4 ms·
Dont all private companies require approval for secondary sales, which I assume are not ever approved?
by soared 9mo ago
Dont all private companies require approval for secondary sales, which I assume are not ever approved?
- no_wizard 9mo agoTypically. I’d be shocked if OpenAI let employees sell their options like this without requiring approval
- htrp 9mo agoThey don't but you effectively do it under the table
- raw_anon_1111 9mo agoDo they sell at full value?
- judahmeek 9mo agoHow do you define value without an IPO?
- matt-attack 9mo agoWhatever they sell them for is the value.
- cik 9mo agoThey 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.
- throw-12-16 9mo agoIts pretty common, Ive personally done this.