⚡ OPENAI · AI · San Francisco, CA · FORM D · FORM 4 · S-1 · CITE FREELY · NOT INVESTMENT ADVICE  ·  ⚡ OPENAI · AI · San Francisco, CA · FORM D · FORM 4 · S-1 · CITE FREELY · NOT INVESTMENT ADVICE
company · openai · ai

THE openai LEDGER

RESEARCH ARTIFACT · NOT INVESTMENT ADVICEFoundation model lab behind ChatGPT and the GPT model family. Capped-profit structure layered over a non-profit board.
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OpenAI, Inc.

Foundation model lab behind ChatGPT and the GPT model family. Capped-profit structure layered over a non-profit board.

Founded 2015San Francisco, CA
No direct Form D filings on EDGAR

OpenAI's operating entity has not filed Form D directly with the SEC. All OpenAI-related EDGAR filings we found are third-party SPVs (OpenAI Startup Fund SPVs, MAV OpenAI Fund series, Hiive secondary funds, Homies SPV series, OpenAI Tender Fund). This is unusual for a $80B+ company and is itself a research-worthy finding — capital flows are largely opaque to anyone relying on Form D parsing.

Empty pages destroy trust. We deliberately don't render an empty filings panel here until the data source is verified.

Research artifact · structural finding
Why OpenAI doesn't file Form D — the SPV ecosystem catalog →

We catalogued 90+ third-party SPVs filing under the names "OpenAI" and "Anthropic". Every CIK is linked back to EDGAR. The full long-form analysis explains the five SPV categories visible in the data and what they mean for anyone trying to track capital flow into these two companies.

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