Unverified60% confidenceFactExact time
Anthropic will establish five classes of stock: Class A shares carry one vote per share but with total voting power capped at 49.9%; a single Class F share is held by the founder's company and carries 50.1% voting power; a single Class T share is held by a trust and directly elects a majority of board members; Class N shares receive profits but have no voting rights; and Class E shares are for employees and can vote only on a small number of matters.
2
Sources
60%
Confidence
Long-term
Relevance
10/31/2026
First Seen
Sources
Anthropic Files S-1: A $500 Billion Bet and Founder Absolute Control
youtubePaper Trail10/29/2026
Related Entities
Related Claims
UnverifiedThrough a special trust arrangement plus seven founders, Anthropic can decide the entire board slate, and ordinary IPO investors receive only economic rights without control.70% similarUnverifiedIn a dual-class share structure, founders' Class B shares can carry 5, 10, or even 20 votes per share, and Google, Facebook, and Snap all employ similar arrangements.69% similarUnverifiedA dual-class share structure gives shares held by founders voting rights that are multiples of those of ordinary shares, thereby giving them an advantage in shareholder votes.65% similarUnverifiedNon-voting shares carry only economic rights such as dividends and capital appreciation, with virtually no voting rights at shareholder meetings.64% similarUnverifiedIn a typical dual-class share structure, Class A shares are purchased by ordinary investors and generally carry one vote per share, while Class B shares are held by founders and can carry ten or more votes per share.64% similar
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