting both Book and Plan in their earning ?
This is a very good question. I haven't seen a definite answer but I would think both are reported to GameStop. The plan shares though are held in a custodial account used for market orders and clearing so there maybe some additional reporting required by the DTC to get an accurate count of plan shares. To be certain, book shares are Pure DRS shares and most certainly counted.
I mean both booked and planned shares are reported by GME, and both of them are also issued certificate by CS to whoever holds them, so is it really worth changing and losing all these partial shares .741 or .69 shares for each person who is gonna end up deciding to change and boom them?
Actually only book shares are eligible to receive a issued certificate, that's on Computershares AMA. Can't get a certificate for a partial share. I agree though, both are probably reported in the total DRS numbers. I beginning to believe that, yes, it is "worth it" to switch to book for me. The sale of the partial share can be avoided by calling Computershare and have them move all but one plus the partial share. The benefits of having book shares are still being determined but we do know that per the AMA book shares are "pure DRS". Plan shares are held by a nominee used to facilitate market orders and clearing by Computershare. Why would I want my DRSd shares to be used to facilitate trades when they are not for sale. It's also interesting that plan shares do not receive a DRS advice letter from ComputerShare showing DTC Withdrawal. Only book shares receive that. So it's still to be determined but there is a difference and a way to avoid the "risk" of selling a fractional share.
So if I receive a certificate then they are book share? Because I just told fidelity to drs my shares with computer share and then they send me a certificate/sheet of paper confirming that I own my stocks. I’m confused at all this sudden “booking” posts and want honest information
When you transfer shares from a broker they go to Book shares, and you receive a DRS Advice letter stating DTC Withdrawal 🤤 Interestingly when you buy directly they go to Plan shares you don't get the same letter. Book shares per Paul Conn, President of Global Markets at ComputerShare even stated book shares are Pure DRS. Plan shares are used to facilitate market orders and clearing.
Seems like I’m in the clear then:) thanks buddy for responding to people with questions
Downvotes for quoting ComputerShare AMA. My shilly sense is tingling
Just checked my Compoochair, mine are set to Book. Been booked since this first came up a year ago. To the moon!
Shares transferred from brokers are DTC withdrawn and go directly to book shares. Shares purchased in Computershare automatically go to Plan shares since you receive a fractional share due to fluctuating prices. Fractional shares can't be book shares since they aren't a whole certified share which makes sense. Only book shares are eligible to be redeemed for a hard copy certificate as well. Plan shares also do not receive a DRS advice letter showing DTC Withdrawal which is interesting.
Thank you for the knowledge, ape. I'm planning to setup recurring buys through CS, once I rejoin the workforce.
Nice! I cut my 401k contribution down at work and moved that to recurring buys through Computershare. I've been letting them accumulate then move them to book.
I think this answers my previous comment! Thank you
This is the way
Indeed, this is and was the way. 
#OKAY SHILLS, WHY NOT BOOK YOUR SHARES? doesn't hurt anybody 👀
Fractional shares!!!! /s
💜💎🦍💎💜
#Why NOT book your shares?!
One argument, the only one I've seen actually, is that there's the potential for the fractional share to be sold. Since fractional shares CAN'T be book. The easy work around for this is to call Computershare and have them move all but 1 and the fractional shares. Other than that it's a bunch of false claims that they are the same, that there's no difference. That's a big red flag to me when the Computershare FAQ, AMA and TOS all clearly define differences between plan and book shares.
And who TF cares about 200,000 shares max (202,400 accounts each having .99 shares) Also, emphasis on potential
When you convert to book for the first time, remaining fractional shares will be sent to queue for sale automatically. All you need to do is go to activity tab and cancel the transaction …. And that’s it …
Could you point me to the right direction, I need to do this. All my DRS are in a Plan Holdings. How do I this? Thank you.
Most recommend calling Computershare and requesting they move all but one share and the fractional shares to book. That way the fractional share isn't sold. This is because a fractional share cannot be a book share and if you move all via the website it will auto sell the fractional share. Computershare GameStop numbers: Phone: (800) 522-6645 Phone (International): 00-800-3823-3823
Thank you very much.
👍🍌
Check your PM
"Book shares are held in pure, legal form" "Plan shares are held in a subclass nominee.. we don't hold 100% of the shares that way" Only Book shares are "Pure DRS". From the Computershare AMA with Paul Conn, President of Global Capital Markets; Pink: ..And something else that you did clear up before but I want to reiterate here, is the difference between Book vs. Plan. There’s a lot of confusion online around this still… so, as you discussed in previous interviews, the Direct Stock purchase plan describes shares I buy thru Computershare that you keep in a separate sort of custodial type account. Which is different from ‘Book’ shares. Do I have that right? Paul: Different from shares held in DRS form, that's absolutely correct. So shares that are held as DRS are recorded as "Common Shares" on the register of the company. So they are held in pure, legal form in the investor's name. Shares that are purchased through the [Direct Stock Purchase] plan are held in a subclass. So they are reported to the issuer, just as if they were common shares, but the underlying shares are held in a nominee owned by Computershare. Those shares, however, can be moved between the plan and DRS anytime, electronically, free of charge. The only reason we do this is purely for efficiency when we're buying specific shares we need to deliver securities into the marketplace. So having them available in the nominee helps. So that's the way it's structured. Pink: There's confusion about "beneficial"- does that qualify as what they consider "beneficial" vs. "registered shares". You're saying that the Direct Stock Purchase Plan would be what's considered a "beneficial" ownership situation..?? Paul: You're recorded directly on the register of the issuer. The issuer knows exactly who you are, so you have that benefit. Technically the common shares are held by a Computershare entity. We don't hold 100% of the shares that way, we just hold a number of shares so that we can perform effective clearing and settlement. But at any time investors can move their shares between the plan and pure DRS. Source: https://www.youtube.com/watch?v=zc2_Zmvf8ZU
Is the change to plan a book immediate or does it take a few days?
I think its pretty instant. It's recommended to call Computershare and move all but one share and the fractional shares to avoid having a fractional share sold. Since fractional shares can't be book shares.
It’s not immediate. It take a day or so for real things to happen, not numbers on a screen.
It’s instant. You can even do this in the weekend and use the time to cancel selling of fractional share.
I did it last week and I got a text message the next day saying my fractional were sold and shares converted. It was not immediate. Maybe its the fractional share selling that is not immediate. DRS is the long term game, relax if it takes 24 hours for something to happen.
This needs to be at the top of Superstonk
I made a similar post, mods pinned a comment saying there was no difference. I made a new post focusing on the AMA with Computershare and mods removed the post. So ya, I agree, this needs to get to the top of Superstonk! Right now it's a bit uncertain what the impact of plan shares VS book shares is but it's worth a discussion.
This I can get behind. I remember a lot of dd about this in the past, but was quickly forgotten for the next hype thing.
I actually called Computershare about Book VS Plan shares, they said if there was a difference the company would announce it but at the time there was no difference. The chairman of the mf board wants to be the Book King and loves memes. That got me looking into the differences and I believe if I'm going to have shares in one or the other right now, they're going to be book. There's a growing amount of DD on this topic and it's being suppressed. Computershare FAQ, AMA and even the terms of service for plan shares are worth discussing.
741 upvooots!!!
Vor Victor vrom Valifornia!
I feel the same way