OpenAI's Reported $7B Tender Holds the $852B Mark. Common Price Is Still Unshown: August 2026

A roughly $7B employee tender at OpenAI’s unchanged $852B primary mark gives staff a liquidity event, not a public common-share price. Forge’s $721.85 derived mark clears the latest $687.69 Series C preferred anchor by 5.0%, but the public record still does not show the tender price or an executable common bid. 12

The reported tender is the important new number: roughly $7B of employee shares, bought back by OpenAI, at the same $852B valuation as its latest fundraising round. The report does not disclose a per-share offer price, share class, sell cap, or the percentage of vested shares eligible. Treat the aggregate as reported but unconfirmed, not as a disclosed employee common-share quote. 1

Forge’s public page shows a $721.85 Forge Price and a latest Series C preferred anchor of $687.69 per share. That is a calculated 5.0% gap above the primary anchor, not a preferred-to-common spread: Forge labels its number an indicative derived price, while the public page does not expose an OpenAI-specific common bid, ask, last matched trade, instrument, or transaction size. 2

If you hold OpenAI common options: the confirmed sale price is none disclosed—not $721.85, not $687.69. The Series C row shows a 1.0x liquidation-preference multiplier, 1.0x conversion ratio, and 0.0% dividend, but those primary terms do not turn a derived mark into employee common liquidity. The public evidence supports a real reported tender event and a visible secondary mark; it does not support a sellable common-share number. 12