Are there any lock‑up or vesting periods associated with these options that could impact future selling pressure?

The filing does not spell out a specific lock‑up or vesting timetable, but inducement‑award options under a Nasdaq‑listed “Inducement Equity Incentive Plan” are almost always subject to a multi‑year vesting schedule (commonly 25 % per year over a 4‑year period) and a post‑grant “lock‑up” that prevents the grantees from exercising or selling the shares for at least one year after the grant date. Because the awards were issued on August 12 and August 14 2025, the first tranche of exercisable shares is unlikely to hit the market until sometime in 2026 or later, depending on the plan’s exact vesting curve.

From a trading perspective, the staggered vesting means that once the initial vesting dates arrive, a modest amount of insider‑sellable stock could be released each quarter, creating incremental upward‑or‑downward pressure on XFOR’s float. If the company’s stock price remains near current levels when the first large block of options becomes exercisable, we could see a short‑term dip as executives lock in gains, followed by a rebound as the market digests the dilution. Therefore, keep an eye on the company’s upcoming “vesting calendar” disclosures (typically filed in quarterly 10‑Qs or a supplemental 8‑K) and consider positioning defensively—e.g., tightening stops or scaling back long exposure—around the expected vesting windows, especially if the stock is trading at a premium to the option’s strike price.