When LFTO insiders can sell

Liftoff Mobile, Inc. · IPO prospectus filed 2026-06-04 · Single cliff · 180-day lock-up

Scheduled lock-up expiry
2026-12-01
Absorbed

That is the calendar date the clause computes to, counted from the prospectus date. It is the only date computable without knowing a future earnings date, which is why everything that could pull it earlier is printed below it on this page rather than folded into it.

How much stock, against how much trades

"Absorb days" is the shares coming free divided by average daily volume: how many full sessions of LFTO's entire turnover the release amounts to. It is a ratio, not a forecast — it does not know who wants to sell, and a founder with no intention of selling counts the same as a fund that has been waiting six months.

Shares coming free
5.0M
Avg daily volume
679K
Absorb days
7.4 sessions
Cohort percentile
0th
Offer price
$23.00
Vs offer
-21.2%

Exactly 5,011,299 shares, against 679,345 shares a day averaged over 20 sessions. Volume source: yahoo-finance2 daily bars (symbol not in our price table), through 2026-11-06. Dollar volume $12.3M a day. Lightest third of the cohort.

Our call: Absorbed

LFTO sits in the lightest third of a cohort of 47 deals — lightest third at or below 54.1 sessions, heaviest at or above 109 sessions. The call is cohort-relative, not a fixed threshold, so the same absorb-day figure could read differently against a different month's IPOs. Expected excess return against SPY: non-negative.

Issued 2026-10-17, 45 days before the expiry, as call LFTO-2026-12-01. The ledger is append-only and lives in git, so the date on that row cannot be moved after the fact — which is the entire reason these calls are published ahead of the event instead of tested afterwards.

The lock-up clause, in the issuer's words

Every other free lock-up calendar tells you 180 days and moves on. This is the actual sentence the date above was computed from, so that if the words do not support the number, the number is wrong and the filing is one click away.

…owners and holders of approximately 96% of our outstanding capital stock immediately prior to this offering, including our Principal Stockholders, will sign lock-up agreements with the underwriters that will, subject to certain customary exceptions, restrict the sale of the shares of our common stock held by them for 180 days following the date of this prospectus. Any two representatives, on behalf of the underwriters, may, in their sole discretion, release all or any portion of the shares of common stock subject to lock-up agreements. See Underwriting (Conflicts of Interest) for a description of these lock-up agreements. See Shares Eligible for Future Sale Lock-Up Agreements. Upon the expiration of the lock-up agreements described above, all of such shares will be eligible for resale in the public market, subject, in the case of shares held by our affiliates, to volume, manner of sale a……

Where the share count comes from

5,011,299 shares — derived: shares outstanding after the offering, less the shares sold in it. A count the prospectus prints and a count derived from two of its other numbers are not the same quality of claim, so which one this is gets said rather than implied.

Shares outstanding after the offering24,011,299
Shares sold in the offering19,000,000
Underwriters' over-allotment option2,850,000
Locked up, coming free at expiry5,011,299
The sentence the count was read from
The number of shares of our common stock that will be outstanding after this offering is based on (1) the reclassification of all 111,822,020 outstanding shares of our Class A common stock and all 11,647,208 outstanding shares of our Class B common stock (in each case, after giving effect to the 1.3-for-1 forward split) into an equal number of shares of common stock (the Reclassification ) and (2) the conversion of all of our outstanding shares of Series A Redeemable Convertible Preferred Stock into 24,011,299 shares of common stock (after giving effect to the 1.3-for-1 forward split) (the Conversion ). The Reclassification and the Conversion will occur after the effectiveness of the registration statement of which this prospectus forms a part and prior to the closing of this offering.

Exceptions written into the lock-up (5)

Each of these is a route by which LFTO shares can move before 2026-12-01. The 10b5-1 carve-out is the one worth reading twice: it lets insiders put a selling plan in place during the lock-up, so the first sales can be automatic and immediate rather than discretionary and later.

  • 10b5-1 plan
  • bona fide gift or charitable transfer
  • estate planning or family transfer
  • option exercise or RSU settlement
  • underwriter discretionary release
10b5-1 plan
…to the provisions of the lock-up agreement and there shall be no further transfer of such shares of common stock except in accordance with the lock-up agreement; (c) the establishment of a trading plan pursuant to Rule 10b5-1 under the Exchange Act, provided that (i) no transfers occur under such plan during the lock-up period and (ii) no public announcement, filing or report under the Exchange Act shall be voluntarily made by any person in connection therewith during the lock-up period (other than general disclosure in the Company s periodic reports to the effect that our directors and officers may enter into such trading plans fr…
bona fide gift or charitable transfer
…, any partnership or limited liability company of which a participant, or such participant and such participant s family members, are the sole member(s), and a beneficiary to whom donations are eligible to be treated as charitable contributions for tax purposes. Amendment and Termination. Our Board of Directors may amend, alter, suspend, discontinue or terminate our Omnibus Incentive Plan or any portion thereof at any time; provided, that no such amendment, alteration, suspension, discontinuance or termination may be made without stockholder approval if (i) such approval is required under applicable law; (ii) it would materially inc…
estate planning or family transfer
…older of shares or any securities convertible into, exchangeable for, exercisable for, or repayable with shares: (i) by will, other testamentary document or intestacy; (ii) as a bona fide gift or gifts, or for bona fide estate planning purposes, including without limitation to charitable organizations or educational institutions; (iii) to any trust, partnership, limited liability company or other entity for the direct or indirect benefit of the security holder or the immediate family of the security holder, or if the security holder is a trust, to a trustor or beneficiary of the trust or to the estate of a beneficiary of such trust;…
option exercise or RSU settlement
…on and a 1.3-for-1 forward split of our common stock, each of which will occur after the effectiveness of the registration statement of which this prospectus forms a part and prior to the completion of this offering; no exercise of outstanding stock options described above; and no exercise by the underwriters of their option to purchase up to an additional 2,850,000 shares of common stock from us. The share and per share information in the financial statements and the related notes thereto included elsewhere in this prospectus are presented on a historical basis only and therefore do not reflect the 1.3-for-1 forward stock split of our common stock.
underwriter discretionary release
Any two representatives, on behalf of the underwriters, may, in their sole discretion, release all or any portion of the shares of common stock subject to lock-up agreements. See Underwriting (Conflicts of Interest) for a description of these lock-up agreements. See Shares Eligible for Future Sale Lock-Up Agreements. Upon the expiration of the lock-up agreements described above, all of such shares will be eligible for resale in the public market, subject, in the case of shares held by our affiliates, to volume, manner of sale and other limitations under Rule 144.

How this call scored

Not yet graded. Scoring needs the close on or before 2026-12-01 plus the next 5 and then 21 sessions, so a result cannot exist before those sessions have happened. This space is empty because the clock has not run, not because the result is being withheld — and when it fills, it fills whichever way the market went. The full scoreboard publishes every graded leg against the naive baseline that every unlock gets absorbed.

How this reading of LFTO could be wrong

The lock-up period is restated 3 times in this prospectus. Issuers repeat the clause on the cover, in the summary, in the risk factors and in the underwriting section, and the wording is not always identical. The parser resolved them to one period; if a reader finds a restatement that disagrees, the quote above is the one it used.

The volume is a vendor's, not ours. LFTO is not in our own price table, so average daily volume comes from yahoo-finance2 daily bars (symbol not in our price table). Vendor bars for recently listed symbols are the ones most likely to be wrong.

Only 20 sessions of volume history. This is a recent IPO, and early volume is dominated by the offering itself. An average over 20 sessions of a stock that has barely traded is the weakest input on the page, and absorb days inherits every bit of that weakness.

The parser can misread a filing. That is why every number here is printed next to the words it came from. Earlier versions of this parser read the underwriters' 30-day over-allotment window as a 30-day lock-up on five deals, and double-counted one issuer's share total because the offering summary appears on both the cover and in the summary section.

Also unlocking in 2026-12 (13)

Lock-ups cluster, because IPOs cluster: these priced in the same window as LFTO and come free in the same month. Several heavy releases landing together is a different situation from one.

DealExpiryShares freeAbsorb days
INIO
INNIO N.V.
2026-12-01——
SSMR
Sunshine Silver Mining & Refining Co
2026-12-02——
QNT
Quantinuum Inc.
2026-12-02233.0M95.0 sessions
EROC
ERock, Inc.
2026-12-07——
PBLS
Parabilis Medicines, Inc.
2026-12-08——
LIME
Neutron Holdings, Inc.
2026-12-09——
SPCX
SPACE EXPLORATION TECHNOLOGIES CORP
2026-12-0911.96B109 sessions
KARD
Kardigan, Inc.
2026-12-1564.3M124 sessions
FCBM
First Carolina Financial Services, Inc.
2026-12-1520.4M121 sessions
DPC
DPC Holdings Ltd
2026-12-23——
SIND
Sinda Ltd.
2026-12-26——
BSP
Bending Spoons S.p.A.
2026-12-28——
ITG
ITG, Inc./DE/
2026-12-29101.7M129 sessions

Learn to read these clauses yourself

The flow arithmetic on this page — shares unlocking divided by average daily volume, and why the clause has to be read rather than assumed — taught step by step, free.

Lesson 6 →

Radar built 2026-11-07 from EDGAR full-text search over 424B4 filings · all 80 parsed lock-ups and the scoreboard · LFTO's prospectus on EDGAR · what funds carried these companies at before listing