Are there any lock‑up or sell‑restriction periods associated with the exercisable shares from these options?

Short answer:

The press release does not state that the 44,000 shares that may be purchased under the inducement options are subject to any specific lock‑up or sell‑restriction periods.

Why the answer is based on the release

The Business Wire announcement contains the following key points about the inducement options:

Because the release does not include any clause about a required holding period after exercise, a lock‑up on the shares, or a prohibition on selling the shares for a set time, we have no evidence from the provided information that such restrictions exist.

What this means in practice

Take‑away

• No lock‑up or sell‑restriction periods are described in the news release.
  
• If you are an employee or an investor who needs certainty about any post‑exercise restrictions, you would need to review the actual inducement option agreements, the company’s insider‑trading policy, or any subsequent SEC filings (e.g., Form 8‑K, Form 4, or the company’s proxy statement) that might detail such terms.
  

In the absence of that additional documentation, the only information we can confirm is that the options were granted, the exercise price equals the market price on August 1 2025, and no explicit lock‑up or sell‑restriction is mentioned.