SpaceX lock-up exemptions mean some insiders can sell shares immediately on listing. This is a list of companies that disclosed a similar exemptions in their S-1
| ticker | Company Name | Evidence of non-existent / waived / exempted lock-up or ability to sell immediately after IPO | Source |
|---|---|---|---|
| $BCDA | BioCardia Inc | Filing states a third-party operating company may buy shares in the offering and that “Any shares of Common Stock purchased by such third-party in this offering will not be subject to a lock-up agreement,” which is an explicit lock-up exemption for those purchased IPO shares. | Sep 16, 2025 S-1 |
| $MWH | SOLV Energy Inc | The company disclosed that Jefferies and J.P. Morgan “have provided a limited waiver of certain of the IPO lock-up agreements to permit us and the selling stockholders to sell the shares of Class A common stock offered hereby,” including permitting officers/directors to sell LLC interests to the company. This is explicit evidence of a lock-up waiver tied to post-IPO selling. | May 26, 2026 S-1 |
| $KRMN | Karman Holdings Inc | Citigroup and Evercore “have provided a limited waiver of certain of the lock-up agreements entered into in connection with our IPO to the extent necessary to permit the selling stockholders to sell the shares of common stock in this offering,” explicitly allowing sale notwithstanding the prior IPO lock-up. | Jul 21, 2025 S-1 |
| $FPS | Forgent Power Solutions Inc | Goldman Sachs, Jefferies and Morgan Stanley “have provided a limited waiver of certain of the IPO lock-up agreements to permit us and the selling stockholders to sell the shares of Class A common stock offered hereby,” while unsold shares remain locked until the original 180-day expiry. This is explicit waiver-based sellability after IPO. | May 26, 2026 S-1 |
| Space Exploration Technologies Corp | Directed share program disclosure says reserved IPO shares sold to certain employees / persons identified by management “will not be subject to a lock-up restriction.” That is an explicit exemption from lock-up for those IPO purchasers. | May 20, 2026 S-1 | |
| First Carolina Financial Services Inc | Filing says “the remaining shares … will not be subject to the contractual 180-day lock up period” and underwriters may also release the company or executives/directors during that period. This is explicit evidence that a significant block is outside the IPO lock-up. | May 22, 2026 S-1 | |
| $CBC | Central Bancompany Inc | Filing states “the remaining shares … will not be subject to the contractual 180-day lock up period” and underwriters may release the company, Voting Trust members, executives or directors within the 180-day period. | Oct 10, 2025 S-1 |
| $TTRX | Turn Therapeutics Inc | Direct listing disclosure says “none of our Registered Stockholders or other existing shareholders have entered into contractual lock-up agreements” and therefore “any of our shareholders… may sell any or all of their common stock at any time… including immediately upon listing.” This is the clearest example of no IPO lock-up / immediate sale ability. | Aug 29, 2025 S-1 |
