Overview
- The tender offer, held in October 2025, let more than 600 current and former workers sell shares worth about $6.6 billion.
- The sale valued OpenAI at about $400 billion and raised the per-person limit from $10 million to $30 million, which about 75 sellers reached.
- Many workers moved remaining holdings into donor-advised funds to lock in tax benefits for future giving.
- Employees who joined after ChatGPT could sell after a two-year hold, and early grants have risen more than 100-fold.
- OpenAI exposure is now showing up in venture tokens after Robinhood Ventures bought about $75 million of stock, though those tokens do not confer actual shares.