Comment by ceejayoz
6 hours ago
This is the general rule, but not for ones the size of OpenAI. There’s always a secondary market for prominent enough companies.
6 hours ago
This is the general rule, but not for ones the size of OpenAI. There’s always a secondary market for prominent enough companies.
Dont all private companies require approval for secondary sales, which I assume are not ever approved?
They do, but you sell forward contracts instead. This is perfectly legal, and the approach I've seen. There are a few companies, and even funds that will engage in this, in an effort to attain future upside.
Typically. I’d be shocked if OpenAI let employees sell their options like this without requiring approval
They don't but you effectively do it under the table