Anthropic completes 1-for-1,000 reverse stock split of Class T shares

Anthropic has completed a 1-for-1,000 reverse stock split of its Class T common stock. The move covers both the authorized and the issued shares in that class. Class T is the stock tied to the body that helps decide who sits on Anthropic’s board. What actually happened A reverse split is a stock split run backwards. Instead of turning one share into many, it turns many shares into one. Here, every 1,000 Class T shares became a single share. The total number of shares shrinks dramatically, and the value attached to each remaining share rises by the same factor. The same logic applies to ownership. A reverse split does not change anyone’s percentage stake in the company. Holders end up with fewer shares, but their slice of the pie stays the same size. The split applies to Anthropic’s authorized Class T shares as well as the ones already issued. Authorized shares are the ceiling a company sets on how many shares it can create in a given class. Shrinking both figures together keeps the class proportionate after the consolidation. Why Class T matters Anthropic was founded by former OpenAI executives, and it has built an unusual governance structure around itself. The centerpiece is its ...