Channel NewsAsia
Channel NewsAsia
AsiaPac · 2 hrs ago

Anthropic mulls mandatory employee stock trading plans after IPO, The Information reports

July 23 : Anthropic is considering requiring rank-and-file employees to sell stock through preset trading plans after it goes public to avoid insider-trading concerns, The Information reported on Thursday, citing people familiar with the matter.The Claude code creator and rival OpenAI are racing to go public as investor appetite for artificial intelligence fuels soaring valuations and companies compete to set the benchmark for valuing frontier AI firms. • All Anthropic employees might be have to use 10b5-1 trading plans, which require stock sales according to preset schedules and are typically used only by top executives and certain finance and legal staff, according to the Information report.• Anthropic did not immediately respond to a Reuters request for comment. • The plans would requir
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