diff --git a/availability/condition/completion/tests/behat/conditional_bug.feature b/availability/condition/completion/tests/behat/conditional_bug.feature
index db2511605ee..1bc44584e78 100644
--- a/availability/condition/completion/tests/behat/conditional_bug.feature
+++ b/availability/condition/completion/tests/behat/conditional_bug.feature
@@ -44,6 +44,7 @@ Feature: Confirm that conditions on completion no longer cause a bug
     And I click on "Activity completion" "button" in the "Add restriction..." "dialogue"
     And I set the field with xpath "//div[contains(concat(' ', normalize-space(@class), ' '), ' availability-item ')][preceding-sibling::div]//select[@name='cm']" to "Page2"
     And I press "Save and return to course"
+    And I click on "Show more" "button" in the "#section-1 .availabilityinfo" "css_element"
     Then I should see "Not available unless:" in the ".activity.glossary" "css_element"
     And I should see "The activity Page1 is marked complete" in the ".activity.glossary" "css_element"
     And I should see "The activity Page2 is marked complete" in the ".activity.glossary" "css_element"
diff --git a/availability/tests/behat/display_availability.feature b/availability/tests/behat/display_availability.feature
index 5998d033316..b2a5d3ed045 100644
--- a/availability/tests/behat/display_availability.feature
+++ b/availability/tests/behat/display_availability.feature
@@ -73,13 +73,17 @@ Feature: display_availability
     And I should see "2013" in the "#section-1 .availabilityinfo" "css_element"
     And I should see "2013" in the "#section-1 .availabilityinfo" "css_element"
     And "li" "css_element" should not exist in the "#section-1 .availabilityinfo" "css_element"
+    And "Show more" "button" should not exist in the "#section-1 .availabilityinfo" "css_element"
 
     # Page 2 should show in list format.
     And "li" "css_element" should exist in the "#section-2 .availabilityinfo" "css_element"
     And I should see "Not available unless:" in the "#section-2 .availabilityinfo" "css_element"
     And I should see "It is before" in the "#section-2 .availabilityinfo" "css_element"
     And I should see "hidden otherwise" in the "#section-2 .availabilityinfo" "css_element"
+    And I click on "Show more" "button" in the "Page 2" "activity"
     And I should see "Email address" in the "#section-2 .availabilityinfo" "css_element"
+    And I click on "Show less" "button" in the "#section-2 .availabilityinfo" "css_element"
+    And I should not see "Email address" in the "#section-2 .availabilityinfo" "css_element"
 
     # Page 3 should not have available info.
     And "#section-3 .availabilityinfo" "css_element" should not exist
@@ -114,6 +118,11 @@ Feature: display_availability
     And I click on "Date" "button" in the "Add restriction..." "dialogue"
     And I set the field "direction" to "until"
     And I set the field "x[year]" to "2013"
+    And I press "Add restriction..."
+    And I click on "User profile" "button" in the "Add restriction..." "dialogue"
+    And I set the field "User profile field" to "Email address"
+    And I set the field "Value to compare against" to "email@example.com"
+    And I set the field "Method of comparison" to "is equal to"
     And I press "Save changes"
 
     # Section 2 is the same but hidden from students
@@ -130,7 +139,7 @@ Feature: display_availability
     And I am on "Course 1" course homepage
 
     # Check display
-    Then I should see "Available until" in the "#section-1 .availabilityinfo" "css_element"
+    Then I should see "Not available unless" in the "#section-1 .availabilityinfo" "css_element"
     And I should see "Available until" in the "#section-2 .availabilityinfo" "css_element"
     And I should see "hidden otherwise" in the "#section-2 .availabilityinfo" "css_element"
 
@@ -144,7 +153,11 @@ Feature: display_availability
 
     # Section 1 should be visible and show info.
     And I should see "Topic 1" in the "region-main" "region"
-    And I should see "Available until" in the "#section-1 .availabilityinfo" "css_element"
+    And I should see "Not available unless" in the "#section-1 .availabilityinfo" "css_element"
+    And I click on "Show more" "button" in the "#section-1 .availabilityinfo" "css_element"
+    And I should see "Email address" in the "#section-1 .availabilityinfo" "css_element"
+    And I click on "Show less" "button" in the "#section-1 .availabilityinfo" "css_element"
+    And I should not see "Email address" in the "#section-1 .availabilityinfo" "css_element"
 
     # Section 2 should not be available at all
     And I should not see "Topic 2" in the "region-main" "region"
diff --git a/course/format/classes/output/local/content/cm/availability.php b/course/format/classes/output/local/content/cm/availability.php
index dbe249f6e01..9776c9eccfc 100644
--- a/course/format/classes/output/local/content/cm/availability.php
+++ b/course/format/classes/output/local/content/cm/availability.php
@@ -108,11 +108,7 @@ class availability extends section_avalability {
         }
 
         $info = [];
-        $formattedinfo = \core_availability\info::format_info(
-            $this->mod->availableinfo,
-            $this->mod->get_course()
-        );
-        $info[] = $this->availability_info($formattedinfo, 'isrestricted');
+        $info[] = $this->get_availability_data($output, $this->mod->availableinfo, 'isrestricted');
         return $info;
     }
 
@@ -151,11 +147,7 @@ class availability extends section_avalability {
         if (!$mod->visible) {
             $hidinfoclass .= ' hide';
         }
-        $formattedinfo = info::format_info(
-            $fullinfo,
-            $mod->get_course()
-        );
-        $info[] = $this->availability_info($formattedinfo, $hidinfoclass);
+        $info[] = $this->get_availability_data($output, $fullinfo, $hidinfoclass);
 
         return $info;
     }
diff --git a/course/format/classes/output/local/content/section/availability.php b/course/format/classes/output/local/content/section/availability.php
index a183aa3eed2..2d24ff1728c 100644
--- a/course/format/classes/output/local/content/section/availability.php
+++ b/course/format/classes/output/local/content/section/availability.php
@@ -25,6 +25,7 @@
 namespace core_courseformat\output\local\content\section;
 
 use context_course;
+use core_availability_multiple_messages;
 use core\output\named_templatable;
 use core_availability\info;
 use core_availability\info_section;
@@ -57,6 +58,9 @@ class availability implements named_templatable, renderable {
     /** @var stdClass|null the instance export data */
     protected $data = null;
 
+    /** @var int Availability excerpt text max size treshold */
+    protected const AVAILABILITY_EXCERPT_MAXSIZE = 100;
+
     /**
      * Constructor.
      *
@@ -124,7 +128,7 @@ class availability implements named_templatable, renderable {
      * are going to be unavailable etc). This logic is the same as for
      * activities.
      *
-     * @param renderer_base $output typically, the renderer that's calling this function
+     * @param \renderer_base $output typically, the renderer that's calling this function
      * @return stdclass data context for a mustache template
      */
     protected function get_info(\renderer_base $output): array {
@@ -142,30 +146,115 @@ class availability implements named_templatable, renderable {
             if ($section->availableinfo) {
                 // Note: We only get to this function if availableinfo is non-empty,
                 // so there is definitely something to print.
-                $formattedinfo = info::format_info($section->availableinfo, $section->course);
-                $info[] = $this->availability_info($formattedinfo, 'isrestricted');
+                $info[] = $this->get_availability_data($output, $section->availableinfo, 'isrestricted');
             }
         } else if ($canviewhidden && !empty($CFG->enableavailability)) {
             // Check if there is an availability restriction.
             $ci = new info_section($section);
             $fullinfo = $ci->get_full_information();
             if ($fullinfo) {
-                $formattedinfo = info::format_info($fullinfo, $section->course);
-                $info[] = $this->availability_info($formattedinfo, 'isrestricted isfullinfo');
+                $info[] = $this->get_availability_data($output, $fullinfo, 'isrestricted isfullinfo');
             }
         }
 
         return $info;
     }
 
+    /**
+     * Get the basic availability information data.
+     *
+     * @param \renderer_base $output typically, the renderer that's calling this function
+     * @param string|core_availability_multiple_messages $availabilityinfo the avalability info
+     * @param string $additionalclasses additional css classes
+     * @return stdClass the availability information data
+     */
+    protected function get_availability_data($output, $availabilityinfo, $additionalclasses = ''): stdClass {
+        // At this point, availabilityinfo is either a string or a renderable. We need to handle both cases in a different way.
+        if (is_string($availabilityinfo)) {
+            $data = $this->availability_info_from_string($output, $availabilityinfo);
+        } else {
+            $data = $this->availability_info_from_output($output, $availabilityinfo);
+        }
+
+        $data->classes = $additionalclasses;
+
+        $additionalclasses = array_filter(explode(' ', $additionalclasses));
+        if (in_array('ishidden', $additionalclasses)) {
+            $data->ishidden = 1;
+        } else if (in_array('isstealth', $additionalclasses)) {
+            $data->isstealth = 1;
+        } else if (in_array('isrestricted', $additionalclasses)) {
+            $data->isrestricted = 1;
+            if (in_array('isfullinfo', $additionalclasses)) {
+                $data->isfullinfo = 1;
+            }
+        }
+
+        return $data;
+    }
+
+    /**
+     * Generate the basic availability information data from a string.
+     * Just shorten availability text to generate the excerpt text.
+     *
+     * @param \renderer_base $output typically, the renderer that's calling this function
+     * @param string $availabilityinfo the avalability info
+     * @return stdClass the availability information data
+     */
+    protected function availability_info_from_string(\renderer_base $output, string $availabilityinfo): stdClass {
+        $course = $this->format->get_course();
+
+        $text = info::format_info($availabilityinfo, $course);
+        $data = ['text' => $text];
+
+        if (strlen(html_to_text($text)) > self::AVAILABILITY_EXCERPT_MAXSIZE) {
+            $data['excerpt'] = shorten_text($text, self::AVAILABILITY_EXCERPT_MAXSIZE);
+        }
+
+        return (object) $data;
+    }
+
+    /**
+     * Generate the basic availability information data from a renderable.
+     * Use the header and the first item to generate the excerpt text.
+     *
+     * @param \renderer_base $output typically, the renderer that's calling this function
+     * @param core_availability_multiple_messages $availabilityinfo the avalability info
+     * @return stdClass the availability information data
+     */
+    protected function availability_info_from_output(
+        \renderer_base $output,
+        core_availability_multiple_messages $availabilityinfo
+    ): stdClass {
+        $course = $this->format->get_course();
+
+        $renderable = new \core_availability\output\availability_info($availabilityinfo);
+        // We need to export_for_template() instead of directly render, to reuse the info for both 'text' and 'excerpt'.
+        $info = $renderable->export_for_template($output);
+
+        $text = $output->render_from_template('core_availability/availability_info', $info);
+        $data = ['text' => info::format_info($text, $course)];
+
+        if (!empty($info->items)) {
+            $excerpttext = $info->header . ' ' . $info->items[0]->header;
+            $data['excerpt'] = info::format_info($excerpttext, $course);
+        }
+
+        return (object) $data;
+    }
+
     /**
      * Generate the basic availability information data.
      *
+     * @deprecated since Moodle 4.3 MDL-78204. Please use {@see self::get_availability_data} instead.
+     * @todo MDL-78489 This will be deleted in Moodle 4.7.
      * @param string $text the formatted avalability text
      * @param string $additionalclasses additional css classes
      * @return stdClass the availability information data
      */
     protected function availability_info($text, $additionalclasses = ''): stdClass {
+        debugging('Use of ' . __FUNCTION__ . '() have been deprecated, ' .
+        'please use core_courseformat\output\local\content\section\availability::get_availability_data()', DEBUG_DEVELOPER);
 
         $data = (object)[
             'text' => $text,
diff --git a/course/format/templates/local/content/availability.mustache b/course/format/templates/local/content/availability.mustache
new file mode 100644
index 00000000000..1e899660226
--- /dev/null
+++ b/course/format/templates/local/content/availability.mustache
@@ -0,0 +1,43 @@
+{{!
+    This file is part of Moodle - http://moodle.org/
+
+    Moodle is free software: you can redistribute it and/or modify
+    it under the terms of the GNU General Public License as published by
+    the Free Software Foundation, either version 3 of the License, or
+    (at your option) any later version.
+
+    Moodle is distributed in the hope that it will be useful,
+    but WITHOUT ANY WARRANTY; without even the implied warranty of
+    MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.  See the
+    GNU General Public License for more details.
+
+    You should have received a copy of the GNU General Public License
+    along with Moodle.  If not, see <http://www.gnu.org/licenses/>.
+}}
+{{!
+    @template core_courseformat/local/content/availability
+
+    Displays the availability contents with excerpt version if needed.
+
+    Example context (json):
+    {
+        "text": "Not available unless: <ul><li>It is on or after <strong>8 June 2012</strong></li><li>You achieve higher than a certain score in <strong>Course total</strong></li></ul>",
+        "excerpt": "Not available unless: It is on or after <strong>8 June 2012</strong>"
+    }
+}}
+{{^excerpt}}
+    {{#pix}}t/unlock, core{{/pix}} {{{text}}}
+{{/excerpt}}
+{{#excerpt}}
+    {{< core/showmore }}
+        {{$collapsedcontent}}
+            {{#pix}}t/unlock, core{{/pix}} <span class="availability-excerpt"> {{{excerpt}}} ... </span>
+        {{/collapsedcontent}}
+        {{$expandedcontent}}
+            {{#pix}}t/unlock, core{{/pix}} {{{text}}}
+        {{/expandedcontent}}
+        {{$buttonextraclasses}}font-weight-bold{{/buttonextraclasses}}
+        {{$collapsedextraclasses}}text-truncate pr-2{{/collapsedextraclasses}}
+        {{$expandedextraclasses}}py-2{{/expandedextraclasses}}
+    {{/core/showmore }}
+{{/excerpt}}
diff --git a/course/format/templates/local/content/cm/availability.mustache b/course/format/templates/local/content/cm/availability.mustache
index e59ece9b272..e473f3a0b3e 100644
--- a/course/format/templates/local/content/cm/availability.mustache
+++ b/course/format/templates/local/content/cm/availability.mustache
@@ -41,7 +41,7 @@
             <span class="badge badge-pill badge-warning">{{{text}}}</span>
         {{/isrestricted}}
         {{#isrestricted}}
-            <div> {{#pix}}t/unlock, core{{/pix}} {{{text}}} </div>
+            {{> core_courseformat/local/content/availability }}
         {{/isrestricted}}
         </div>
     {{/info}}
diff --git a/course/format/templates/local/content/section/availability.mustache b/course/format/templates/local/content/section/availability.mustache
index 7c6448011bb..6b7008fe619 100644
--- a/course/format/templates/local/content/section/availability.mustache
+++ b/course/format/templates/local/content/section/availability.mustache
@@ -41,7 +41,7 @@
             <span class="badge badge-pill badge-warning">{{{text}}}</span>
         {{/isrestricted}}
         {{#isrestricted}}
-            <div> {{#pix}}t/unlock, core{{/pix}} {{{text}}} </div>
+            {{> core_courseformat/local/content/availability }}
         {{/isrestricted}}
         </div>
     {{/info}}
diff --git a/course/format/upgrade.txt b/course/format/upgrade.txt
index 7350a841100..c17b2b4702d 100644
--- a/course/format/upgrade.txt
+++ b/course/format/upgrade.txt
@@ -12,6 +12,8 @@ Some considerations about the activitybadge feature:
   - An optional URL to redirect the user when the badge is clicked.
   - An optional ID to add the element in case the module wants to add some JS to the badge events.
   - Optionally, any other extra HTML attributes to the badge element (for example, data attributes).
+* Protected function `core_courseformat\output\local\content\section\availability::availability_info()` has been deprecated,
+`core_courseformat\output\local\content\section\availability::get_availability_data()` should be used instead.
 
 === 4.2 ===
 * New core_courseformat\base::get_context() to get the course context directly from the format instance.