Following its planned IPO, Anthropic has required all employees to sell their shares through a pre-arranged trading plan
Svmuu News: Artificial intelligence giant Anthropic is considering a relatively rare arrangement following its initial public offering, requiring regular employees to sell their shares through a pre-set trading plan to avoid violating insider trading regulations. According to reports, the arrangement will utilize a 10b5-1 trading plan, which involves pre-setting the timing and quantity of stock sales and executing them according to a predetermined schedule. Typically, such plans are primarily intended for company executives, directors, and certain finance and legal personnel; if Anthropic ultimately implements this, it would extend the scope to rank-and-file employees—a relatively uncommon practice. (theinformation)
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