“OpenAI Gives Employees Extra Month to Opt Into Plan to Sell Shares”, Shirin Ghaffary, Edward Ludlow, Gillian Tan2023-11-30 (OA)⁠:

OpenAI is sticking with a plan to let employees sell shares in the company through what’s known as a tender offer, and it’s giving would-be participants an extra month to decide whether to take part, according to several people with knowledge of the matter.

Some investors dropped out of the tender offer following the shock ouster, one person with knowledge of the discussions said. But after Altman was reinstated as CEO, there was enough demand from investors to cover the dropouts’ portion of the deal, said this person, who asked not to be identified discussing private information.

In light of the recent events, the company is giving employees an extra month—until 5 January 2024 [+36 days], to opt in, the people said. Previously, the tender was due to close in early December 2023, people had said.

[Doubtless the “independent investigation” will not have been finished by the time that the tender closes.]