Thai Airways International will free 19,802,574,214 shares from selling restrictions after 3 August 2026, ending the lock-up on about 70% of its issued capital. The block spans creditor conversion stock and silent-period holdings, following completion of the carrier’s debt-to-equity swap and new share issue under rehabilitation.
The first 25% tranche cleared on 3 February 2026. The remaining 75% becomes eligible in mid-3Q26, increasing the pool of tradable stock just as THAI settles back into normal SET trading.
The expiry does not force sales, but it expands supply and sets up a tighter test for liquidity, pricing and holder discipline.