If you can show me that they can sell without OpenAI approval on the secondary market, I would concede in a heartbeat.
If not, I am to assume this isn’t true, and that they are functionally non liquid possible assets at the discretion of OpenAI to sell
Yes, you might need approval, but if there's regular secondary sale does it matter?
> OpenAI has finalized a secondary share sale totaling $6.6 billion, allowing current and former employees to sell stock at a record $500 billion valuation, according to a person familiar with the transaction.
https://www.cnbc.com/2025/10/02/openai-share-sale-500-billio...