How does equity liquidity work at OpenAI now?

Recent history of employee liquidity:• October 2025: about $6.6B tender of vested shares to outside investors. The WSJ reported 600+ current and former employees took part, with a $30M per person cap.• August 10, 2026: about $7B employee share buyback at an $852B valuation, bought back by OpenAI directly this time.• OpenAI filed a confidential draft S-1 with the SEC on June 8, 2026, but hasn't set an IPO date. So liquidity has come roughly once a year, but it isn't guaranteed. Ask the recruiter about eligibility rules and any caps for the next window.Source: startuphub.ai ↗