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by madisp 755 days ago
Are stock options "vested equity"? Afaik they're a derivative, and it's surprising to see this exact phrase both in the OpenAI's response to the vox.com article and in sama's tweet. Also, isn't OpenAI using some sort of profit-sharing units instead of options?
1 comments

Yes to all of your questions, but not sure what your point is.
That consciously using the wrong term could allow weaseling out: we never clawed back vested equity. We only clawed back profit sharing units.