StockWatch
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Specialty Insurers
ShareholdingMay 13, 2026, 04:36 PM

Ethos Announces Early Lock-Up Release for 5.1M Class A Shares

AI Summary

Ethos announced that the price condition for a partial early lock-up release has been satisfied. This will result in 25% of eligible securities, approximately 5.1 million shares of Class A common stock, being released from lock-up restrictions immediately prior to the opening of trading on May 14, 2026. The remaining shares will continue to be subject to lock-up agreements until after the close of trading on July 27, 2026, with a possibility of an additional 25% release under certain conditions.

Key Highlights

  • 25% of eligible securities will be released from lock-up restrictions.
  • Approximately 5.1 million Class A common stock shares become eligible for sale.
  • Release occurs immediately prior to opening of trading on May 14, 2026.
  • Remaining shares subject to lock-up until after close of trading on July 27, 2026.
  • Potential for an additional 25% release if applicable conditions are satisfied.