Anthropic will let some insiders sell 10% of locked-up shares on IPO day
Anthropic official brand assets (anthropic.com)
Non-founder insiders can sell up to 10% of locked-up shares on IPO day, while co-founders stay locked up for up to a year.
Anthropic will allow some insiders to sell up to 10% of their locked-up shares as soon as its stock begins trading, according to the company’s S-1 filed Monday. The early release covers non-founder directors, officers and certain current and former employees and consultants.
Those holders can sell an additional 35% on the second full trading day after Anthropic publishes full-year 2026 results. The rest unlocks at the earlier of the second trading day after first-quarter 2027 results or 180 days after the IPO.
Founders face the longest wait
The seven co-founders and stockholders holding more than 0.5% of fully diluted shares are bound by an extended lockup. It ends at the earlier of the second trading day after third-quarter 2027 results or 365 days after the offering.
Other holders unlock in staged tranches, starting with up to 6% on the 27th and 48th days after the IPO. Goldman Sachs and Morgan Stanley can waive the restrictions early.
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The co-founders have each pledged 80% of their personal equity to philanthropy, the filing said. Anthropic warned that donations and later sales by recipients could put a significant number of shares on the market.
Disclosure: This article was edited by Diego Almada Lopez. For more information on how we create and review content, see our Editorial Policy.
