The Information reported on Thursday that Anthropic is considering requiring rank-and-file employees to sell shares under pre-set trading plans after an IPO to avoid insider-trading concerns. The company may require all employees to use 10b5-1 plans—typically limited to executives and some finance/legal staff—which specify timing, quantity and price on a preset schedule. Discussions between Anthropic executives and external advisers are ongoing and no decision has been made. Anthropic is also we

The Information reported on Thursday that Anthropic is considering requiring rank-and-file employees to sell shares under pre-set trading plans after an IPO to avoid insider-trading concerns. The company may require all employees to use 10b5-1 plans—typically limited to executives and some finance/legal staff—which specify timing, quantity and price on a preset schedule. Discussions between Anthropic executives and external advisers are ongoing and no decision has been made. Anthropic is also weighing how many shares existing shareholders could sell on the IPO day and the length of the post-IPO lockup.