{
  "name": "IPO Lock-Up Expiry Calendar",
  "publisher": "Regards of Wallstreet",
  "url": "https://www.regardsofwallstreet.com/tools/ipo-lockup-calendar",
  "license": "https://creativecommons.org/licenses/by/4.0/",
  "cite_as": "IPO Lock-Up Expiry Calendar, Regards of Wallstreet, https://www.regardsofwallstreet.com/tools/ipo-lockup-calendar",
  "definitions": {
    "pctOfFloat": "Shares released as a percentage of the tradeable float. The larger of the two bases, and the one that describes supply hitting the market.",
    "pctOfSharesOutstanding": "The same shares as a percentage of every share the company has issued. The smaller of the two, and the one that describes dilution of ownership.",
    "pctOfFloatAlt": "Set only where the greenshoe was exercised and the headline float base excludes it, so a reader can see how much of the percentage is an artefact of which shares were counted.",
    "valueUsd": "A snapshot, not a fact: shares multiplied by the reference price in valuePrice. The share count is the durable number; the dollar value moves with the stock.",
    "status": "scheduled: a dated future release. released: the date has passed. conditional: gated on a trigger that has not resolved. rolled: the condition failed and the shares moved to a later tranche.",
    "source_grade": "filing: taken from the 424B4 or S-1 itself. tier1: a major outlet. reported: weaker sourcing, published with the caveat attached.",
    "trigger": "An early-release condition. Where it is a price trigger it is resolved against where the stock actually trades rather than repeated as a condition."
  },
  "caveat": "A lock-up expiry makes shares eligible to trade. It does not mean they are sold.",
  "last_updated": "2026-08-17",
  "generated_at": "2026-08-24T00:12:47.155Z",
  "issuers": [
    {
      "id": "fig-2026",
      "ticker": "FIG",
      "company": "Figma, Inc.",
      "exchange": "NYSE",
      "updated": "2026-08-06",
      "ipo": {
        "priced": "2025-07-30",
        "first_trade": "2025-07-31",
        "closed": null,
        "price_usd": 33,
        "base_shares": 36937080,
        "greenshoe_shares": null,
        "greenshoe_exercised": null,
        "shares_sold": 36937080,
        "gross_proceeds_usd": 1218923640
      },
      "denominators": {
        "float_shares": 371000000,
        "float_basis": "reported_float",
        "float_as_of": "2026-08-06",
        "float_note": "No current independent float figure could be sourced this session (the aggregator floats found were stale post-IPO snapshots of about 43.5 million shares against a 410 million share register, which predates the January and quarterly releases). The float here is derived: 528.38 million shares outstanding, less the roughly 77.7 million Class A shares still restricted under the Extended Lock-Up Agreement, less the 79.7 million Class B shares held by insiders (the September 30, 2025 10-Q count, the latest sourced). That gives about 371 million shares. It is a ceiling on the tradeable float rather than a measured one, so percentages of float on this issuer are conservative: if the true float is smaller, the release is a larger share of it.",
        "shares_outstanding": 528380000,
        "shares_outstanding_as_of": "2026-08-06",
        "shares_outstanding_note": "About 528.4 million shares across both classes per aggregator statistics in August 2026. The September 30, 2025 10-Q showed 413.0 million Class A and 79.7 million Class B; the growth since is consistent with equity issuance and option exercises over three quarters.",
        "sources": [
          {
            "url": "https://stockanalysis.com/stocks/fig/statistics/",
            "type": "other",
            "date": "2026-08-06"
          },
          {
            "url": "https://www.sec.gov/Archives/edgar/data/1579878/000162828025049683/fig-20250930.htm",
            "type": "primary",
            "date": "2025-11-06"
          }
        ]
      },
      "reference_price": null,
      "filings": [
        {
          "form": "8-K (Extended Lock-Up Agreement)",
          "url": "https://www.sec.gov/Archives/edgar/data/1579878/000157987825000026/fig-20250903.htm",
          "filed": "2025-09-03"
        },
        {
          "form": "10-Q",
          "url": "https://www.sec.gov/Archives/edgar/data/1579878/000162828025049683/fig-20250930.htm",
          "filed": "2025-11-06"
        }
      ],
      "verification": {
        "checked": "2026-08-06",
        "method": "The offering arithmetic closes: 36,937,080 shares at $33.00 is $1.219bn of gross proceeds, matching the announced raise of about $1.2bn (12,472,657 primary, 24,464,423 selling stockholders). The standard lock-up arithmetic closes: the reported January 27, 2026 expiry is 180 days after the July 31, 2025 first trade. The August 31, 2026 date is the stated end of the Extended Lock-Up Agreement signed August 30, 2025, reported consistently across the 8-K coverage, S3 Partners commentary and lock-up trackers.",
        "gaps": [
          "sec.gov is unreachable from this environment, so the 8-K containing the Extended Lock-Up Agreement and the 10-Q were not read directly. The 77.7 million share figure rests on coverage of the 8-K, not the filing text.",
          "The greenshoe: whether underwriters exercised the over-allotment could not be confirmed this session, so the option's size and status are left unresolved and the float derivation does not depend on it.",
          "No current independent float figure exists in the sources found; the float published here is a derivation described in the float note.",
          "No regular-session close could be confirmed from two sources this session, so no dollar values are shown for this issuer.",
          "The exact dates and sizes of the quarterly staggered releases through June 2026 under the extended agreement were not recoverable from coverage, so those past releases are described in the notes rather than published as dated rows."
        ]
      },
      "articles": [],
      "notes": "Figma's lock-up history is a study in staggered supply. The original structure released about 25% of locked shares early on September 5, 2025 after a price condition was met, another slug around the Q3 2025 report in November, and the balance at the standard 180-day mark on January 27, 2026. But on August 30, 2025 the company signed an Extended Lock-Up Agreement with holders of about 54.1% of its Class A stock, swapping their January freedom for staggered quarterly releases through June 2026 with the balance held to August 31, 2026. That final balance is the row below, and it is the last scheduled lock-up event on this issuer. The stock's slide from a $115.50 first-day close to the low-$20s by mid-2026 means these shares arrive at a fraction of the prices earlier releases sold into.",
      "tranches": [
        {
          "id": "fig-2026-180-day-expiry",
          "label": "Standard 180-day expiry (non-extended holders)",
          "date": "2026-01-27",
          "date_precision": "day",
          "date_text": null,
          "date_basis": "180 days after the July 31, 2025 first trade, as reported by lock-up trackers ahead of the date",
          "shares": null,
          "shares_note": "No share count is published for this past release: the figures found in coverage could not be reconciled against the register net of the September and November early releases and the extended agreement carve-out, and a number that does not close does not ship.",
          "shares_precision": null,
          "pct_of_restricted_pool": null,
          "holders": "Pre-IPO holders who did not sign the Extended Lock-Up Agreement",
          "status": "released",
          "trigger": null,
          "source_grade": "reported",
          "sources": [
            {
              "url": "https://www.marketbeat.com/instant-alerts/figma-incs-nysefig-lock-up-period-will-end-on-january-27th-2026-01-20/",
              "type": "other",
              "date": "2026-01-20"
            }
          ],
          "notes": "Kept on the calendar as context for the August row: this is the release that freed the non-extended half of the register.",
          "caveat": "Date is reported rather than read from the prospectus; the 180-day arithmetic against the July 31, 2025 first trade supports it.",
          "issuerId": "fig-2026",
          "ticker": "FIG",
          "company": "Figma, Inc.",
          "pctOfFloat": null,
          "pctOfSharesOutstanding": null,
          "pctOfFloatAlt": null,
          "altFloatShares": null,
          "floatMultiple": null,
          "valueUsd": null,
          "valuePrice": null,
          "effectiveDate": "2026-01-27",
          "cumulativeShares": null,
          "floatAfter": null,
          "floatMultipleAfter": null
        },
        {
          "id": "fig-2026-extended-final",
          "label": "Extended Lock-Up Agreement: final release",
          "date": "2026-08-31",
          "date_precision": "day",
          "date_text": null,
          "date_basis": "Stated end date of the Extended Lock-Up Agreement of August 30, 2025, which held about 54.1% of Class A stock past the standard expiry with quarterly releases through June 2026 and the balance freed on this date",
          "shares": 77700000,
          "shares_note": "Approximately 77.7 million Class A shares, per coverage of the company's 8-K. Scale check: that is about 14.7% of the 528.4 million share register, consistent with the extended pool's original ~54% of Class A minus the quarterly releases already made through June 2026.",
          "shares_precision": "approximate",
          "pct_of_restricted_pool": null,
          "holders": "Venture funds and other pre-IPO holders party to the Extended Lock-Up Agreement, about 54.1% of Class A at signing",
          "status": "scheduled",
          "trigger": null,
          "source_grade": "reported",
          "sources": [
            {
              "url": "https://www.stocktitan.net/sec-filings/FIG/8-k-figma-inc-reports-material-event-8e2472f3bc44.html",
              "type": "other",
              "date": "2025-09-03"
            },
            {
              "url": "https://www.s3partners.com/articles/figma-short-build-ahead-of-lockup-expiry",
              "type": "other",
              "date": "2026-08-06"
            }
          ],
          "notes": "Short interest built into this date: S3 Partners reported a post-IPO high in shorted shares with double-digit borrow rates and near-full utilisation ahead of the expiry, so part of the release may be absorbed by short covering rather than hitting bid-side liquidity cold.",
          "caveat": "The share count comes from coverage of the 8-K rather than the filing itself, which could not be retrieved this session. Treat 77.7 million as approximate until the filing is read.",
          "issuerId": "fig-2026",
          "ticker": "FIG",
          "company": "Figma, Inc.",
          "pctOfFloat": 20.943396226415096,
          "pctOfSharesOutstanding": 14.705325712555359,
          "pctOfFloatAlt": null,
          "altFloatShares": null,
          "floatMultiple": 1.209433962264151,
          "valueUsd": null,
          "valuePrice": null,
          "effectiveDate": "2026-08-31",
          "cumulativeShares": 77700000,
          "floatAfter": 448700000,
          "floatMultipleAfter": 1.209433962264151
        }
      ],
      "totals": {
        "countedTranches": 1,
        "uncountedTranches": 1,
        "countedShares": 77700000,
        "pctOfFloatCounted": 20.943396226415096,
        "pctOfSharesOutstandingCounted": 14.705325712555359,
        "floatMultipleAtEnd": 1.209433962264151
      }
    },
    {
      "id": "cbrs-2026",
      "ticker": "CBRS",
      "company": "Cerebras Systems Inc.",
      "exchange": "Nasdaq",
      "updated": "2026-08-06",
      "ipo": {
        "priced": "2026-05-13",
        "first_trade": "2026-05-14",
        "closed": "2026-05-15",
        "price_usd": 185,
        "base_shares": 30000000,
        "greenshoe_shares": 4500000,
        "greenshoe_exercised": true,
        "shares_sold": 34500000,
        "gross_proceeds_usd": 6382500000
      },
      "denominators": {
        "float_shares": 34500000,
        "float_basis": "shares_sold",
        "float_as_of": "2026-08-05",
        "float_note": "All 34,500,000 shares sold at the May 15 closing are counted, including the 4,500,000 over-allotment shares underwriters took up in full. That is the complete offering rather than the base, so percentages of float on this issuer are stated on the wider base.",
        "shares_outstanding": 226530000,
        "shares_outstanding_as_of": "2026-08-05",
        "shares_outstanding_note": "About 226.5 million shares. A separate reading put the count at 222.85 million on July 20, and the gap is consistent with option exercises over two weeks rather than a disagreement. The float is about 15% of the company, so roughly 192 million shares are restricted, which is the ceiling every release below has to fit inside.",
        "sources": [
          {
            "url": "https://stockanalysis.com/stocks/cbrs/statistics/",
            "type": "other",
            "date": "2026-08-05"
          },
          {
            "url": "https://www.sec.gov/Archives/edgar/data/2021728/000162828026035214/cerebras-424b4.htm",
            "type": "primary",
            "date": "2026-05-13"
          }
        ]
      },
      "reference_price": null,
      "filings": [
        {
          "form": "424B4",
          "url": "https://www.sec.gov/Archives/edgar/data/2021728/000162828026035214/cerebras-424b4.htm",
          "filed": "2026-05-13"
        },
        {
          "form": "S-1",
          "url": "https://www.sec.gov/Archives/edgar/data/2021728/000162828026025762/cerebras-sx1april2026.htm",
          "filed": "2026-04-17"
        }
      ],
      "verification": {
        "checked": "2026-08-06",
        "method": "The offering arithmetic closes: 30,000,000 base shares plus a 4,500,000 over-allotment taken up in full is 34,500,000 shares, and at $185 that is $6.38bn of gross proceeds, which matches the announced closing. The main expiry date is calendar arithmetic on a confirmed May 13 prospectus date. The reported tranche share counts were tested against shares outstanding and failed, so they are not published as counts.",
        "gaps": [
          "sec.gov is unreachable from this environment, so neither the 424B4 nor the S-1 lock-up section could be read directly. Everything below rests on the described terms in secondary coverage.",
          "The two reported tranche counts do not close against the share register: a reported early release of over 60 million shares plus a reported 171 million at the main expiry is 231 million, against roughly 192 million restricted shares. At least one figure is wrong, so neither is published.",
          "No regular-session close could be confirmed from two sources this session, so no dollar values are shown for this issuer."
        ]
      },
      "articles": [],
      "notes": "The structure is an earlier-of test rather than a single cliff: the lock-up ends at whichever comes first between two trading days after the quarter ending September 30, 2026 is reported and 180 days after the prospectus date. That makes the November date an outer bound that a reporting date can pull forward, which is the opposite of how a lock-up date is usually read.",
      "tranches": [
        {
          "id": "cbrs-2026-q2-early-release",
          "label": "Early release around the Q2 2026 report",
          "date": null,
          "date_precision": "unscheduled",
          "date_text": "Reported to fall around the Q2 2026 report, which is confirmed for August 12, 2026 after the close. The eligibility date depends on a release mechanism this calendar has not read out of the prospectus.",
          "date_basis": "Reported early-release provision keyed to the Q2 2026 earnings release",
          "shares": null,
          "shares_note": "Reported at over 60 million shares. Not published as a count: it is single-sourced, and adding it to the roughly 171 million reported for the main expiry gives 231 million against roughly 192 million restricted shares, which cannot both be true.",
          "shares_precision": null,
          "pct_of_restricted_pool": null,
          "holders": "Not specified in the coverage that describes the provision",
          "status": "conditional",
          "trigger": {
            "kind": "earnings",
            "price_usd": null,
            "condition": "Reported to release a portion of the restricted shares in connection with the Q2 2026 earnings release.",
            "status": "pending",
            "window_end": null,
            "resolution": "Pending, and only half-resolvable from here. The earnings date is confirmed for August 12 after the close, so the release, if the provision is as described, lands within days of it. What is not resolved is the provision itself, which has not been confirmed against the filing, and the size, which fails the arithmetic against shares outstanding. This row is a date to watch rather than a quantity anything can be built on.",
            "rolls_to": null
          },
          "source_grade": "reported",
          "sources": [
            {
              "url": "https://seekingalpha.com/article/4905797-cerebras-ipo-lockup-comes-fast",
              "type": "other",
              "date": "2026-06-02"
            }
          ],
          "notes": null,
          "caveat": "The provision is single-sourced and was not confirmed against the 424B4, which could not be retrieved. The reported share count does not reconcile against the share register and is therefore not shown.",
          "issuerId": "cbrs-2026",
          "ticker": "CBRS",
          "company": "Cerebras Systems Inc.",
          "pctOfFloat": null,
          "pctOfSharesOutstanding": null,
          "pctOfFloatAlt": null,
          "altFloatShares": null,
          "floatMultiple": null,
          "valueUsd": null,
          "valuePrice": null,
          "effectiveDate": null,
          "cumulativeShares": null,
          "floatAfter": null,
          "floatMultipleAfter": null
        },
        {
          "id": "cbrs-2026-main-expiry",
          "label": "Main lock-up expiry",
          "date": "2026-11-09",
          "date_precision": "approximate",
          "date_basis": "180 days after the May 13, 2026 prospectus date, which is the later half of an earlier-of test against two trading days after the quarter ending September 30, 2026 is reported",
          "shares": null,
          "shares_note": "Reported at roughly 171 million shares, about five times the 34.5 million share offering. Not published as a count for the same reason as the row above: 171 million plus the reported 60 million early release exceeds the roughly 192 million restricted shares implied by 226.5 million outstanding less the 34.5 million float.",
          "shares_precision": null,
          "pct_of_restricted_pool": null,
          "holders": "Directors, officers and holders of substantially all pre-IPO stock",
          "status": "scheduled",
          "trigger": null,
          "source_grade": "reported",
          "sources": [
            {
              "url": "https://seekingalpha.com/article/4905797-cerebras-ipo-lockup-comes-fast",
              "type": "other",
              "date": "2026-06-02"
            },
            {
              "url": "https://www.sec.gov/Archives/edgar/data/2021728/000162828026034800/resales-8xmay2026.htm",
              "type": "primary",
              "date": "2026-05-15"
            }
          ],
          "notes": "November 9 is the outer bound, not a fixture. The lock-up ends at the earlier of that date and two trading days after the September quarter is reported, so a report before about November 5 pulls the expiry forward rather than pushing it back. Most lock-up dates only move later; this one can only move earlier.",
          "caveat": "The date is calendar arithmetic on a confirmed prospectus date and a lock-up structure described in secondary coverage, not read from the filing. The share count is reported and does not reconcile, so it is not shown.",
          "issuerId": "cbrs-2026",
          "ticker": "CBRS",
          "company": "Cerebras Systems Inc.",
          "pctOfFloat": null,
          "pctOfSharesOutstanding": null,
          "pctOfFloatAlt": null,
          "altFloatShares": null,
          "floatMultiple": null,
          "valueUsd": null,
          "valuePrice": null,
          "effectiveDate": "2026-11-09",
          "cumulativeShares": null,
          "floatAfter": null,
          "floatMultipleAfter": null
        }
      ],
      "totals": {
        "countedTranches": 0,
        "uncountedTranches": 2,
        "countedShares": 0,
        "pctOfFloatCounted": null,
        "pctOfSharesOutstandingCounted": null,
        "floatMultipleAtEnd": 1
      }
    },
    {
      "id": "spcx-2026",
      "ticker": "SPCX",
      "company": "Space Exploration Technologies Corp.",
      "exchange": "Nasdaq",
      "updated": "2026-08-17",
      "ipo": {
        "priced": "2026-06-11",
        "first_trade": "2026-06-12",
        "closed": "2026-06-15",
        "price_usd": 135,
        "base_shares": 555555555,
        "greenshoe_shares": 83333333,
        "greenshoe_exercised": true,
        "shares_sold": 638888888,
        "gross_proceeds_usd": 86249999880
      },
      "denominators": {
        "float_shares": 555555555,
        "float_basis": "base_offering",
        "float_as_of": "2026-08-05",
        "float_note": "This float counts the base offering only. Underwriters exercised the over-allotment in full for a further 83,333,333 shares, so 638,888,888 Class A shares were actually sold into public hands at the June 15 closing. Every percentage-of-float on this issuer is therefore stated on the narrower 555.6 million base that this site has published since the IPO; the wider 638.9 million base is shown alongside it on every row so the reader can see how much of the headline percentage is an artefact of which shares got counted.",
        "shares_outstanding": 13100000000,
        "shares_outstanding_as_of": "2026-08-05",
        "shares_outstanding_note": "Roughly 13.1 billion shares across both classes. The float is about 4.2% of the company, which is why a tranche that is small against shares outstanding is enormous against the float.",
        "sources": [
          {
            "url": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm",
            "type": "primary",
            "date": "2026-06-11"
          },
          {
            "url": "https://www.axios.com/2026/07/17/spacex-lockup-stock-selloff",
            "type": "tier1",
            "date": "2026-07-17"
          }
        ]
      },
      "reference_price": {
        "usd": 125.33,
        "session": "close",
        "as_of": "2026-08-04",
        "note": "The regular-session close on August 4, up 9.4%, which happened before the Q2 print landed after the bell. Dollar values on this page are that close multiplied by the share count and move with the stock: the same 911.5 million shares were quoted at about $123bn, $116bn and $100bn inside two weeks purely because the price moved.",
        "sources": [
          {
            "url": "https://www.fool.com/investing/2026/08/05/spacexs-lockup-expires-on-aug-6-heres-why-9115-mil/",
            "type": "other",
            "date": "2026-08-05"
          },
          {
            "url": "https://finance.yahoo.com/markets/stocks/articles/spacex-lockup-expiry-morgan-stanley-173155091.html",
            "type": "tier1",
            "date": "2026-08-04"
          }
        ]
      },
      "filings": [
        {
          "form": "424B4",
          "url": "https://www.sec.gov/Archives/edgar/data/1181412/000162828026042639/spaceexplorationtechnologi.htm",
          "filed": "2026-06-11"
        }
      ],
      "verification": {
        "checked": "2026-08-17",
        "method": "Reconciled against the figures already published across this site and against outside coverage of the release schedule. The offering arithmetic closes: 555,555,555 base plus 83,333,333 over-allotment is 638,888,888 shares, and at $135 that is $86.2bn of gross proceeds against the reported $85.7bn of net proceeds. The 180-day date of December 8 reconciles to a June 11 prospectus date, and the day-70, day-90, day-105, day-120 and day-135 dates reconcile to the June 11 prospectus date (restated 2026-08-17 from the June 12 first-trade basis, which ran one day later).",
        "gaps": [
          "The prospectus itself could not be re-read this session: sec.gov is unreachable from this environment, so the lock-up terms here rest on published coverage rather than on the filing text.",
          "The restricted pool of roughly 4.6 billion shares is derived from the first tranche being 20% of it, not read out of a filing. Every 7% tranche count depends on that derivation.",
          "The float is the base offering only and excludes the exercised greenshoe. See float_note.",
          "The reference price behind every dollar value is the August 4 close. No later close could be confirmed from two sources, and this stock has moved 9% in a session, so treat the dollar column as a snapshot struck on August 4 rather than a current valuation."
        ]
      },
      "articles": [
        "spcx-august-6-unlock-911-million-shares-flood-market",
        "spcx-lockup-put-options-play-or-contrarian-call",
        "spacex-spcx-q2-2026-first-earnings-results"
      ],
      "notes": "The lock-up is a staircase rather than a cliff: 20% released off the Q2 report, then five 7% tranches at fixed day counts every two to four weeks into late October, then an earnings-triggered release at Q3, then the balance at the 180-day mark. The design reduces the size of any single shock and replaces it with four months of scheduled, known supply. Two different day-count bases run at once: the fixed milestones count from the June 12 first trade, while the 180-day expiry counts from the June 11 prospectus date.",
      "tranches": [
        {
          "id": "spcx-2026-q2-earnings-release",
          "label": "First release, triggered by Q2 2026 earnings",
          "date": "2026-08-06",
          "date_precision": "day",
          "date_basis": "Second trading day after the Q2 2026 report, which landed after the close on August 4, 2026",
          "shares": 911500000,
          "shares_precision": "approximate",
          "pct_of_restricted_pool": 20,
          "holders": "Employees and pre-IPO investors, excluding the founder and the selected insiders locked until 2027",
          "status": "scheduled",
          "trigger": null,
          "source_grade": "tier1",
          "sources": [
            {
              "url": "https://www.fool.com/investing/2026/08/05/spacexs-lockup-expires-on-aug-6-heres-why-9115-mil/",
              "type": "other",
              "date": "2026-08-05"
            },
            {
              "url": "https://www.axios.com/2026/07/17/spacex-lockup-stock-selloff",
              "type": "tier1",
              "date": "2026-07-17"
            }
          ],
          "notes": "More stock turns sellable on this one day than the entire offering that created the public float. The sequencing is hostile: the report with the most uncertainty is wired directly to the date with the most supply, 48 hours apart.",
          "caveat": null,
          "issuerId": "spcx-2026",
          "ticker": "SPCX",
          "company": "Space Exploration Technologies Corp.",
          "pctOfFloat": 164.07000016407,
          "pctOfSharesOutstanding": 6.958015267175573,
          "pctOfFloatAlt": 142.6695654158881,
          "altFloatShares": 638888888,
          "floatMultiple": 2.6407000016407,
          "valueUsd": 114238295000,
          "valuePrice": {
            "usd": 125.33,
            "session": "close",
            "as_of": "2026-08-04",
            "note": "The regular-session close on August 4, up 9.4%, which happened before the Q2 print landed after the bell. Dollar values on this page are that close multiplied by the share count and move with the stock: the same 911.5 million shares were quoted at about $123bn, $116bn and $100bn inside two weeks purely because the price moved.",
            "sources": [
              {
                "url": "https://www.fool.com/investing/2026/08/05/spacexs-lockup-expires-on-aug-6-heres-why-9115-mil/",
                "type": "other",
                "date": "2026-08-05"
              },
              {
                "url": "https://finance.yahoo.com/markets/stocks/articles/spacex-lockup-expiry-morgan-stanley-173155091.html",
                "type": "tier1",
                "date": "2026-08-04"
              }
            ]
          },
          "effectiveDate": "2026-08-06",
          "cumulativeShares": 911500000,
          "floatAfter": 1467055555,
          "floatMultipleAfter": 2.6407000016407
        },
        {
          "id": "spcx-2026-conditional-early-release",
          "label": "Conditional early release, price trigger",
          "date": null,
          "date_precision": "unscheduled",
          "date_text": "Would have released alongside the August 6 tranche. The condition failed, so these shares roll to December 8.",
          "date_basis": "Price condition measured across the 10 trading days running into the Q2 2026 report",
          "shares": 455800000,
          "shares_precision": "approximate",
          "pct_of_restricted_pool": null,
          "holders": "Same pool as the August 6 release",
          "status": "rolled",
          "trigger": {
            "kind": "price",
            "price_usd": 175.5,
            "condition": "SPCX had to close at or above $175.50 on at least 5 of the 10 trading days in the window running into Q2 earnings. That level is 30% above the $135 IPO price.",
            "status": "not_met",
            "window_end": "2026-08-04",
            "resolution": "Not met, and it was never close. The stock traded near $110 through most of the window and its best close in it was $125.33 on August 4, about 29% below the trigger, which then had to be cleared five times in ten sessions. The shares do not disappear: they roll into the December 8 release, making that date larger.",
            "rolls_to": "spcx-2026-180-day-balance"
          },
          "source_grade": "tier1",
          "sources": [
            {
              "url": "https://www.axios.com/2026/07/17/spacex-lockup-stock-selloff",
              "type": "tier1",
              "date": "2026-07-17"
            },
            {
              "url": "https://www.investing.com/analysis/spacex-lockup-countdown-when-shares-may-become-safer-to-buy-200682574",
              "type": "other",
              "date": "2026-07-20"
            }
          ],
          "notes": "This is the row that shows why an unresolved condition is worse than useless. Left as \"a further 455.8 million shares could release under certain conditions\" it is a frightening number a reader can do nothing with. Resolved against the price it needed, it is a non-event in August and a December problem.",
          "caveat": null,
          "issuerId": "spcx-2026",
          "ticker": "SPCX",
          "company": "Space Exploration Technologies Corp.",
          "pctOfFloat": 82.044000082044,
          "pctOfSharesOutstanding": 3.479389312977099,
          "pctOfFloatAlt": 71.34260879491146,
          "altFloatShares": 638888888,
          "floatMultiple": 1.82044000082044,
          "valueUsd": 57125414000,
          "valuePrice": {
            "usd": 125.33,
            "session": "close",
            "as_of": "2026-08-04",
            "note": "The regular-session close on August 4, up 9.4%, which happened before the Q2 print landed after the bell. Dollar values on this page are that close multiplied by the share count and move with the stock: the same 911.5 million shares were quoted at about $123bn, $116bn and $100bn inside two weeks purely because the price moved.",
            "sources": [
              {
                "url": "https://www.fool.com/investing/2026/08/05/spacexs-lockup-expires-on-aug-6-heres-why-9115-mil/",
                "type": "other",
                "date": "2026-08-05"
              },
              {
                "url": "https://finance.yahoo.com/markets/stocks/articles/spacex-lockup-expiry-morgan-stanley-173155091.html",
                "type": "tier1",
                "date": "2026-08-04"
              }
            ]
          },
          "effectiveDate": "2026-12-08",
          "cumulativeShares": null,
          "floatAfter": null,
          "floatMultipleAfter": null
        },
        {
          "id": "spcx-2026-day-70",
          "label": "Day-70 tranche",
          "date": "2026-08-20",
          "date_precision": "approximate",
          "date_basis": "70 calendar days after the June 11, 2026 prospectus date, per the prospectus language reported by CNBC",
          "shares": 319000000,
          "shares_precision": "derived",
          "pct_of_restricted_pool": 7,
          "holders": "Employees and pre-IPO investors",
          "status": "scheduled",
          "trigger": null,
          "source_grade": "reported",
          "sources": [
            {
              "url": "https://www.fool.com/investing/2026/07/19/spacexs-ipo-lockup-starts-expiring-in-august-heres/",
              "type": "other",
              "date": "2026-07-19"
            },
            {
              "url": "https://darrowwealthmanagement.com/blog/spacex-ipo-employee-lockup-release-dates/",
              "type": "other",
              "date": "2026-07-28"
            },
            {
              "url": "https://www.cnbc.com/2026/08/06/spacex-faces-test-as-shares-unlock-allowing-early-investors-cash-out.html",
              "type": "tier1",
              "date": "2026-08-06"
            },
            {
              "url": "https://protos.com/confusion-surrounds-spacexs-next-share-unlock/",
              "type": "other",
              "date": "2026-08-14"
            }
          ],
          "notes": "One 7% tranche is about 57% of the entire pre-August float on its own.",
          "caveat": "The share count is derived, not filed: 7% of a restricted pool of roughly 4.6 billion shares, where the pool itself is backed out of the first tranche being 20% of it. Two independent readings land near 319 million, one of them by a different route (about 2.44% of shares outstanding), which is corroboration rather than confirmation. Until August 17 this site counted the fixed-day tranches from the June 12 first trade, one day later; the dates were restated to the prospectus-date basis after CNBC read the day-70 release off the prospectus as August 20.",
          "issuerId": "spcx-2026",
          "ticker": "SPCX",
          "company": "Space Exploration Technologies Corp.",
          "pctOfFloat": 57.42000005742,
          "pctOfSharesOutstanding": 2.435114503816794,
          "pctOfFloatAlt": 49.93043485207713,
          "altFloatShares": 638888888,
          "floatMultiple": 1.5742000005742,
          "valueUsd": 39980270000,
          "valuePrice": {
            "usd": 125.33,
            "session": "close",
            "as_of": "2026-08-04",
            "note": "The regular-session close on August 4, up 9.4%, which happened before the Q2 print landed after the bell. Dollar values on this page are that close multiplied by the share count and move with the stock: the same 911.5 million shares were quoted at about $123bn, $116bn and $100bn inside two weeks purely because the price moved.",
            "sources": [
              {
                "url": "https://www.fool.com/investing/2026/08/05/spacexs-lockup-expires-on-aug-6-heres-why-9115-mil/",
                "type": "other",
                "date": "2026-08-05"
              },
              {
                "url": "https://finance.yahoo.com/markets/stocks/articles/spacex-lockup-expiry-morgan-stanley-173155091.html",
                "type": "tier1",
                "date": "2026-08-04"
              }
            ]
          },
          "effectiveDate": "2026-08-20",
          "cumulativeShares": 1230500000,
          "floatAfter": 1786055555,
          "floatMultipleAfter": 3.2149000022149
        },
        {
          "id": "spcx-2026-day-90",
          "label": "Day-90 tranche",
          "date": "2026-09-09",
          "date_precision": "approximate",
          "date_basis": "90 calendar days after the June 11, 2026 prospectus date, per the prospectus language reported by CNBC",
          "shares": 319000000,
          "shares_precision": "derived",
          "pct_of_restricted_pool": 7,
          "holders": "Employees and pre-IPO investors",
          "status": "scheduled",
          "trigger": null,
          "source_grade": "reported",
          "sources": [
            {
              "url": "https://www.fool.com/investing/2026/07/19/spacexs-ipo-lockup-starts-expiring-in-august-heres/",
              "type": "other",
              "date": "2026-07-19"
            },
            {
              "url": "https://darrowwealthmanagement.com/blog/spacex-ipo-employee-lockup-release-dates/",
              "type": "other",
              "date": "2026-07-28"
            }
          ],
          "notes": null,
          "caveat": "Share count derived from the 7% tranche size against a restricted pool that is itself derived. See the day-70 row. Until August 17 this site counted the fixed-day tranches from the June 12 first trade, one day later; the dates were restated to the prospectus-date basis after CNBC read the day-70 release off the prospectus as August 20.",
          "issuerId": "spcx-2026",
          "ticker": "SPCX",
          "company": "Space Exploration Technologies Corp.",
          "pctOfFloat": 57.42000005742,
          "pctOfSharesOutstanding": 2.435114503816794,
          "pctOfFloatAlt": 49.93043485207713,
          "altFloatShares": 638888888,
          "floatMultiple": 1.5742000005742,
          "valueUsd": 39980270000,
          "valuePrice": {
            "usd": 125.33,
            "session": "close",
            "as_of": "2026-08-04",
            "note": "The regular-session close on August 4, up 9.4%, which happened before the Q2 print landed after the bell. Dollar values on this page are that close multiplied by the share count and move with the stock: the same 911.5 million shares were quoted at about $123bn, $116bn and $100bn inside two weeks purely because the price moved.",
            "sources": [
              {
                "url": "https://www.fool.com/investing/2026/08/05/spacexs-lockup-expires-on-aug-6-heres-why-9115-mil/",
                "type": "other",
                "date": "2026-08-05"
              },
              {
                "url": "https://finance.yahoo.com/markets/stocks/articles/spacex-lockup-expiry-morgan-stanley-173155091.html",
                "type": "tier1",
                "date": "2026-08-04"
              }
            ]
          },
          "effectiveDate": "2026-09-09",
          "cumulativeShares": 1549500000,
          "floatAfter": 2105055555,
          "floatMultipleAfter": 3.7891000027891
        },
        {
          "id": "spcx-2026-day-105",
          "label": "Day-105 tranche",
          "date": "2026-09-24",
          "date_precision": "approximate",
          "date_basis": "105 calendar days after the June 11, 2026 prospectus date, per the prospectus language reported by CNBC",
          "shares": 319000000,
          "shares_precision": "derived",
          "pct_of_restricted_pool": 7,
          "holders": "Employees and pre-IPO investors",
          "status": "scheduled",
          "trigger": null,
          "source_grade": "reported",
          "sources": [
            {
              "url": "https://www.fool.com/investing/2026/07/19/spacexs-ipo-lockup-starts-expiring-in-august-heres/",
              "type": "other",
              "date": "2026-07-19"
            },
            {
              "url": "https://darrowwealthmanagement.com/blog/spacex-ipo-employee-lockup-release-dates/",
              "type": "other",
              "date": "2026-07-28"
            }
          ],
          "notes": null,
          "caveat": "Share count derived from the 7% tranche size against a restricted pool that is itself derived. See the day-70 row. Until August 17 this site counted the fixed-day tranches from the June 12 first trade, one day later; the dates were restated to the prospectus-date basis after CNBC read the day-70 release off the prospectus as August 20.",
          "issuerId": "spcx-2026",
          "ticker": "SPCX",
          "company": "Space Exploration Technologies Corp.",
          "pctOfFloat": 57.42000005742,
          "pctOfSharesOutstanding": 2.435114503816794,
          "pctOfFloatAlt": 49.93043485207713,
          "altFloatShares": 638888888,
          "floatMultiple": 1.5742000005742,
          "valueUsd": 39980270000,
          "valuePrice": {
            "usd": 125.33,
            "session": "close",
            "as_of": "2026-08-04",
            "note": "The regular-session close on August 4, up 9.4%, which happened before the Q2 print landed after the bell. Dollar values on this page are that close multiplied by the share count and move with the stock: the same 911.5 million shares were quoted at about $123bn, $116bn and $100bn inside two weeks purely because the price moved.",
            "sources": [
              {
                "url": "https://www.fool.com/investing/2026/08/05/spacexs-lockup-expires-on-aug-6-heres-why-9115-mil/",
                "type": "other",
                "date": "2026-08-05"
              },
              {
                "url": "https://finance.yahoo.com/markets/stocks/articles/spacex-lockup-expiry-morgan-stanley-173155091.html",
                "type": "tier1",
                "date": "2026-08-04"
              }
            ]
          },
          "effectiveDate": "2026-09-24",
          "cumulativeShares": 1868500000,
          "floatAfter": 2424055555,
          "floatMultipleAfter": 4.3633000033633
        },
        {
          "id": "spcx-2026-day-120",
          "label": "Day-120 tranche",
          "date": "2026-10-09",
          "date_precision": "approximate",
          "date_basis": "120 calendar days after the June 11, 2026 prospectus date, per the prospectus language reported by CNBC",
          "shares": 319000000,
          "shares_precision": "derived",
          "pct_of_restricted_pool": 7,
          "holders": "Employees and pre-IPO investors",
          "status": "scheduled",
          "trigger": null,
          "source_grade": "reported",
          "sources": [
            {
              "url": "https://www.fool.com/investing/2026/07/19/spacexs-ipo-lockup-starts-expiring-in-august-heres/",
              "type": "other",
              "date": "2026-07-19"
            },
            {
              "url": "https://darrowwealthmanagement.com/blog/spacex-ipo-employee-lockup-release-dates/",
              "type": "other",
              "date": "2026-07-28"
            }
          ],
          "notes": null,
          "caveat": "Share count derived from the 7% tranche size against a restricted pool that is itself derived. See the day-70 row. Until August 17 this site counted the fixed-day tranches from the June 12 first trade, one day later; the dates were restated to the prospectus-date basis after CNBC read the day-70 release off the prospectus as August 20.",
          "issuerId": "spcx-2026",
          "ticker": "SPCX",
          "company": "Space Exploration Technologies Corp.",
          "pctOfFloat": 57.42000005742,
          "pctOfSharesOutstanding": 2.435114503816794,
          "pctOfFloatAlt": 49.93043485207713,
          "altFloatShares": 638888888,
          "floatMultiple": 1.5742000005742,
          "valueUsd": 39980270000,
          "valuePrice": {
            "usd": 125.33,
            "session": "close",
            "as_of": "2026-08-04",
            "note": "The regular-session close on August 4, up 9.4%, which happened before the Q2 print landed after the bell. Dollar values on this page are that close multiplied by the share count and move with the stock: the same 911.5 million shares were quoted at about $123bn, $116bn and $100bn inside two weeks purely because the price moved.",
            "sources": [
              {
                "url": "https://www.fool.com/investing/2026/08/05/spacexs-lockup-expires-on-aug-6-heres-why-9115-mil/",
                "type": "other",
                "date": "2026-08-05"
              },
              {
                "url": "https://finance.yahoo.com/markets/stocks/articles/spacex-lockup-expiry-morgan-stanley-173155091.html",
                "type": "tier1",
                "date": "2026-08-04"
              }
            ]
          },
          "effectiveDate": "2026-10-09",
          "cumulativeShares": 2187500000,
          "floatAfter": 2743055555,
          "floatMultipleAfter": 4.9375000039375
        },
        {
          "id": "spcx-2026-day-135",
          "label": "Day-135 tranche",
          "date": "2026-10-24",
          "date_precision": "approximate",
          "date_basis": "135 calendar days after the June 11, 2026 prospectus date, per the prospectus language reported by CNBC",
          "shares": 319000000,
          "shares_precision": "derived",
          "pct_of_restricted_pool": 7,
          "holders": "Employees and pre-IPO investors",
          "status": "scheduled",
          "trigger": null,
          "source_grade": "reported",
          "sources": [
            {
              "url": "https://www.fool.com/investing/2026/07/19/spacexs-ipo-lockup-starts-expiring-in-august-heres/",
              "type": "other",
              "date": "2026-07-19"
            },
            {
              "url": "https://darrowwealthmanagement.com/blog/spacex-ipo-employee-lockup-release-dates/",
              "type": "other",
              "date": "2026-07-28"
            }
          ],
          "notes": null,
          "caveat": "Share count derived from the 7% tranche size against a restricted pool that is itself derived. See the day-70 row. Until August 17 this site counted the fixed-day tranches from the June 12 first trade, one day later; the dates were restated to the prospectus-date basis after CNBC read the day-70 release off the prospectus as August 20.",
          "issuerId": "spcx-2026",
          "ticker": "SPCX",
          "company": "Space Exploration Technologies Corp.",
          "pctOfFloat": 57.42000005742,
          "pctOfSharesOutstanding": 2.435114503816794,
          "pctOfFloatAlt": 49.93043485207713,
          "altFloatShares": 638888888,
          "floatMultiple": 1.5742000005742,
          "valueUsd": 39980270000,
          "valuePrice": {
            "usd": 125.33,
            "session": "close",
            "as_of": "2026-08-04",
            "note": "The regular-session close on August 4, up 9.4%, which happened before the Q2 print landed after the bell. Dollar values on this page are that close multiplied by the share count and move with the stock: the same 911.5 million shares were quoted at about $123bn, $116bn and $100bn inside two weeks purely because the price moved.",
            "sources": [
              {
                "url": "https://www.fool.com/investing/2026/08/05/spacexs-lockup-expires-on-aug-6-heres-why-9115-mil/",
                "type": "other",
                "date": "2026-08-05"
              },
              {
                "url": "https://finance.yahoo.com/markets/stocks/articles/spacex-lockup-expiry-morgan-stanley-173155091.html",
                "type": "tier1",
                "date": "2026-08-04"
              }
            ]
          },
          "effectiveDate": "2026-10-24",
          "cumulativeShares": 2506500000,
          "floatAfter": 3062055555,
          "floatMultipleAfter": 5.5117000045117
        },
        {
          "id": "spcx-2026-q3-earnings-release",
          "label": "Q3 2026 earnings-triggered release",
          "date": null,
          "date_precision": "unscheduled",
          "date_text": "Two trading days after SpaceX reports Q3 2026 results. No reporting date has been announced; coverage that has modelled it puts the release in late October or November.",
          "date_basis": "Keyed to the Q3 2026 earnings release, the same mechanism that produced the August 6 date",
          "shares": null,
          "shares_note": "Reported as about 28% of the 180-day pool, which against the derived 4.6 billion share pool is on the order of 1.3 billion shares. No count is published here because the pool size is itself backed out of the first tranche rather than read from the prospectus, so a figure that large would carry a derivation two steps deep.",
          "shares_precision": null,
          "pct_of_restricted_pool": 28,
          "holders": "Employees and pre-IPO investors",
          "status": "conditional",
          "trigger": {
            "kind": "earnings",
            "price_usd": null,
            "condition": "Releases a set number of trading days after SpaceX reports its Q3 2026 results.",
            "status": "pending",
            "window_end": null,
            "resolution": "Pending, and it is a date question rather than a condition question: the release itself is not in doubt, only when it lands. SpaceX has not announced a Q3 reporting date. The August 6 tranche released on the second trading day after the August 4 report, so the same offset applied to a Q3 date is the working assumption until the company schedules it.",
            "rolls_to": null
          },
          "source_grade": "reported",
          "sources": [
            {
              "url": "https://www.fool.com/investing/2026/07/19/spacexs-ipo-lockup-starts-expiring-in-august-heres/",
              "type": "other",
              "date": "2026-07-19"
            }
          ],
          "notes": "On the reported percentages this is the single largest release in the schedule, larger than August 6, and it is the one with no date on it.",
          "caveat": "Both the 28% share and the timing are reported rather than filed, and the reporting date that fixes the release has not been announced.",
          "issuerId": "spcx-2026",
          "ticker": "SPCX",
          "company": "Space Exploration Technologies Corp.",
          "pctOfFloat": null,
          "pctOfSharesOutstanding": null,
          "pctOfFloatAlt": null,
          "altFloatShares": 638888888,
          "floatMultiple": null,
          "valueUsd": null,
          "valuePrice": {
            "usd": 125.33,
            "session": "close",
            "as_of": "2026-08-04",
            "note": "The regular-session close on August 4, up 9.4%, which happened before the Q2 print landed after the bell. Dollar values on this page are that close multiplied by the share count and move with the stock: the same 911.5 million shares were quoted at about $123bn, $116bn and $100bn inside two weeks purely because the price moved.",
            "sources": [
              {
                "url": "https://www.fool.com/investing/2026/08/05/spacexs-lockup-expires-on-aug-6-heres-why-9115-mil/",
                "type": "other",
                "date": "2026-08-05"
              },
              {
                "url": "https://finance.yahoo.com/markets/stocks/articles/spacex-lockup-expiry-morgan-stanley-173155091.html",
                "type": "tier1",
                "date": "2026-08-04"
              }
            ]
          },
          "effectiveDate": null,
          "cumulativeShares": null,
          "floatAfter": null,
          "floatMultipleAfter": null
        },
        {
          "id": "spcx-2026-180-day-balance",
          "label": "180-day expiry: the balance",
          "date": "2026-12-08",
          "date_precision": "day",
          "date_basis": "180 days after the June 11, 2026 prospectus date",
          "shares": null,
          "shares_note": "Everything left in the 180-day pool, plus the 455.8 million shares whose price condition failed and rolled here. No count is published because the pool total is derived rather than filed, so a residual computed from it would inherit that derivation.",
          "shares_precision": null,
          "pct_of_restricted_pool": null,
          "holders": "Everyone in the 180-day pool who has not already been released",
          "status": "scheduled",
          "trigger": null,
          "source_grade": "tier1",
          "sources": [
            {
              "url": "https://www.axios.com/2026/07/17/spacex-lockup-stock-selloff",
              "type": "tier1",
              "date": "2026-07-17"
            },
            {
              "url": "https://www.fool.com/investing/2026/07/19/spacexs-ipo-lockup-starts-expiring-in-august-heres/",
              "type": "other",
              "date": "2026-07-19"
            }
          ],
          "notes": "This is where the failed price trigger lands. A condition that could not fire in August is not a condition that went away.",
          "caveat": null,
          "issuerId": "spcx-2026",
          "ticker": "SPCX",
          "company": "Space Exploration Technologies Corp.",
          "pctOfFloat": null,
          "pctOfSharesOutstanding": null,
          "pctOfFloatAlt": null,
          "altFloatShares": 638888888,
          "floatMultiple": null,
          "valueUsd": null,
          "valuePrice": {
            "usd": 125.33,
            "session": "close",
            "as_of": "2026-08-04",
            "note": "The regular-session close on August 4, up 9.4%, which happened before the Q2 print landed after the bell. Dollar values on this page are that close multiplied by the share count and move with the stock: the same 911.5 million shares were quoted at about $123bn, $116bn and $100bn inside two weeks purely because the price moved.",
            "sources": [
              {
                "url": "https://www.fool.com/investing/2026/08/05/spacexs-lockup-expires-on-aug-6-heres-why-9115-mil/",
                "type": "other",
                "date": "2026-08-05"
              },
              {
                "url": "https://finance.yahoo.com/markets/stocks/articles/spacex-lockup-expiry-morgan-stanley-173155091.html",
                "type": "tier1",
                "date": "2026-08-04"
              }
            ]
          },
          "effectiveDate": "2026-12-08",
          "cumulativeShares": null,
          "floatAfter": null,
          "floatMultipleAfter": null
        },
        {
          "id": "spcx-2027-insider-lockup",
          "label": "Founder and selected insiders",
          "date": null,
          "date_precision": "unscheduled",
          "date_text": "Mid-2027. No specific date has been published.",
          "date_basis": "A separate and longer lock-up covering the founder and a selected group of insiders",
          "shares": null,
          "shares_note": "Not disclosed as a tranche. Musk holds about 42% of the equity and more than 80% of the voting power through Class B stock, which against 13.1 billion shares outstanding is on the order of 5 billion shares, but the locked group is not itemised and that arithmetic is ours rather than the company's.",
          "shares_precision": null,
          "pct_of_restricted_pool": null,
          "holders": "Elon Musk and a selected group of insiders",
          "status": "scheduled",
          "trigger": null,
          "source_grade": "tier1",
          "sources": [
            {
              "url": "https://www.axios.com/2026/07/17/spacex-lockup-stock-selloff",
              "type": "tier1",
              "date": "2026-07-17"
            },
            {
              "url": "https://darrowwealthmanagement.com/blog/spacex-ipo-employee-lockup-release-dates/",
              "type": "other",
              "date": "2026-07-28"
            }
          ],
          "notes": "The most underweighted line in the whole schedule. The single largest holder is mechanically absent from every 2026 date on this calendar, which removes the worst-case supply scenario for eighteen months.",
          "caveat": null,
          "issuerId": "spcx-2026",
          "ticker": "SPCX",
          "company": "Space Exploration Technologies Corp.",
          "pctOfFloat": null,
          "pctOfSharesOutstanding": null,
          "pctOfFloatAlt": null,
          "altFloatShares": 638888888,
          "floatMultiple": null,
          "valueUsd": null,
          "valuePrice": {
            "usd": 125.33,
            "session": "close",
            "as_of": "2026-08-04",
            "note": "The regular-session close on August 4, up 9.4%, which happened before the Q2 print landed after the bell. Dollar values on this page are that close multiplied by the share count and move with the stock: the same 911.5 million shares were quoted at about $123bn, $116bn and $100bn inside two weeks purely because the price moved.",
            "sources": [
              {
                "url": "https://www.fool.com/investing/2026/08/05/spacexs-lockup-expires-on-aug-6-heres-why-9115-mil/",
                "type": "other",
                "date": "2026-08-05"
              },
              {
                "url": "https://finance.yahoo.com/markets/stocks/articles/spacex-lockup-expiry-morgan-stanley-173155091.html",
                "type": "tier1",
                "date": "2026-08-04"
              }
            ]
          },
          "effectiveDate": null,
          "cumulativeShares": null,
          "floatAfter": null,
          "floatMultipleAfter": null
        }
      ],
      "totals": {
        "countedTranches": 7,
        "uncountedTranches": 3,
        "countedShares": 2962300000,
        "pctOfFloatCounted": 533.214000533214,
        "pctOfSharesOutstandingCounted": 22.61297709923664,
        "floatMultipleAtEnd": 6.33214000533214
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    }
  ],
  "upcoming": [
    {
      "id": "fig-2026-extended-final",
      "label": "Extended Lock-Up Agreement: final release",
      "date": "2026-08-31",
      "date_precision": "day",
      "date_text": null,
      "date_basis": "Stated end date of the Extended Lock-Up Agreement of August 30, 2025, which held about 54.1% of Class A stock past the standard expiry with quarterly releases through June 2026 and the balance freed on this date",
      "shares": 77700000,
      "shares_note": "Approximately 77.7 million Class A shares, per coverage of the company's 8-K. Scale check: that is about 14.7% of the 528.4 million share register, consistent with the extended pool's original ~54% of Class A minus the quarterly releases already made through June 2026.",
      "shares_precision": "approximate",
      "pct_of_restricted_pool": null,
      "holders": "Venture funds and other pre-IPO holders party to the Extended Lock-Up Agreement, about 54.1% of Class A at signing",
      "status": "scheduled",
      "trigger": null,
      "source_grade": "reported",
      "sources": [
        {
          "url": "https://www.stocktitan.net/sec-filings/FIG/8-k-figma-inc-reports-material-event-8e2472f3bc44.html",
          "type": "other",
          "date": "2025-09-03"
        },
        {
          "url": "https://www.s3partners.com/articles/figma-short-build-ahead-of-lockup-expiry",
          "type": "other",
          "date": "2026-08-06"
        }
      ],
      "notes": "Short interest built into this date: S3 Partners reported a post-IPO high in shorted shares with double-digit borrow rates and near-full utilisation ahead of the expiry, so part of the release may be absorbed by short covering rather than hitting bid-side liquidity cold.",
      "caveat": "The share count comes from coverage of the 8-K rather than the filing itself, which could not be retrieved this session. Treat 77.7 million as approximate until the filing is read.",
      "issuerId": "fig-2026",
      "ticker": "FIG",
      "company": "Figma, Inc.",
      "pctOfFloat": 20.943396226415096,
      "pctOfSharesOutstanding": 14.705325712555359,
      "pctOfFloatAlt": null,
      "altFloatShares": null,
      "floatMultiple": 1.209433962264151,
      "valueUsd": null,
      "valuePrice": null,
      "effectiveDate": "2026-08-31",
      "cumulativeShares": 77700000,
      "floatAfter": 448700000,
      "floatMultipleAfter": 1.209433962264151
    },
    {
      "id": "spcx-2026-day-90",
      "label": "Day-90 tranche",
      "date": "2026-09-09",
      "date_precision": "approximate",
      "date_basis": "90 calendar days after the June 11, 2026 prospectus date, per the prospectus language reported by CNBC",
      "shares": 319000000,
      "shares_precision": "derived",
      "pct_of_restricted_pool": 7,
      "holders": "Employees and pre-IPO investors",
      "status": "scheduled",
      "trigger": null,
      "source_grade": "reported",
      "sources": [
        {
          "url": "https://www.fool.com/investing/2026/07/19/spacexs-ipo-lockup-starts-expiring-in-august-heres/",
          "type": "other",
          "date": "2026-07-19"
        },
        {
          "url": "https://darrowwealthmanagement.com/blog/spacex-ipo-employee-lockup-release-dates/",
          "type": "other",
          "date": "2026-07-28"
        }
      ],
      "notes": null,
      "caveat": "Share count derived from the 7% tranche size against a restricted pool that is itself derived. See the day-70 row. Until August 17 this site counted the fixed-day tranches from the June 12 first trade, one day later; the dates were restated to the prospectus-date basis after CNBC read the day-70 release off the prospectus as August 20.",
      "issuerId": "spcx-2026",
      "ticker": "SPCX",
      "company": "Space Exploration Technologies Corp.",
      "pctOfFloat": 57.42000005742,
      "pctOfSharesOutstanding": 2.435114503816794,
      "pctOfFloatAlt": 49.93043485207713,
      "altFloatShares": 638888888,
      "floatMultiple": 1.5742000005742,
      "valueUsd": 39980270000,
      "valuePrice": {
        "usd": 125.33,
        "session": "close",
        "as_of": "2026-08-04",
        "note": "The regular-session close on August 4, up 9.4%, which happened before the Q2 print landed after the bell. Dollar values on this page are that close multiplied by the share count and move with the stock: the same 911.5 million shares were quoted at about $123bn, $116bn and $100bn inside two weeks purely because the price moved.",
        "sources": [
          {
            "url": "https://www.fool.com/investing/2026/08/05/spacexs-lockup-expires-on-aug-6-heres-why-9115-mil/",
            "type": "other",
            "date": "2026-08-05"
          },
          {
            "url": "https://finance.yahoo.com/markets/stocks/articles/spacex-lockup-expiry-morgan-stanley-173155091.html",
            "type": "tier1",
            "date": "2026-08-04"
          }
        ]
      },
      "effectiveDate": "2026-09-09",
      "cumulativeShares": 1549500000,
      "floatAfter": 2105055555,
      "floatMultipleAfter": 3.7891000027891
    },
    {
      "id": "spcx-2026-day-105",
      "label": "Day-105 tranche",
      "date": "2026-09-24",
      "date_precision": "approximate",
      "date_basis": "105 calendar days after the June 11, 2026 prospectus date, per the prospectus language reported by CNBC",
      "shares": 319000000,
      "shares_precision": "derived",
      "pct_of_restricted_pool": 7,
      "holders": "Employees and pre-IPO investors",
      "status": "scheduled",
      "trigger": null,
      "source_grade": "reported",
      "sources": [
        {
          "url": "https://www.fool.com/investing/2026/07/19/spacexs-ipo-lockup-starts-expiring-in-august-heres/",
          "type": "other",
          "date": "2026-07-19"
        },
        {
          "url": "https://darrowwealthmanagement.com/blog/spacex-ipo-employee-lockup-release-dates/",
          "type": "other",
          "date": "2026-07-28"
        }
      ],
      "notes": null,
      "caveat": "Share count derived from the 7% tranche size against a restricted pool that is itself derived. See the day-70 row. Until August 17 this site counted the fixed-day tranches from the June 12 first trade, one day later; the dates were restated to the prospectus-date basis after CNBC read the day-70 release off the prospectus as August 20.",
      "issuerId": "spcx-2026",
      "ticker": "SPCX",
      "company": "Space Exploration Technologies Corp.",
      "pctOfFloat": 57.42000005742,
      "pctOfSharesOutstanding": 2.435114503816794,
      "pctOfFloatAlt": 49.93043485207713,
      "altFloatShares": 638888888,
      "floatMultiple": 1.5742000005742,
      "valueUsd": 39980270000,
      "valuePrice": {
        "usd": 125.33,
        "session": "close",
        "as_of": "2026-08-04",
        "note": "The regular-session close on August 4, up 9.4%, which happened before the Q2 print landed after the bell. Dollar values on this page are that close multiplied by the share count and move with the stock: the same 911.5 million shares were quoted at about $123bn, $116bn and $100bn inside two weeks purely because the price moved.",
        "sources": [
          {
            "url": "https://www.fool.com/investing/2026/08/05/spacexs-lockup-expires-on-aug-6-heres-why-9115-mil/",
            "type": "other",
            "date": "2026-08-05"
          },
          {
            "url": "https://finance.yahoo.com/markets/stocks/articles/spacex-lockup-expiry-morgan-stanley-173155091.html",
            "type": "tier1",
            "date": "2026-08-04"
          }
        ]
      },
      "effectiveDate": "2026-09-24",
      "cumulativeShares": 1868500000,
      "floatAfter": 2424055555,
      "floatMultipleAfter": 4.3633000033633
    },
    {
      "id": "spcx-2026-day-120",
      "label": "Day-120 tranche",
      "date": "2026-10-09",
      "date_precision": "approximate",
      "date_basis": "120 calendar days after the June 11, 2026 prospectus date, per the prospectus language reported by CNBC",
      "shares": 319000000,
      "shares_precision": "derived",
      "pct_of_restricted_pool": 7,
      "holders": "Employees and pre-IPO investors",
      "status": "scheduled",
      "trigger": null,
      "source_grade": "reported",
      "sources": [
        {
          "url": "https://www.fool.com/investing/2026/07/19/spacexs-ipo-lockup-starts-expiring-in-august-heres/",
          "type": "other",
          "date": "2026-07-19"
        },
        {
          "url": "https://darrowwealthmanagement.com/blog/spacex-ipo-employee-lockup-release-dates/",
          "type": "other",
          "date": "2026-07-28"
        }
      ],
      "notes": null,
      "caveat": "Share count derived from the 7% tranche size against a restricted pool that is itself derived. See the day-70 row. Until August 17 this site counted the fixed-day tranches from the June 12 first trade, one day later; the dates were restated to the prospectus-date basis after CNBC read the day-70 release off the prospectus as August 20.",
      "issuerId": "spcx-2026",
      "ticker": "SPCX",
      "company": "Space Exploration Technologies Corp.",
      "pctOfFloat": 57.42000005742,
      "pctOfSharesOutstanding": 2.435114503816794,
      "pctOfFloatAlt": 49.93043485207713,
      "altFloatShares": 638888888,
      "floatMultiple": 1.5742000005742,
      "valueUsd": 39980270000,
      "valuePrice": {
        "usd": 125.33,
        "session": "close",
        "as_of": "2026-08-04",
        "note": "The regular-session close on August 4, up 9.4%, which happened before the Q2 print landed after the bell. Dollar values on this page are that close multiplied by the share count and move with the stock: the same 911.5 million shares were quoted at about $123bn, $116bn and $100bn inside two weeks purely because the price moved.",
        "sources": [
          {
            "url": "https://www.fool.com/investing/2026/08/05/spacexs-lockup-expires-on-aug-6-heres-why-9115-mil/",
            "type": "other",
            "date": "2026-08-05"
          },
          {
            "url": "https://finance.yahoo.com/markets/stocks/articles/spacex-lockup-expiry-morgan-stanley-173155091.html",
            "type": "tier1",
            "date": "2026-08-04"
          }
        ]
      },
      "effectiveDate": "2026-10-09",
      "cumulativeShares": 2187500000,
      "floatAfter": 2743055555,
      "floatMultipleAfter": 4.9375000039375
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    {
      "id": "spcx-2026-day-135",
      "label": "Day-135 tranche",
      "date": "2026-10-24",
      "date_precision": "approximate",
      "date_basis": "135 calendar days after the June 11, 2026 prospectus date, per the prospectus language reported by CNBC",
      "shares": 319000000,
      "shares_precision": "derived",
      "pct_of_restricted_pool": 7,
      "holders": "Employees and pre-IPO investors",
      "status": "scheduled",
      "trigger": null,
      "source_grade": "reported",
      "sources": [
        {
          "url": "https://www.fool.com/investing/2026/07/19/spacexs-ipo-lockup-starts-expiring-in-august-heres/",
          "type": "other",
          "date": "2026-07-19"
        },
        {
          "url": "https://darrowwealthmanagement.com/blog/spacex-ipo-employee-lockup-release-dates/",
          "type": "other",
          "date": "2026-07-28"
        }
      ],
      "notes": null,
      "caveat": "Share count derived from the 7% tranche size against a restricted pool that is itself derived. See the day-70 row. Until August 17 this site counted the fixed-day tranches from the June 12 first trade, one day later; the dates were restated to the prospectus-date basis after CNBC read the day-70 release off the prospectus as August 20.",
      "issuerId": "spcx-2026",
      "ticker": "SPCX",
      "company": "Space Exploration Technologies Corp.",
      "pctOfFloat": 57.42000005742,
      "pctOfSharesOutstanding": 2.435114503816794,
      "pctOfFloatAlt": 49.93043485207713,
      "altFloatShares": 638888888,
      "floatMultiple": 1.5742000005742,
      "valueUsd": 39980270000,
      "valuePrice": {
        "usd": 125.33,
        "session": "close",
        "as_of": "2026-08-04",
        "note": "The regular-session close on August 4, up 9.4%, which happened before the Q2 print landed after the bell. Dollar values on this page are that close multiplied by the share count and move with the stock: the same 911.5 million shares were quoted at about $123bn, $116bn and $100bn inside two weeks purely because the price moved.",
        "sources": [
          {
            "url": "https://www.fool.com/investing/2026/08/05/spacexs-lockup-expires-on-aug-6-heres-why-9115-mil/",
            "type": "other",
            "date": "2026-08-05"
          },
          {
            "url": "https://finance.yahoo.com/markets/stocks/articles/spacex-lockup-expiry-morgan-stanley-173155091.html",
            "type": "tier1",
            "date": "2026-08-04"
          }
        ]
      },
      "effectiveDate": "2026-10-24",
      "cumulativeShares": 2506500000,
      "floatAfter": 3062055555,
      "floatMultipleAfter": 5.5117000045117
    },
    {
      "id": "cbrs-2026-main-expiry",
      "label": "Main lock-up expiry",
      "date": "2026-11-09",
      "date_precision": "approximate",
      "date_basis": "180 days after the May 13, 2026 prospectus date, which is the later half of an earlier-of test against two trading days after the quarter ending September 30, 2026 is reported",
      "shares": null,
      "shares_note": "Reported at roughly 171 million shares, about five times the 34.5 million share offering. Not published as a count for the same reason as the row above: 171 million plus the reported 60 million early release exceeds the roughly 192 million restricted shares implied by 226.5 million outstanding less the 34.5 million float.",
      "shares_precision": null,
      "pct_of_restricted_pool": null,
      "holders": "Directors, officers and holders of substantially all pre-IPO stock",
      "status": "scheduled",
      "trigger": null,
      "source_grade": "reported",
      "sources": [
        {
          "url": "https://seekingalpha.com/article/4905797-cerebras-ipo-lockup-comes-fast",
          "type": "other",
          "date": "2026-06-02"
        },
        {
          "url": "https://www.sec.gov/Archives/edgar/data/2021728/000162828026034800/resales-8xmay2026.htm",
          "type": "primary",
          "date": "2026-05-15"
        }
      ],
      "notes": "November 9 is the outer bound, not a fixture. The lock-up ends at the earlier of that date and two trading days after the September quarter is reported, so a report before about November 5 pulls the expiry forward rather than pushing it back. Most lock-up dates only move later; this one can only move earlier.",
      "caveat": "The date is calendar arithmetic on a confirmed prospectus date and a lock-up structure described in secondary coverage, not read from the filing. The share count is reported and does not reconcile, so it is not shown.",
      "issuerId": "cbrs-2026",
      "ticker": "CBRS",
      "company": "Cerebras Systems Inc.",
      "pctOfFloat": null,
      "pctOfSharesOutstanding": null,
      "pctOfFloatAlt": null,
      "altFloatShares": null,
      "floatMultiple": null,
      "valueUsd": null,
      "valuePrice": null,
      "effectiveDate": "2026-11-09",
      "cumulativeShares": null,
      "floatAfter": null,
      "floatMultipleAfter": null
    },
    {
      "id": "spcx-2026-180-day-balance",
      "label": "180-day expiry: the balance",
      "date": "2026-12-08",
      "date_precision": "day",
      "date_basis": "180 days after the June 11, 2026 prospectus date",
      "shares": null,
      "shares_note": "Everything left in the 180-day pool, plus the 455.8 million shares whose price condition failed and rolled here. No count is published because the pool total is derived rather than filed, so a residual computed from it would inherit that derivation.",
      "shares_precision": null,
      "pct_of_restricted_pool": null,
      "holders": "Everyone in the 180-day pool who has not already been released",
      "status": "scheduled",
      "trigger": null,
      "source_grade": "tier1",
      "sources": [
        {
          "url": "https://www.axios.com/2026/07/17/spacex-lockup-stock-selloff",
          "type": "tier1",
          "date": "2026-07-17"
        },
        {
          "url": "https://www.fool.com/investing/2026/07/19/spacexs-ipo-lockup-starts-expiring-in-august-heres/",
          "type": "other",
          "date": "2026-07-19"
        }
      ],
      "notes": "This is where the failed price trigger lands. A condition that could not fire in August is not a condition that went away.",
      "caveat": null,
      "issuerId": "spcx-2026",
      "ticker": "SPCX",
      "company": "Space Exploration Technologies Corp.",
      "pctOfFloat": null,
      "pctOfSharesOutstanding": null,
      "pctOfFloatAlt": null,
      "altFloatShares": 638888888,
      "floatMultiple": null,
      "valueUsd": null,
      "valuePrice": {
        "usd": 125.33,
        "session": "close",
        "as_of": "2026-08-04",
        "note": "The regular-session close on August 4, up 9.4%, which happened before the Q2 print landed after the bell. Dollar values on this page are that close multiplied by the share count and move with the stock: the same 911.5 million shares were quoted at about $123bn, $116bn and $100bn inside two weeks purely because the price moved.",
        "sources": [
          {
            "url": "https://www.fool.com/investing/2026/08/05/spacexs-lockup-expires-on-aug-6-heres-why-9115-mil/",
            "type": "other",
            "date": "2026-08-05"
          },
          {
            "url": "https://finance.yahoo.com/markets/stocks/articles/spacex-lockup-expiry-morgan-stanley-173155091.html",
            "type": "tier1",
            "date": "2026-08-04"
          }
        ]
      },
      "effectiveDate": "2026-12-08",
      "cumulativeShares": null,
      "floatAfter": null,
      "floatMultipleAfter": null
    }
  ],
  "past": [
    {
      "id": "spcx-2026-day-70",
      "label": "Day-70 tranche",
      "date": "2026-08-20",
      "date_precision": "approximate",
      "date_basis": "70 calendar days after the June 11, 2026 prospectus date, per the prospectus language reported by CNBC",
      "shares": 319000000,
      "shares_precision": "derived",
      "pct_of_restricted_pool": 7,
      "holders": "Employees and pre-IPO investors",
      "status": "scheduled",
      "trigger": null,
      "source_grade": "reported",
      "sources": [
        {
          "url": "https://www.fool.com/investing/2026/07/19/spacexs-ipo-lockup-starts-expiring-in-august-heres/",
          "type": "other",
          "date": "2026-07-19"
        },
        {
          "url": "https://darrowwealthmanagement.com/blog/spacex-ipo-employee-lockup-release-dates/",
          "type": "other",
          "date": "2026-07-28"
        },
        {
          "url": "https://www.cnbc.com/2026/08/06/spacex-faces-test-as-shares-unlock-allowing-early-investors-cash-out.html",
          "type": "tier1",
          "date": "2026-08-06"
        },
        {
          "url": "https://protos.com/confusion-surrounds-spacexs-next-share-unlock/",
          "type": "other",
          "date": "2026-08-14"
        }
      ],
      "notes": "One 7% tranche is about 57% of the entire pre-August float on its own.",
      "caveat": "The share count is derived, not filed: 7% of a restricted pool of roughly 4.6 billion shares, where the pool itself is backed out of the first tranche being 20% of it. Two independent readings land near 319 million, one of them by a different route (about 2.44% of shares outstanding), which is corroboration rather than confirmation. Until August 17 this site counted the fixed-day tranches from the June 12 first trade, one day later; the dates were restated to the prospectus-date basis after CNBC read the day-70 release off the prospectus as August 20.",
      "issuerId": "spcx-2026",
      "ticker": "SPCX",
      "company": "Space Exploration Technologies Corp.",
      "pctOfFloat": 57.42000005742,
      "pctOfSharesOutstanding": 2.435114503816794,
      "pctOfFloatAlt": 49.93043485207713,
      "altFloatShares": 638888888,
      "floatMultiple": 1.5742000005742,
      "valueUsd": 39980270000,
      "valuePrice": {
        "usd": 125.33,
        "session": "close",
        "as_of": "2026-08-04",
        "note": "The regular-session close on August 4, up 9.4%, which happened before the Q2 print landed after the bell. Dollar values on this page are that close multiplied by the share count and move with the stock: the same 911.5 million shares were quoted at about $123bn, $116bn and $100bn inside two weeks purely because the price moved.",
        "sources": [
          {
            "url": "https://www.fool.com/investing/2026/08/05/spacexs-lockup-expires-on-aug-6-heres-why-9115-mil/",
            "type": "other",
            "date": "2026-08-05"
          },
          {
            "url": "https://finance.yahoo.com/markets/stocks/articles/spacex-lockup-expiry-morgan-stanley-173155091.html",
            "type": "tier1",
            "date": "2026-08-04"
          }
        ]
      },
      "effectiveDate": "2026-08-20",
      "cumulativeShares": 1230500000,
      "floatAfter": 1786055555,
      "floatMultipleAfter": 3.2149000022149
    },
    {
      "id": "spcx-2026-q2-earnings-release",
      "label": "First release, triggered by Q2 2026 earnings",
      "date": "2026-08-06",
      "date_precision": "day",
      "date_basis": "Second trading day after the Q2 2026 report, which landed after the close on August 4, 2026",
      "shares": 911500000,
      "shares_precision": "approximate",
      "pct_of_restricted_pool": 20,
      "holders": "Employees and pre-IPO investors, excluding the founder and the selected insiders locked until 2027",
      "status": "scheduled",
      "trigger": null,
      "source_grade": "tier1",
      "sources": [
        {
          "url": "https://www.fool.com/investing/2026/08/05/spacexs-lockup-expires-on-aug-6-heres-why-9115-mil/",
          "type": "other",
          "date": "2026-08-05"
        },
        {
          "url": "https://www.axios.com/2026/07/17/spacex-lockup-stock-selloff",
          "type": "tier1",
          "date": "2026-07-17"
        }
      ],
      "notes": "More stock turns sellable on this one day than the entire offering that created the public float. The sequencing is hostile: the report with the most uncertainty is wired directly to the date with the most supply, 48 hours apart.",
      "caveat": null,
      "issuerId": "spcx-2026",
      "ticker": "SPCX",
      "company": "Space Exploration Technologies Corp.",
      "pctOfFloat": 164.07000016407,
      "pctOfSharesOutstanding": 6.958015267175573,
      "pctOfFloatAlt": 142.6695654158881,
      "altFloatShares": 638888888,
      "floatMultiple": 2.6407000016407,
      "valueUsd": 114238295000,
      "valuePrice": {
        "usd": 125.33,
        "session": "close",
        "as_of": "2026-08-04",
        "note": "The regular-session close on August 4, up 9.4%, which happened before the Q2 print landed after the bell. Dollar values on this page are that close multiplied by the share count and move with the stock: the same 911.5 million shares were quoted at about $123bn, $116bn and $100bn inside two weeks purely because the price moved.",
        "sources": [
          {
            "url": "https://www.fool.com/investing/2026/08/05/spacexs-lockup-expires-on-aug-6-heres-why-9115-mil/",
            "type": "other",
            "date": "2026-08-05"
          },
          {
            "url": "https://finance.yahoo.com/markets/stocks/articles/spacex-lockup-expiry-morgan-stanley-173155091.html",
            "type": "tier1",
            "date": "2026-08-04"
          }
        ]
      },
      "effectiveDate": "2026-08-06",
      "cumulativeShares": 911500000,
      "floatAfter": 1467055555,
      "floatMultipleAfter": 2.6407000016407
    },
    {
      "id": "fig-2026-180-day-expiry",
      "label": "Standard 180-day expiry (non-extended holders)",
      "date": "2026-01-27",
      "date_precision": "day",
      "date_text": null,
      "date_basis": "180 days after the July 31, 2025 first trade, as reported by lock-up trackers ahead of the date",
      "shares": null,
      "shares_note": "No share count is published for this past release: the figures found in coverage could not be reconciled against the register net of the September and November early releases and the extended agreement carve-out, and a number that does not close does not ship.",
      "shares_precision": null,
      "pct_of_restricted_pool": null,
      "holders": "Pre-IPO holders who did not sign the Extended Lock-Up Agreement",
      "status": "released",
      "trigger": null,
      "source_grade": "reported",
      "sources": [
        {
          "url": "https://www.marketbeat.com/instant-alerts/figma-incs-nysefig-lock-up-period-will-end-on-january-27th-2026-01-20/",
          "type": "other",
          "date": "2026-01-20"
        }
      ],
      "notes": "Kept on the calendar as context for the August row: this is the release that freed the non-extended half of the register.",
      "caveat": "Date is reported rather than read from the prospectus; the 180-day arithmetic against the July 31, 2025 first trade supports it.",
      "issuerId": "fig-2026",
      "ticker": "FIG",
      "company": "Figma, Inc.",
      "pctOfFloat": null,
      "pctOfSharesOutstanding": null,
      "pctOfFloatAlt": null,
      "altFloatShares": null,
      "floatMultiple": null,
      "valueUsd": null,
      "valuePrice": null,
      "effectiveDate": "2026-01-27",
      "cumulativeShares": null,
      "floatAfter": null,
      "floatMultipleAfter": null
    }
  ],
  "undated": [
    {
      "id": "cbrs-2026-q2-early-release",
      "label": "Early release around the Q2 2026 report",
      "date": null,
      "date_precision": "unscheduled",
      "date_text": "Reported to fall around the Q2 2026 report, which is confirmed for August 12, 2026 after the close. The eligibility date depends on a release mechanism this calendar has not read out of the prospectus.",
      "date_basis": "Reported early-release provision keyed to the Q2 2026 earnings release",
      "shares": null,
      "shares_note": "Reported at over 60 million shares. Not published as a count: it is single-sourced, and adding it to the roughly 171 million reported for the main expiry gives 231 million against roughly 192 million restricted shares, which cannot both be true.",
      "shares_precision": null,
      "pct_of_restricted_pool": null,
      "holders": "Not specified in the coverage that describes the provision",
      "status": "conditional",
      "trigger": {
        "kind": "earnings",
        "price_usd": null,
        "condition": "Reported to release a portion of the restricted shares in connection with the Q2 2026 earnings release.",
        "status": "pending",
        "window_end": null,
        "resolution": "Pending, and only half-resolvable from here. The earnings date is confirmed for August 12 after the close, so the release, if the provision is as described, lands within days of it. What is not resolved is the provision itself, which has not been confirmed against the filing, and the size, which fails the arithmetic against shares outstanding. This row is a date to watch rather than a quantity anything can be built on.",
        "rolls_to": null
      },
      "source_grade": "reported",
      "sources": [
        {
          "url": "https://seekingalpha.com/article/4905797-cerebras-ipo-lockup-comes-fast",
          "type": "other",
          "date": "2026-06-02"
        }
      ],
      "notes": null,
      "caveat": "The provision is single-sourced and was not confirmed against the 424B4, which could not be retrieved. The reported share count does not reconcile against the share register and is therefore not shown.",
      "issuerId": "cbrs-2026",
      "ticker": "CBRS",
      "company": "Cerebras Systems Inc.",
      "pctOfFloat": null,
      "pctOfSharesOutstanding": null,
      "pctOfFloatAlt": null,
      "altFloatShares": null,
      "floatMultiple": null,
      "valueUsd": null,
      "valuePrice": null,
      "effectiveDate": null,
      "cumulativeShares": null,
      "floatAfter": null,
      "floatMultipleAfter": null
    },
    {
      "id": "spcx-2026-conditional-early-release",
      "label": "Conditional early release, price trigger",
      "date": null,
      "date_precision": "unscheduled",
      "date_text": "Would have released alongside the August 6 tranche. The condition failed, so these shares roll to December 8.",
      "date_basis": "Price condition measured across the 10 trading days running into the Q2 2026 report",
      "shares": 455800000,
      "shares_precision": "approximate",
      "pct_of_restricted_pool": null,
      "holders": "Same pool as the August 6 release",
      "status": "rolled",
      "trigger": {
        "kind": "price",
        "price_usd": 175.5,
        "condition": "SPCX had to close at or above $175.50 on at least 5 of the 10 trading days in the window running into Q2 earnings. That level is 30% above the $135 IPO price.",
        "status": "not_met",
        "window_end": "2026-08-04",
        "resolution": "Not met, and it was never close. The stock traded near $110 through most of the window and its best close in it was $125.33 on August 4, about 29% below the trigger, which then had to be cleared five times in ten sessions. The shares do not disappear: they roll into the December 8 release, making that date larger.",
        "rolls_to": "spcx-2026-180-day-balance"
      },
      "source_grade": "tier1",
      "sources": [
        {
          "url": "https://www.axios.com/2026/07/17/spacex-lockup-stock-selloff",
          "type": "tier1",
          "date": "2026-07-17"
        },
        {
          "url": "https://www.investing.com/analysis/spacex-lockup-countdown-when-shares-may-become-safer-to-buy-200682574",
          "type": "other",
          "date": "2026-07-20"
        }
      ],
      "notes": "This is the row that shows why an unresolved condition is worse than useless. Left as \"a further 455.8 million shares could release under certain conditions\" it is a frightening number a reader can do nothing with. Resolved against the price it needed, it is a non-event in August and a December problem.",
      "caveat": null,
      "issuerId": "spcx-2026",
      "ticker": "SPCX",
      "company": "Space Exploration Technologies Corp.",
      "pctOfFloat": 82.044000082044,
      "pctOfSharesOutstanding": 3.479389312977099,
      "pctOfFloatAlt": 71.34260879491146,
      "altFloatShares": 638888888,
      "floatMultiple": 1.82044000082044,
      "valueUsd": 57125414000,
      "valuePrice": {
        "usd": 125.33,
        "session": "close",
        "as_of": "2026-08-04",
        "note": "The regular-session close on August 4, up 9.4%, which happened before the Q2 print landed after the bell. Dollar values on this page are that close multiplied by the share count and move with the stock: the same 911.5 million shares were quoted at about $123bn, $116bn and $100bn inside two weeks purely because the price moved.",
        "sources": [
          {
            "url": "https://www.fool.com/investing/2026/08/05/spacexs-lockup-expires-on-aug-6-heres-why-9115-mil/",
            "type": "other",
            "date": "2026-08-05"
          },
          {
            "url": "https://finance.yahoo.com/markets/stocks/articles/spacex-lockup-expiry-morgan-stanley-173155091.html",
            "type": "tier1",
            "date": "2026-08-04"
          }
        ]
      },
      "effectiveDate": "2026-12-08",
      "cumulativeShares": null,
      "floatAfter": null,
      "floatMultipleAfter": null
    },
    {
      "id": "spcx-2026-q3-earnings-release",
      "label": "Q3 2026 earnings-triggered release",
      "date": null,
      "date_precision": "unscheduled",
      "date_text": "Two trading days after SpaceX reports Q3 2026 results. No reporting date has been announced; coverage that has modelled it puts the release in late October or November.",
      "date_basis": "Keyed to the Q3 2026 earnings release, the same mechanism that produced the August 6 date",
      "shares": null,
      "shares_note": "Reported as about 28% of the 180-day pool, which against the derived 4.6 billion share pool is on the order of 1.3 billion shares. No count is published here because the pool size is itself backed out of the first tranche rather than read from the prospectus, so a figure that large would carry a derivation two steps deep.",
      "shares_precision": null,
      "pct_of_restricted_pool": 28,
      "holders": "Employees and pre-IPO investors",
      "status": "conditional",
      "trigger": {
        "kind": "earnings",
        "price_usd": null,
        "condition": "Releases a set number of trading days after SpaceX reports its Q3 2026 results.",
        "status": "pending",
        "window_end": null,
        "resolution": "Pending, and it is a date question rather than a condition question: the release itself is not in doubt, only when it lands. SpaceX has not announced a Q3 reporting date. The August 6 tranche released on the second trading day after the August 4 report, so the same offset applied to a Q3 date is the working assumption until the company schedules it.",
        "rolls_to": null
      },
      "source_grade": "reported",
      "sources": [
        {
          "url": "https://www.fool.com/investing/2026/07/19/spacexs-ipo-lockup-starts-expiring-in-august-heres/",
          "type": "other",
          "date": "2026-07-19"
        }
      ],
      "notes": "On the reported percentages this is the single largest release in the schedule, larger than August 6, and it is the one with no date on it.",
      "caveat": "Both the 28% share and the timing are reported rather than filed, and the reporting date that fixes the release has not been announced.",
      "issuerId": "spcx-2026",
      "ticker": "SPCX",
      "company": "Space Exploration Technologies Corp.",
      "pctOfFloat": null,
      "pctOfSharesOutstanding": null,
      "pctOfFloatAlt": null,
      "altFloatShares": 638888888,
      "floatMultiple": null,
      "valueUsd": null,
      "valuePrice": {
        "usd": 125.33,
        "session": "close",
        "as_of": "2026-08-04",
        "note": "The regular-session close on August 4, up 9.4%, which happened before the Q2 print landed after the bell. Dollar values on this page are that close multiplied by the share count and move with the stock: the same 911.5 million shares were quoted at about $123bn, $116bn and $100bn inside two weeks purely because the price moved.",
        "sources": [
          {
            "url": "https://www.fool.com/investing/2026/08/05/spacexs-lockup-expires-on-aug-6-heres-why-9115-mil/",
            "type": "other",
            "date": "2026-08-05"
          },
          {
            "url": "https://finance.yahoo.com/markets/stocks/articles/spacex-lockup-expiry-morgan-stanley-173155091.html",
            "type": "tier1",
            "date": "2026-08-04"
          }
        ]
      },
      "effectiveDate": null,
      "cumulativeShares": null,
      "floatAfter": null,
      "floatMultipleAfter": null
    },
    {
      "id": "spcx-2027-insider-lockup",
      "label": "Founder and selected insiders",
      "date": null,
      "date_precision": "unscheduled",
      "date_text": "Mid-2027. No specific date has been published.",
      "date_basis": "A separate and longer lock-up covering the founder and a selected group of insiders",
      "shares": null,
      "shares_note": "Not disclosed as a tranche. Musk holds about 42% of the equity and more than 80% of the voting power through Class B stock, which against 13.1 billion shares outstanding is on the order of 5 billion shares, but the locked group is not itemised and that arithmetic is ours rather than the company's.",
      "shares_precision": null,
      "pct_of_restricted_pool": null,
      "holders": "Elon Musk and a selected group of insiders",
      "status": "scheduled",
      "trigger": null,
      "source_grade": "tier1",
      "sources": [
        {
          "url": "https://www.axios.com/2026/07/17/spacex-lockup-stock-selloff",
          "type": "tier1",
          "date": "2026-07-17"
        },
        {
          "url": "https://darrowwealthmanagement.com/blog/spacex-ipo-employee-lockup-release-dates/",
          "type": "other",
          "date": "2026-07-28"
        }
      ],
      "notes": "The most underweighted line in the whole schedule. The single largest holder is mechanically absent from every 2026 date on this calendar, which removes the worst-case supply scenario for eighteen months.",
      "caveat": null,
      "issuerId": "spcx-2026",
      "ticker": "SPCX",
      "company": "Space Exploration Technologies Corp.",
      "pctOfFloat": null,
      "pctOfSharesOutstanding": null,
      "pctOfFloatAlt": null,
      "altFloatShares": 638888888,
      "floatMultiple": null,
      "valueUsd": null,
      "valuePrice": {
        "usd": 125.33,
        "session": "close",
        "as_of": "2026-08-04",
        "note": "The regular-session close on August 4, up 9.4%, which happened before the Q2 print landed after the bell. Dollar values on this page are that close multiplied by the share count and move with the stock: the same 911.5 million shares were quoted at about $123bn, $116bn and $100bn inside two weeks purely because the price moved.",
        "sources": [
          {
            "url": "https://www.fool.com/investing/2026/08/05/spacexs-lockup-expires-on-aug-6-heres-why-9115-mil/",
            "type": "other",
            "date": "2026-08-05"
          },
          {
            "url": "https://finance.yahoo.com/markets/stocks/articles/spacex-lockup-expiry-morgan-stanley-173155091.html",
            "type": "tier1",
            "date": "2026-08-04"
          }
        ]
      },
      "effectiveDate": null,
      "cumulativeShares": null,
      "floatAfter": null,
      "floatMultipleAfter": null
    }
  ]
}