Never having worked for a company in a position like OpenAI, how does this manifest in the real world as actual comp?
Like I get 50,000 shares deposited in to my Fidelity account, worth $2 each, but i can't sell them or do anything with them?
Like I get 50,000 shares deposited in to my Fidelity account, worth $2 each, but i can't sell them or do anything with them?
The shares are valued by an accounting firm auditor of some type. This determines the basis value if you're paying taxes up-front. After that the tax situation should be the same as getting publicly traded options/shares, there's some choices in how you want to handle the taxes but generally you file a special tax form at the year of grant.
For all practical purposes it’s worth nothing until there is a liquid market. Given current financials, and preferred cap table terms for those investing cash, shares the average employee has likely aren’t worth much or maybe even anything at the moment.