Even before Wednesday’s election-driven sell-off in tech stocks, Cerebras shares had fallen sharply since its initial public offering six months ago. That’s bad news for investors who bought at the IPO as well as employees who hung on to their newly public shares. 

But those insiders needn’t have gotten burned. Cerebras offered them the chance to sell much of their stock at various times over the past six months, which is unlike how newly public companies typically operate. The outcome holds a lesson for the employees of Anthropic, which like Cerebras has instituted a staggered schedule for when insiders can sell shares. The lesson: Take some money off the table as soon as you can.