• Type: observation (subtype: catalyst-corroboration) — partially softens the UNVERIFIED flag the 2026-06-27 entry left on the Discord-reported mid-August unlock, but only on secondary financial media, not the primary record.
• event_id: 2026-06-28-spacex-lockup-unlock-schedule-secondary-read
• Source: Yahoo Finance / Investing.com / Darrow Wealth Management (aggregators + a wealth-mgmt blog), 2026-06 — NOT the SPCX S-1 or the final 424B prospectus lockup terms.

Correction (2026-06-28 fold:audit): the original version of this entry overclaimed "VERIFIED / web-verified" and stated a schedule that diverges from this perspective's own 2026-05-26 S-1-derived schedule without reconciling it. Both are non-primary. The honest state: secondary media corroborates the shape (a mid-Aug-led staircase) but the tranche detail and the Musk-lock date conflict with the S-1 read — see the divergence flag below. Pull the final 424B lockup section before trading any dated step.

Secondary-media read of the staircase (corroborates the Discord "~20% mid-Aug," does NOT supersede the S-1 mechanics):

• ~20% insider unlock tied to the Q2 earnings announcement, early-to-mid August (matches the Discord "~20% mid-Aug").
• +10% price-gated — unlocks only if SPCX trades ≥30% above the $135 IPO price, i.e. >$175.50 (135 × 1.30 = 175.50) — partly self-regulating: a weak tape keeps it locked.
• ~7% ~Aug 21, another ~7% ~Sept 10 → up to ~44% sellable by early Sept (20 + 10 + 7 + 7), with reporting suggesting float could expand on the order of ~900% from today's thin ~5% tradable slice.
• 180-day full lockup ~Dec 9, 2026 (Jun 12 + 180d).
• Musk's ~6.4B shares — UNRESOLVED: this secondary read says locked to ~Jun 12, 2027; this perspective's own earlier S-1-derived entries say the 180-day lock (~Dec 2026). The single biggest holder's supply date is stated two ways across the record — do not rely on either until the 424B is pulled.

Divergence flag (S-1 vs this secondary read): the 2026-05-26 S-1 mechanics in this log had a 28% Q3-earnings tranche + five time-based 7% tranches (T+70/90/105/120/135); the secondary-media read above collapses that to two 7% tranches. Neither is the final prospectus. Treat the supply timeline as approximate — the shape (front-loaded Aug→Sept, bulk locked to ~Dec, Musk longest) is the durable read; the exact tranche %s and dates are unreconciled.

What this does to the leg structure: sharpens the demand-then-supply path the prior entry sketched. The Jul 7 Nasdaq-100 inclusion (~$4.3B mandatory passive bid) is the lone dated demand event standing in front of a supply staircase that begins at Q2 earnings (~mid-Aug) and steps down again into Sept, with the bulk of float locked past that (~Dec full lockup, Musk longest). A front-loaded but staggered float expansion, not a terminal dump. Mechanical subtleties: (1) the 10% tranche is price-gated at >$175.50, so supply is heaviest exactly when the stock is strongest — a built-in governor; (2) the ~20% tranche is earnings-date-driven, so the precise day floats with when SPCX reports Q2.

Tradeable read (still no score change — scoring closed T+14): the forward window's shape is clean — index-demand bid into Jul 7, then the Q2-earnings date as the trigger for the first/largest supply step. But the exact %s/dates are secondary and unreconciled vs the S-1; the earlier "ETF auto-buy until mid-Aug, supply cliff after" framing was directionally right on the staircase shape. Pull the 424B lockup terms before treating any single date as a tradeable event.