Insiders at OpenAI and Anthropic sold approximately $14 billion in shares through tender offers. These liquidity events allow employees and early investors to monetize equity before public listings.
The sales highlight the massive valuations currently driving the generative AI sector. OpenAI completed a $6.6 billion employee share sale in late 2025. The company previously finalized a $1.5 billion transaction in 2024.
Anthropic launched a multi-billion dollar tender offer for its staff in early 2026. Both firms are providing liquidity as they prepare for anticipated initial public offerings.