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

The AI company consolidated the special share class tied to its Long-Term Benefit Trust as it reportedly prepares for a November 2026 IPO 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. 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.

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