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Sources said that while AI company Anthropic is preparing for an IPO, it is considering implementing unconventional arrangements to force ordinary employees to reduce their stock holdings through a fixed schedule to prevent the risk of insider trading. Previously, most of the 10b5-1 plans were limited to executives, finance, and legal personnel. According to sources, AI company Anthropic is preparing for an IPO in September as early as possible and is considering a special system: requiring ordinary employees to use a 10b5-1 pre-set trading plan to reduce their stock holdings. The purpose of this move is to maintain a corporate culture of open internal information, prevent the risk of insider trading, and spread the impact of centralized sell-offs on stock prices. At the same time, the company is also negotiating shareholders' holdings reduction limits and lock-up arrangements for the first day of listing. Industry lawyers said that more and more tech startups are implementing similar policies, but the arrangement will deprive employees of the flexibility to sell shares at their own opportunity.

Zhitongcaijing·07/23/2026 13:09:31
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Sources said that while AI company Anthropic is preparing for an IPO, it is considering implementing unconventional arrangements to force ordinary employees to reduce their stock holdings through a fixed schedule to prevent the risk of insider trading. Previously, most of the 10b5-1 plans were limited to executives, finance, and legal personnel. According to sources, AI company Anthropic is preparing for an IPO in September as early as possible and is considering a special system: requiring ordinary employees to use a 10b5-1 pre-set trading plan to reduce their stock holdings. The purpose of this move is to maintain a corporate culture of open internal information, prevent the risk of insider trading, and spread the impact of centralized sell-offs on stock prices. At the same time, the company is also negotiating shareholders' holdings reduction limits and lock-up arrangements for the first day of listing. Industry lawyers said that more and more tech startups are implementing similar policies, but the arrangement will deprive employees of the flexibility to sell shares at their own opportunity.