After companies IPO, they typically have lock-up periods during which employees can't sell their stock. These lock-up periods are typically 3 or 6 months, though longer and shorter lock-up periods aren't unheard of.

How long will the lock-up period be for Anthropic?

For the purposes of this question, the lock-up period will be defined as the time period starting on the day of the IPO and ending on the day when Anthropic employees can sell stock (including shares that are in DAFs) that is collectively worth 5% of Anthropic's valuation.

If Anthropic doesn't IPO by end of 2027, this question will resolve N/A.