1. Early Lock-Up Release: An early release provision was triggered, and 11.5 million shares were released as of August 13, 2025. This release occurred because the stock traded 15% above its IPO price for 5 trading days.
2. Standard 180-Day Lock-Up: The remaining insider shares are subject to the standard 180-day lock-up period, which has a potential expiration date of December 2, 2025.