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XLSM — Excel Macro-Enabled Workbook
XLSM is an Excel workbook that contains macros (VBA). Excel blocks macros from unknown sources, and many e-mail systems block XLSM files.
XLSM is XLSX plus VBA code that automates the workbook. Because macros can carry malware, Windows and Office warn about or block them in downloaded files.
Converting to XLSX keeps the data and formulas without the macros; CSV or PDF are for sharing.