Anthropic’s S-1 states the company does not expect to pay dividends “for the foreseeable future,” meaning the only way to pull income from the stock is to sell shares at whatever price the market sets. The filing also maps out 23 separate lock-up release dates stretching across the first year after the listing. Choosing ANT as a path to doing better financially in retirement depends on the stock rising fast enough to cover withdrawals while absorbing an $80.75 billion first-half net loss driven largely by non-cash charges and a share structure that caps public voting power at 50.1% of the total. Non-founder directors, officers, and certain employees may sell up to 10% of their holdings from the first trading day, with a further 35% released after full-year 2026 results, and the remainder unlocks at the earlier of 180 days or first-quarter 2027 results. Co-founders face a tighter schedule, with up to 29% available at the 180-day mark and the rest held until the earlier of 365 days or third-quarter 2027 results. Additional tranches for other stockholders arrive on days 27, 48, 62, and 76 after the prospectus filing. Lead underwriters Goldman Sachs and Morgan Stanley hold the authority to release locked shares early.