February 27, 2017 01:15 AM

Emma Stone has shared some key information about the Oscars’ shocking Best Picture mistake.

The actress revealed the moment she knew something was amiss during the jaw-dropping moment in which Warren Beatty and Faye Dunaway erroneously deemed La La Land the winner of Best Picture instead of Moonlight.

“One of the stage managers came on stage and was asking some questions,” she said during an interview with ABC. “I’m so beyond excited for Moonlight, I think it’s one of the greatest films of all time. So as far as I’m concerned, coolest outcome ever! But the process of getting there was a trip.”

As for what happened? Even Stone admits she’s confused. “I don’t even know what to say. Not enough retrospective in order to process this with the 20/20 hindsight necessary.”

Lizz Leonard

But one thing is for certain: she was in possession of her Best Actress card.

“I also was holding my Best Actress in a Leading Role card the whole time. I’m not sure what happened” Stone told reporters in the press room, adding, “I think everyone’s in a state of confusion still. Excitement but confusion. I think everyone is just so excited for Moonlight. It’s such an incredible film.”

“The investigation continues,” she said.

Kevin Winter/Getty

Beatty apologized to the audience directly following the flub, explaining that he was given the wrong envelope and was confused.

Last year’s Best Actor winner, Leonardo DiCaprio, presented Stone with her Best Actress award, and a rep for The Revenant star confirms that he also gave her the card that declared her the winner.

“He gave the card directly to Emma and said ‘You are going to want to keep this,’ ” the rep tells PEOPLE.

Check out PEOPLE’s full 2017 Academy Awards coverage and complete winners list!

Watch the PEOPLE & EW Red Carpet Live Oscars pre-show on Feb. 26 at 5 p.m. ET/2 p.m. PT on the People/Entertainment Weekly Network (PEN). Go to PEOPLE.com/PEN, or download the app on your favorite device. Then watch our Red Carpet Fashion Wrap-Up after the Oscars!

The Damien Chazelle-directed film had been expected to win Best Picture — and came in with 14 nominations, tied for the most ever, to Moonlight‘s eight — but Moonlight ultimately walked away with the top prize.

  • reporting by GABRIELLE OLYA and LIZ MCNEIL

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