If Anthropic PBC has achieved the superior outcome in the trial-level resolution of Anthropic PBC v. U.S. Department of War et al. (originally filed in the U.S. District Court, Northern District of California), then the market resolves to Yes.

Anthropic PBC achieves the superior outcome through the following exclusive hierarchy: 1. **Net Monetary Recovery (Highest Priority):** Anthropic PBC achieves the superior outcome if they receive a larger net monetary award than all opposing parties combined (after offsetting any awards against Anthropic PBC). Attorney's fees and costs are excluded. 2. **Substantive Legal Victory (Second Priority):** If no net monetary advantage exists, Anthropic PBC achieves the superior outcome if they prevail on claims seeking the largest dollar amount of relief in their original pleadings, or if relief amounts are equal, on the greater number of primary causes of action. 3. **Case Termination Advantage (Third Priority):** If the case terminates without substantive judgment, Anthropic PBC achieves the superior outcome if (as defendant) all claims are dismissed with prejudice, or (as plaintiff) opposing parties voluntarily dismiss all claims with prejudice. All other termination scenarios result in no superior outcome for any party. **Settlements:** Superior outcome if net payment flows to Anthropic PBC; no superior outcome if payment flows from Anthropic PBC; no party achieves superior outcome if terms are sealed or undisclosed. **Key exclusions:** Applies only to trial-level resolution — specifically excludes all appeals processes. Procedural victories alone do not constitute superior outcomes.

Series KXANTHROPICDOD-28 Event KXANTHROPICDOD-28 Market KXANTHROPICDOD-28