'Also, just, consider the situation here. I come to you and say “hey I have some Anthropic shares, I can’t sell them now but I’ll sell you a forward on them.” You say “isn't that not allowed?” I say “oh sure it’s not allowed but I am a rebel, I’m not bound by those pesky rules.” You’re like “okay I guess” and give me money, now, for shares in the future. How do you know I even have the shares in the first place? What if I’m just lying? You already know that I am willing to break some rules; what if I’m breaking the rules against fraud?'
I don't even think you could buy hedges or insurance against this counterparty risk, because Anthropic could probably get those voided in court too.
Large insiders (founders, investors et al), still get to unload their shares (i.e. to future investors), while employees who might have worked for the company for years and accumulated options (or sometimes unsellable RSUs) due to the company not being public get hit with large tax hits either at the same of vesting (for RSUs, but at least that's somewhat manageable) or at the time of leaving the company (due to the need to buy one's shares within 90 days or lose them and then be hit with a tax on the delta).
How would that all play out?
> We are aware of individuals or investment firms offering access to Anthropic financing rounds, or offering to purchase your Anthropic shares in violation of our transfer restrictions. To be clear, the following firms are not authorized to buy or sell Anthropic shares:
Open Door Partners
Unicorns Exchange
Pachamama
Lionheart Ventures
Hiive (new offerings)
Forge (new offerings)
Sydecar
Upmarket
