Employee tender offers with per-seller caps that define the modern liquidity event.
August 10, 2026 at 5:03 PM PDT
Current and former staff sold stock in the company's third tender offer. How much they keep depends on holding periods, how the shares were acquired and, for many, California's treatment of gains.
CNBC reported OpenAI could confidentially file IPO paperwork within days, giving staff and alumni a narrowing window to settle basis records, QSBS eligibility, 83(b) history and residency before shares become tradable.
Current and former staff sold stock at a $500 billion valuation with per-person payouts as high as $30 million, and how much they keep depends on what kind of equity they held.