Overview
- More than 600 current and former workers sold shares in an October 2025 tender totaling about $6.6 billion, with roughly 75 hitting the $30 million cap.
- OpenAI requires a two-year hold before sales, so many who joined after ChatGPT’s late-2022 debut could cash out for the first time.
- The company raised its per-person limit from $10 million to $30 million in response to strong demand from outside investors.
- Reports peg OpenAI’s private valuation in the hundreds of billions, with accounts around the sale ranging from roughly $400 billion to higher figures.
- Some employees moved remaining shares into donor-advised funds for tax-favored giving as investors test tokenized products that track OpenAI without conferring equity.