When ODTX insiders can sell

Odyssey Therapeutics, Inc. · IPO prospectus filed 2026-05-08 · Single cliff · 180-day lock-up

Scheduled lock-up expiry
2026-11-04

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 ODTX'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
27.1M
Avg daily volume
286K
Absorb days
94.8 sessions
Cohort percentile
53th
Offer price
$18.00
Vs offer
+6.8%

Exactly 27,098,614 shares, against 285,900 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 $5.5M a day. Middle third — no call.

Why there is no call on this deal

The numbers above are published, but no dated call was issued. A call only goes in the ledger when the expiry falls 15 to 45 days out, the prospectus states or implies a share count, and there are at least 20 sessions of volume — and the middle third of the cohort gets no call at all, because a call on every deal is not a call. Publishing one here would be padding the scoreboard with a coin flip.

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.

Our directors and executive officers and holders of substantially all of our outstanding securities have entered into lock-up agreements with the underwriters and/or are subject to market standoff agreements or other agreements with us pursuant to which they may not, with certain exceptions, for a period of 180 days from the date of this prospectus, offer, sell or otherwise transfer or dispose of any of our securities, without the prior written consent of the representatives of the 66 Table of Contents underwriters. However, the representatives may permit our officers, directors and other security holders who are subject to the lock-up and market standoff agreements to sell shares prior to the expiration of the lock-up and market standoff agreements at any time in their sole discretion. See the section of this prospectus titled Underwriting . Sales of these shares, or perceptions that th……

Where the share count comes from

27,098,614 shares — stated in the prospectus. 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 offering58,170,658
Shares sold in the offering15,500,000
Underwriters' over-allotment option2,325,000
Held by affiliates999,814
Locked up, coming free at expiry27,098,614
The sentence the count was read from
After the lock-up and market standoff agreements expire, an additional 27,098,614 shares of our common stock will be eligible for sale in the public market, of which 999,814 shares are held by directors, executive officers and other affiliates and will be subject to volume limitations under Rule 144 under the Securities Act. In addition, the 4,631,713 shares of our common stock that are subject to outstanding options under the 2021 Plan as of December 31, 2025 will become eligible for sale in the public market after this offering, to the extent permitted by the provisions of various vesting schedules, the lock-up and market standoff agreements (and the exceptions thereto) and Rule 144 and Rule 701 under the Securities Act.
Affiliate holdings, as filed
After the lock-up and market standoff agreements expire, an additional 27,098,614 shares of our common stock will be eligible for sale in the public market, of which 999,814 shares are held by directors, executive officers and other affiliates and will be subject to volume limitations under Rule 144 under the Securities Act. In addition, the 4,631,713 shares of our common stock that are subject to outstanding options under the 2021 Plan as of December 31, 2025 will become eligible for sale in the public market after this offering, to the extent permitted by the provisions of various vesting schedules, the lock-up and market standoff agreements (and the exceptions thereto) and Rule 144 and Rule 701 under the Securities Act.

Exceptions written into the lock-up (4)

Each of these is a route by which ODTX shares can move before 2026-11-04. 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
10b5-1 plan
Rule 10b5-1 Plans Our directors, officers and key employees may adopt written plans, known as Rule 10b5-1 plans, in which they will contract with a broker to buy or sell shares of our common stock on a periodic basis. Under a Rule 10b5-1 plan, a broker executes trades under parameters established by the director or officer when entering into the plan, without further direction from the director or officer. The director or officer may amend or terminate a Rule 10b5-1 plan, subject to certain requirements.
bona fide gift or charitable transfer
…holders of substantially all of our capital stock and securities convertible into or exchangeable for our common stock with respect to certain transactions, including: Transfers of Lock-Up Securities (i) as one or more bona fide gifts or charitable contributions, or for bona fide estate planning purposes, (ii) upon death by will, testamentary document or intestate succession, (iii) if the lock-up party is a natural person, to any member of the lock-up party s immediate family or to any trust for the direct or indirect benefit of such lock-up party or the immediate family of such lock-up party or, if such lock-up party is a trust, t…
estate planning or family transfer
…diatrists and chiropractors), certain non-physician practitioners (such as physician assistants and nurse practitioners) and teaching hospitals, as well as ownership and investment interests held by physicians and their immediate family members; federal consumer protection and unfair competition laws, which broadly regulate marketplace activities and activities that potentially harm consumers; and analogous state and foreign laws and regulations, such as state anti-kickback and false claims laws, which may apply to claims involving healthcare items or services reimbursed by non-governmental third-party payors, including private insu…
option exercise or RSU settlement
…sion of all outstanding shares of our non-voting common stock into an aggregate of 8,359 shares of our common stock upon the closing of this offering, and excludes: 4,631,713 shares of our common stock issuable upon the exercise of stock options outstanding as of December 31, 2025 under our 2021 Equity Incentive Plan, as amended to date, or the 2021 Plan, at a weighted average exercise price of $4.94 per share; 953,136 shares of our common stock reserved for future issuance under the 2021 Plan as of December 31, 2025 (which number includes 162,162 shares of our common stock issuable upon the exercise of stock options subsequently gr…

How this reading of ODTX 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. ODTX 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 2026-11 (10)

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

DealExpiryShares freeAbsorb days
REA
Rare Earths Americas, Inc.
2026-11-03——
HAWK
HawkEye 360, Inc.
2026-11-0377.1M44.3 sessions
SUJA
SUJA LIFE, INC.
2026-11-0429.7M179 sessions
FRVO
Fervo Energy Co
2026-11-10205.0M22.3 sessions
GMRS
GMR Solutions Inc.
2026-11-1022.1M32.8 sessions
CBRS
Cerebras Systems Inc.
2026-11-10212.9M18.7 sessions
EROK
EagleRock Land, LLC
2026-11-10——
BXDC
Blackstone Digital Infrastructure Trust Inc.
2026-11-11——
GUAC
Berto Acquisition Corp. II
2026-11-14——
LCLN
Lincoln International, Inc.
2026-11-17——

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.

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