What the plan shows before anything runs
An MP4's size comes mostly from its video bitrate multiplied by its length. ToolGPT reads both from your file and picks a target bitrate below the current one. The plan then shows the expected size as a range rather than one exact number, because an encoder lands near its target, not exactly on it.
By default the output keeps the original resolution and frame rate. For a large reduction, the assistant may suggest a smaller resolution, such as 1080p from a 4K source, because a smaller picture needs fewer bits to look sharp. If you disagree with a setting, say so and you get a revised plan.