Everyone's focused on (https://www.cnbc.com/2026/06/01/anthropic-ipo-s1-prospectus.html) and software breaking above its 200-day, but the real forensic signal is buried in the insider data: C-suite liquidations across $CRWV, $CRWD, $SE, $VICR, and $ARM hit coordinated peaks in the last 48 hours. Jack Cogen alone dumped $3.8B notional at $CRWV on May 28—not tax-loss harvesting, not liquidity for diversification. That's pre-earnings unloading at peak confidence.

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