From CNBC: 2024-06-11 14:54:36

OpenAI, with a valuation over $80 billion, is allowing employees to sell equity in secondary transactions. Concerns have arisen over ex-employees withholding shares and the company’s control over stakeholders involved in the process. Various internal documents detail how OpenAI intends to handle equity sales moving forward, sparking heated discussions.

As OpenAI continues to grow and come under scrutiny, the company has implemented aggressive tactics regarding employees’ equity. Former employees were previously required to sign non-disparagement agreements in exchange for retaining vested equity, a controversial move that has since been reversed. Questions remain about how the company will handle equity in the future, highlighting ongoing tensions within OpenAI.

Amidst ongoing controversy, OpenAI recently hired Sarah Friar as its finance chief, bringing new leadership to the table. The company has conducted three tender rounds to date, each with various implications for current and former employees. With concerns over the handling of equity sales, OpenAI faces challenges in fostering trust and transparency among its stakeholders.



Read more at CNBC: OpenAI insider stock sales are raising concern among ex-employees