As Anthropic prepares to go public, it is considering a highly unusual move to require rank-and-file employees to sell stock through rigid trading schedules so they don’t run afoul of insider trading laws, said a person familiar with the matter and a person briefed on it. At companies that have used such trading plans, typically only top executives and some finance and legal staff adopt them. The arrangements, called 10b5-1 plans, require executives and directors to sell stock according to preset schedules that outline how many shares they’ll sell and at what prices.
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