{
  "schemaVersion": "1.0.0",
  "mapId": "openai-access-map",
  "datasetId": "DF-OPENAI-ACCESS-MAP-V1",
  "company": {
    "id": "openai",
    "name": "OpenAI",
    "status": "pre-ipo",
    "archiveUrl": "/companies/openai"
  },
  "asOf": "2026-07-29",
  "collectionDate": "2026-07-29",
  "verificationDate": "2026-07-29",
  "coverageStatus": "Live",
  "methodologyUrl": "/methodology#maps",
  "stalenessThresholdDays": 90,
  "comparisonStatus": "Insufficient evidence",
  "rankingConclusion": "Insufficient evidence to rank responsibly.",
  "modeledQuoteNotice": "Modeled routes are not executable quotes. Current inventory, allocation, exact instruments and complete costs require transaction-level verification.",
  "summary": {
    "observedRouteCount": 3,
    "verifiedCurrentRouteCount": 0,
    "directlyComparableRouteCount": 0,
    "freshestVerificationDate": "2026-07-29",
    "evidenceConfidenceLabel": "Moderate-low to moderate",
    "mainLimitation": "No route is proven to be currently executable, complete or economically equivalent.",
    "conclusionTemplate": "{observedRouteCount} modeled OpenAI routes are documented, but none is currently proven to be an executable, complete or fully equivalent offer."
  },
  "confidenceMethodology": {
    "id": "landing-marketplace-confidence-v1",
    "name": "Marketplace route evidence confidence",
    "maximumScore": 100,
    "requiredComponents": ["priceSignal", "buyerFee", "otherEntryCosts", "instrumentMatch", "freshnessAndSource"],
    "components": {
      "priceSignal": {"maximum": 25, "values": {"platformIndicative": 25, "crossVenueReference": 12}},
      "buyerFee": {"maximum": 25, "values": {"exactRouteRate": 25, "publishedRange": 18}},
      "otherEntryCosts": {"maximum": 20, "values": {"complete": 20, "unresolved": 0}},
      "instrumentMatch": {"maximum": 15, "values": {"exact": 15, "routeAssumed": 5}},
      "freshnessAndSource": {"maximum": 15, "values": {"currentPrimary": 15, "currentPublicPlatform": 12, "datedPrimary": 10}}
    },
    "labels": [
      {"minimum": 75, "label": "High"},
      {"minimum": 60, "label": "Moderate"},
      {"minimum": 40, "label": "Moderate-low"},
      {"minimum": 0, "label": "Low"}
    ],
    "limitation": "Confidence measures evidence completeness and quality, not expected investment performance or route attractiveness."
  },
  "sources": [
    {"id": "SNAPSHOT-V2", "title": "OpenAI marketplace price explorer snapshot", "type": "Canonical Dark Floors dataset", "url": "/data/landing_marketplace_snapshot_v1.json", "verificationDate": "2026-07-29", "supports": "Modeled prices, buyer-fee inputs, unresolved costs, route labels and confidence inputs."},
    {"id": "ECONOMICS-V1", "title": "Marketplace economics coverage", "type": "Canonical Dark Floors dataset", "url": "/data/marketplace_economics_v1.json", "verificationDate": "2026-07-28", "supports": "No current company-specific opportunity verified and Forge direct-secondary coverage."},
    {"id": "FORGE-FEE-V1", "title": "Forge fee intelligence", "type": "Canonical Dark Floors dataset", "url": "/data/forge_fee_intelligence_2026-07-28.json", "verificationDate": "2026-07-28", "supports": "Forge typical minimum, transaction commission, transfer-cost and exit-cost unknowns."},
    {"id": "OPENAI-CORE-V1", "title": "OpenAI evidence archive", "type": "Canonical Dark Floors dataset", "url": "/data/openai_publishable_core_v1.csv", "verificationDate": "2026-07-10", "supports": "Company financing, secondary, fund-mark and filing evidence; not current route availability."},
    {"id": "FORGE-PRICE", "title": "Forge OpenAI company page", "type": "Public platform page", "url": "https://forgeglobal.com/search-companies/openai/", "verificationDate": "2026-07-29", "supports": "Forge Price signal; not an executable quote."},
    {"id": "FORGE-FAQ", "title": "Forge FAQs", "type": "Public platform primary source", "url": "https://forgeglobal.com/faqs/", "verificationDate": "2026-07-29", "supports": "Typical direct-secondary commission and transaction mechanics."},
    {"id": "EQUITYZEN-DSA", "title": "EquityZen Direct Share Acquisitions", "type": "Public platform primary source", "url": "https://help.equityzen.com/en/articles/8233717-direct-share-acquisitions-dsa", "verificationDate": "2026-07-29", "supports": "Published DSA buyer transaction fee; not current OpenAI availability."},
    {"id": "HIIVE-OPENAI", "title": "Hiive OpenAI stock page", "type": "Public platform page", "url": "https://www.hiive.com/securities/openai-stock", "verificationDate": "2026-07-29", "supports": "Model-derived indicative price; live orders require platform access."},
    {"id": "HIIVE-CRS", "title": "Hiive Form CRS", "type": "Public regulatory disclosure", "url": "https://www.hiive.com/form_CRS_April_2024.pdf", "verificationDate": "2026-07-29", "supports": "Direct-share commissions charged to sellers and possible buyer fees for private-fund transactions."}
  ],
  "routes": [
    {
      "id": "forge-modeled-direct",
      "provider": {"id": "forge", "name": "Forge", "entity": "Forge Securities LLC"},
      "product": {"name": "Modeled direct secondary", "status": "Modeled", "verifiedForCompany": false},
      "eligibility": {
        "status": "Eligibility screening required",
        "investorType": "Not established for a current OpenAI transaction",
        "geography": "Not disclosed for this modeled route",
        "accountRequirements": "Platform account and transaction-specific screening may be required",
        "sourceIds": ["ECONOMICS-V1", "FORGE-FEE-V1"]
      },
      "minimumInvestment": {
        "id": "forge-typical-minimum",
        "value": 100000,
        "currency": "USD",
        "unit": "transaction notional",
        "classification": "Observed",
        "state": "typical_not_hard_minimum",
        "sourceIds": ["FORGE-FEE-V1"],
        "effectiveDate": "2026-07-28",
        "publicationDate": "2026-06-25",
        "collectionDate": "2026-07-28",
        "verificationDate": "2026-07-28",
        "assumptions": [],
        "calculationTrail": "Canonical observation F003; smaller transactions may be allowed.",
        "evidenceQuality": "High for the typical platform minimum; not company-specific",
        "limitationNote": "This is not a hard eligibility floor or a verified OpenAI minimum. Commission may be higher below $100,000."
      },
      "advertisedPrice": {
        "id": "forge-price-signal",
        "value": 721.85,
        "currency": "USD",
        "unit": "per share",
        "classification": "Observed",
        "state": "indicative_not_executable",
        "sourceIds": ["SNAPSHOT-V2", "FORGE-PRICE"],
        "effectiveDate": null,
        "publicationDate": null,
        "collectionDate": "2026-07-29",
        "verificationDate": "2026-07-29",
        "assumptions": [],
        "calculationTrail": "Public Forge Price captured on the verification date.",
        "evidenceQuality": "Platform indicative",
        "limitationNote": "Not a bid, ask, quote or completed trade; the source publishes no effective timestamp."
      },
      "advertisedValuation": {"state": "not_disclosed", "label": "No route-specific advertised valuation verified", "sourceIds": ["SNAPSHOT-V2"]},
      "instrument": {"type": "Modeled direct-share route", "securityType": "Unknown", "shareClass": "Unknown", "verifiedForCompany": false, "legalOwner": "Unknown until transaction documents", "economicBeneficiary": "Unknown until transaction documents", "sourceIds": ["SNAPSHOT-V2", "ECONOMICS-V1"]},
      "ownershipChain": [
        {"id": "forge-investor", "name": "Investor", "role": "Prospective buyer", "legalOwner": "Not established", "economicRights": "Not established", "distributionControl": "Not established", "votingRights": "Unknown", "informationRights": "Unknown", "transferRestrictions": "Unknown", "counterpartyDependency": "Transaction counterparties and issuer approval may apply", "sourceIds": ["ECONOMICS-V1"], "materialUnknowns": ["Investor-specific eligibility"]},
        {"id": "forge-platform", "name": "Forge", "role": "Broker / platform", "legalOwner": "Not represented as owner", "economicRights": "None established by route evidence", "distributionControl": "Unknown", "votingRights": "Not applicable to platform role", "informationRights": "Not applicable to platform role", "transferRestrictions": "Transaction-specific", "counterpartyDependency": "Forge Securities LLC and transaction counterparties", "sourceIds": ["FORGE-FEE-V1"], "materialUnknowns": ["Exact commission agreement"]},
        {"id": "forge-structure", "name": "Direct-share route model", "role": "Assumed structure; unverified for OpenAI", "legalOwner": "Unknown", "economicRights": "Unknown", "distributionControl": "Unknown", "votingRights": "Unknown", "informationRights": "Unknown", "transferRestrictions": "Issuer and transfer restrictions may apply", "counterpartyDependency": "Issuer approval and settlement", "sourceIds": ["SNAPSHOT-V2", "ECONOMICS-V1"], "materialUnknowns": ["Exact instrument", "Registration path", "Share class"]},
        {"id": "forge-security", "name": "OpenAI security", "role": "Underlying exposure sought", "legalOwner": "Unknown", "economicRights": "Unknown", "distributionControl": "Unknown", "votingRights": "Unknown", "informationRights": "Unknown", "transferRestrictions": "Unknown", "counterpartyDependency": "OpenAI transfer approval may apply", "sourceIds": ["SNAPSHOT-V2"], "materialUnknowns": ["Security type", "Share class", "Rights"]},
        {"id": "forge-company", "name": "OpenAI", "role": "Target company exposure", "legalOwner": "Not established", "economicRights": "No route-specific rights verified", "distributionControl": "Not established", "votingRights": "Unknown", "informationRights": "Unknown", "transferRestrictions": "Unknown", "counterpartyDependency": "Issuer", "sourceIds": ["OPENAI-CORE-V1"], "materialUnknowns": ["Executable allocation"]}
      ],
      "rights": {"voting": "Unknown", "information": "Unknown", "distribution": "Unknown", "transfer": "Issuer and transaction-specific restrictions may apply", "sourceIds": ["SNAPSHOT-V2", "ECONOMICS-V1"]},
      "fees": [
        {"id": "forge-buyer-commission", "type": "buyer_fee", "name": "Typical successful-transaction commission", "timing": "entry", "classification": "Observed", "state": "quantified_range", "amount": {"kind": "percentage", "minimum": 0.02, "maximum": 0.04, "currency": "USD", "basis": "gross_capital"}, "sourceIds": ["FORGE-FEE-V1", "FORGE-FAQ"], "effectiveDate": "2026-07-28", "verificationDate": "2026-07-29", "formula": "Gross capital × 2% to 4%", "includedInKnownEntryCost": true, "material": true, "limitationNote": "Typical range only; actual commission may be higher, lower or zero."},
        {"id": "forge-small-transaction-uplift", "type": "buyer_fee", "name": "Possible small-transaction commission uplift", "timing": "entry", "classification": "Observed", "state": "amount_unavailable", "amount": null, "sourceIds": ["FORGE-FEE-V1"], "effectiveDate": "2026-07-28", "verificationDate": "2026-07-28", "formula": null, "includedInKnownEntryCost": false, "material": true, "limitationNote": "May be higher below the typical $100,000 transaction minimum."},
        {"id": "forge-transfer-cost", "type": "transfer", "name": "Issuer legal or transfer cost", "timing": "entry", "classification": "Observed", "state": "may_apply", "amount": null, "sourceIds": ["FORGE-FEE-V1"], "effectiveDate": "2026-07-28", "verificationDate": "2026-07-28", "formula": null, "includedInKnownEntryCost": false, "material": true, "limitationNote": "Issuer- and transaction-specific; amount unavailable."},
        {"id": "forge-exit-commission", "type": "exit", "name": "Future resale commission", "timing": "exit", "classification": "Observed", "state": "amount_unavailable", "amount": null, "sourceIds": ["FORGE-FEE-V1"], "effectiveDate": null, "verificationDate": "2026-07-28", "formula": null, "includedInKnownEntryCost": false, "material": true, "limitationNote": "Unknown until a future transaction agreement."}
      ],
      "costModel": {"status": "modeled_known_entry_cost", "basePriceDatapointId": "forge-price-signal", "shareEquivalentBasis": "unverified_instrument", "rounding": "USD to nearest cent", "unquantifiedCostsRemain": true},
      "availability": {"status": "Unverified", "effectiveDate": null, "collectionDate": "2026-07-29", "verificationDate": "2026-07-29", "evidenceType": "Public modeled price signal and platform coverage", "sourceIds": ["SNAPSHOT-V2", "ECONOMICS-V1", "FORGE-PRICE"], "stalenessState": "Current evidence; availability itself unverified", "note": "No current company-specific marketplace opportunity passed the availability boundary."},
      "liquidity": {"status": "Transfer-restriction dependent", "mechanism": "Future listing may be possible, subject to market and transfer conditions", "sourceIds": ["FORGE-FEE-V1"], "note": "No current secondary exit or future commission is verified for this route."},
      "materialUnknowns": ["Executable ask", "Exact commission agreement", "Current allocation", "Security type and share class", "Voting and information rights", "Issuer legal or transfer fee", "Future resale and exit cost"],
      "comparability": {"status": "Insufficient evidence", "reasons": ["Exact instrument unverified", "Share class unknown", "Rights unknown", "Availability unverified", "Material costs unquantified"], "rankingEligible": false},
      "confidence": {"methodologyId": "landing-marketplace-confidence-v1", "inputs": {"priceSignal": "platformIndicative", "buyerFee": "publishedRange", "otherEntryCosts": "unresolved", "instrumentMatch": "routeAssumed", "freshnessAndSource": "currentPrimary"}, "expectedScore": 63, "expectedLabel": "Moderate", "deductions": ["Other entry costs unresolved", "Instrument match is assumed"]},
      "sourceIds": ["SNAPSHOT-V2", "ECONOMICS-V1", "FORGE-FEE-V1", "FORGE-PRICE", "FORGE-FAQ"]
    },
    {
      "id": "equityzen-modeled-dsa",
      "provider": {"id": "equityzen", "name": "EquityZen", "entity": "Exact transaction entity not established"},
      "product": {"name": "Modeled direct share acquisition", "status": "Modeled", "verifiedForCompany": false},
      "eligibility": {"status": "Account-gated", "investorType": "Accreditation and offering eligibility must be verified in account", "geography": "Unknown for a current OpenAI route", "accountRequirements": "Current price and deal documents are account-gated", "sourceIds": ["SNAPSHOT-V2", "EQUITYZEN-DSA"]},
      "minimumInvestment": {"id": "equityzen-minimum", "value": null, "currency": "USD", "unit": "transaction notional", "classification": "Unknown", "state": "not_disclosed", "sourceIds": ["SNAPSHOT-V2"], "effectiveDate": null, "publicationDate": null, "collectionDate": "2026-07-29", "verificationDate": "2026-07-29", "assumptions": [], "calculationTrail": null, "evidenceQuality": "Insufficient", "limitationNote": "No current OpenAI minimum was verified."},
      "advertisedPrice": {"id": "equityzen-pps-proxy", "value": 687.69, "currency": "USD", "unit": "per share", "classification": "Normalized", "state": "cross_venue_proxy", "sourceIds": ["SNAPSHOT-V2", "FORGE-PRICE", "OPENAI-CORE-V1"], "effectiveDate": "2026-03-31", "publicationDate": "2026-03-31", "collectionDate": "2026-07-29", "verificationDate": "2026-07-29", "assumptions": ["Latest public OpenAI funding-round PPS is used only as a labeled model input"], "calculationTrail": "Canonical snapshot normalized the public funding-round PPS proxy.", "evidenceQuality": "Cross-venue reference", "limitationNote": "Not an EquityZen ask, available deal or proof of equivalent security."},
      "advertisedValuation": {"state": "not_disclosed", "label": "No current EquityZen OpenAI valuation verified", "sourceIds": ["SNAPSHOT-V2"]},
      "instrument": {"type": "Modeled direct share acquisition", "securityType": "Unknown", "shareClass": "Unknown", "verifiedForCompany": false, "legalOwner": "Unknown until offering documents", "economicBeneficiary": "Unknown until offering documents", "sourceIds": ["SNAPSHOT-V2", "EQUITYZEN-DSA"]},
      "ownershipChain": [
        {"id": "equityzen-investor", "name": "Investor", "role": "Prospective participant", "legalOwner": "Not established", "economicRights": "Not established", "distributionControl": "Not established", "votingRights": "Unknown", "informationRights": "Unknown", "transferRestrictions": "Unknown", "counterpartyDependency": "Eligibility and transaction approval", "sourceIds": ["SNAPSHOT-V2"], "materialUnknowns": ["Current eligibility"]},
        {"id": "equityzen-platform", "name": "EquityZen", "role": "Platform / intermediary", "legalOwner": "Exact role not established for OpenAI", "economicRights": "Not established", "distributionControl": "Unknown", "votingRights": "Not applicable to platform role", "informationRights": "Not applicable to platform role", "transferRestrictions": "Offering-specific", "counterpartyDependency": "EquityZen transaction entity", "sourceIds": ["EQUITYZEN-DSA"], "materialUnknowns": ["Exact transaction entity"]},
        {"id": "equityzen-structure", "name": "DSA route model", "role": "Modeled direct-share structure; unverified for OpenAI", "legalOwner": "Unknown", "economicRights": "Unknown", "distributionControl": "Unknown", "votingRights": "Unknown", "informationRights": "Unknown", "transferRestrictions": "Unknown", "counterpartyDependency": "Issuer and transaction counterparties", "sourceIds": ["SNAPSHOT-V2", "EQUITYZEN-DSA"], "materialUnknowns": ["Current structure", "Registration path"]},
        {"id": "equityzen-security", "name": "OpenAI security", "role": "Underlying exposure sought", "legalOwner": "Unknown", "economicRights": "Unknown", "distributionControl": "Unknown", "votingRights": "Unknown", "informationRights": "Unknown", "transferRestrictions": "Unknown", "counterpartyDependency": "Issuer approval may apply", "sourceIds": ["SNAPSHOT-V2"], "materialUnknowns": ["Security type", "Share class", "Rights"]},
        {"id": "equityzen-company", "name": "OpenAI", "role": "Target company exposure", "legalOwner": "Not established", "economicRights": "No route-specific rights verified", "distributionControl": "Not established", "votingRights": "Unknown", "informationRights": "Unknown", "transferRestrictions": "Unknown", "counterpartyDependency": "Issuer", "sourceIds": ["OPENAI-CORE-V1"], "materialUnknowns": ["Executable allocation"]}
      ],
      "rights": {"voting": "Unknown", "information": "Unknown", "distribution": "Unknown", "transfer": "Unknown until transaction documents", "sourceIds": ["SNAPSHOT-V2"]},
      "fees": [
        {"id": "equityzen-buyer-fee", "type": "buyer_fee", "name": "Published DSA buyer transaction fee", "timing": "entry", "classification": "Observed", "state": "quantified", "amount": {"kind": "percentage", "minimum": 0.025, "maximum": 0.025, "currency": "USD", "basis": "gross_capital"}, "sourceIds": ["SNAPSHOT-V2", "EQUITYZEN-DSA"], "effectiveDate": "2026-02-19", "verificationDate": "2026-07-29", "formula": "Gross capital × 2.5%", "includedInKnownEntryCost": true, "material": true, "limitationNote": "Published rate for a Direct Share Acquisition up to $10 million; not a current OpenAI quote."},
        {"id": "equityzen-issuer-processing", "type": "transfer", "name": "Issuer processing or transfer fee", "timing": "entry", "classification": "Unknown", "state": "may_apply", "amount": null, "sourceIds": ["SNAPSHOT-V2"], "effectiveDate": null, "verificationDate": "2026-07-29", "formula": null, "includedInKnownEntryCost": false, "material": true, "limitationNote": "May apply; amount unavailable."},
        {"id": "equityzen-exit-admin", "type": "exit", "name": "Exit administration", "timing": "exit", "classification": "Unknown", "state": "not_disclosed", "amount": null, "sourceIds": ["SNAPSHOT-V2"], "effectiveDate": null, "verificationDate": "2026-07-29", "formula": null, "includedInKnownEntryCost": false, "material": true, "limitationNote": "No current amount or mechanism verified."}
      ],
      "costModel": {"status": "modeled_known_entry_cost", "basePriceDatapointId": "equityzen-pps-proxy", "shareEquivalentBasis": "cross_venue_proxy_and_unverified_instrument", "rounding": "USD to nearest cent", "unquantifiedCostsRemain": true},
      "availability": {"status": "Account-gated", "effectiveDate": null, "collectionDate": "2026-07-29", "verificationDate": "2026-07-29", "evidenceType": "Public route fee disclosure; company deal details gated", "sourceIds": ["SNAPSHOT-V2", "EQUITYZEN-DSA"], "stalenessState": "Current evidence; availability itself unverified", "note": "No current OpenAI ask or allocation was publicly verified."},
      "liquidity": {"status": "Unknown", "mechanism": "No route-specific exit mechanism verified", "sourceIds": ["SNAPSHOT-V2"], "note": "Availability does not establish liquidity."},
      "materialUnknowns": ["Current EquityZen OpenAI ask", "Current availability", "Minimum investment", "Issuer processing or transfer fee", "Exact instrument and share class", "Ownership and voting rights", "Exit administration"],
      "comparability": {"status": "Insufficient evidence", "reasons": ["Cross-venue price proxy", "Exact instrument unverified", "Share class unknown", "Availability account-gated", "Material costs unquantified"], "rankingEligible": false},
      "confidence": {"methodologyId": "landing-marketplace-confidence-v1", "inputs": {"priceSignal": "crossVenueReference", "buyerFee": "exactRouteRate", "otherEntryCosts": "unresolved", "instrumentMatch": "routeAssumed", "freshnessAndSource": "currentPrimary"}, "expectedScore": 57, "expectedLabel": "Moderate-low", "deductions": ["Price is a cross-venue proxy", "Other entry costs unresolved", "Instrument match is assumed"]},
      "sourceIds": ["SNAPSHOT-V2", "EQUITYZEN-DSA", "OPENAI-CORE-V1"]
    },
    {
      "id": "hiive-modeled-direct",
      "provider": {"id": "hiive", "name": "Hiive", "entity": "Exact transaction entity not established"},
      "product": {"name": "Modeled direct-share route", "status": "Modeled", "verifiedForCompany": false},
      "eligibility": {"status": "Account-gated", "investorType": "Qualified-participant requirements must be verified in account", "geography": "Unknown for a current OpenAI route", "accountRequirements": "Platform access required for live orders", "sourceIds": ["SNAPSHOT-V2", "HIIVE-OPENAI"]},
      "minimumInvestment": {"id": "hiive-minimum", "value": null, "currency": "USD", "unit": "transaction notional", "classification": "Unknown", "state": "not_disclosed", "sourceIds": ["SNAPSHOT-V2"], "effectiveDate": null, "publicationDate": null, "collectionDate": "2026-07-29", "verificationDate": "2026-07-29", "assumptions": [], "calculationTrail": null, "evidenceQuality": "Insufficient", "limitationNote": "No current OpenAI minimum was verified."},
      "advertisedPrice": {"id": "hiive-price-signal", "value": 687.69, "currency": "USD", "unit": "per share", "classification": "Observed", "state": "indicative_not_executable", "sourceIds": ["SNAPSHOT-V2", "HIIVE-OPENAI"], "effectiveDate": "2026-06-26", "publicationDate": null, "collectionDate": "2026-07-29", "verificationDate": "2026-07-29", "assumptions": [], "calculationTrail": "Hiive model-derived indicative price captured by the canonical snapshot.", "evidenceQuality": "Platform indicative", "limitationNote": "Not a live ask or completed trade; live orders require platform access."},
      "advertisedValuation": {"state": "not_disclosed", "label": "No route-specific advertised valuation verified", "sourceIds": ["SNAPSHOT-V2"]},
      "instrument": {"type": "Modeled direct-share route", "securityType": "Unknown", "shareClass": "Unknown", "verifiedForCompany": false, "legalOwner": "Unknown until transaction documents", "economicBeneficiary": "Unknown until transaction documents", "sourceIds": ["SNAPSHOT-V2", "HIIVE-OPENAI"]},
      "ownershipChain": [
        {"id": "hiive-investor", "name": "Investor", "role": "Prospective participant", "legalOwner": "Not established", "economicRights": "Not established", "distributionControl": "Not established", "votingRights": "Unknown", "informationRights": "Unknown", "transferRestrictions": "Unknown", "counterpartyDependency": "Qualification and transaction approval", "sourceIds": ["HIIVE-OPENAI"], "materialUnknowns": ["Current eligibility"]},
        {"id": "hiive-platform", "name": "Hiive", "role": "Marketplace / intermediary", "legalOwner": "Exact role not established for OpenAI", "economicRights": "Not established", "distributionControl": "Unknown", "votingRights": "Not applicable to platform role", "informationRights": "Not applicable to platform role", "transferRestrictions": "Transaction-specific", "counterpartyDependency": "Hiive transaction entity and counterparties", "sourceIds": ["HIIVE-OPENAI", "HIIVE-CRS"], "materialUnknowns": ["Exact transaction entity"]},
        {"id": "hiive-structure", "name": "Direct-share route model", "role": "Assumed structure; unverified for OpenAI", "legalOwner": "Unknown", "economicRights": "Unknown", "distributionControl": "Unknown", "votingRights": "Unknown", "informationRights": "Unknown", "transferRestrictions": "Issuer and transaction restrictions may apply", "counterpartyDependency": "Issuer and settlement", "sourceIds": ["SNAPSHOT-V2", "HIIVE-CRS"], "materialUnknowns": ["Whether direct route is available", "Registration path"]},
        {"id": "hiive-security", "name": "OpenAI security", "role": "Underlying exposure sought", "legalOwner": "Unknown", "economicRights": "Unknown", "distributionControl": "Unknown", "votingRights": "Unknown", "informationRights": "Unknown", "transferRestrictions": "Unknown", "counterpartyDependency": "Issuer approval may apply", "sourceIds": ["SNAPSHOT-V2"], "materialUnknowns": ["Security type", "Share class", "Rights"]},
        {"id": "hiive-company", "name": "OpenAI", "role": "Target company exposure", "legalOwner": "Not established", "economicRights": "No route-specific rights verified", "distributionControl": "Not established", "votingRights": "Unknown", "informationRights": "Unknown", "transferRestrictions": "Unknown", "counterpartyDependency": "Issuer", "sourceIds": ["OPENAI-CORE-V1"], "materialUnknowns": ["Executable allocation"]}
      ],
      "rights": {"voting": "Unknown", "information": "Unknown", "distribution": "Unknown", "transfer": "Unknown until transaction documents", "sourceIds": ["SNAPSHOT-V2"]},
      "fees": [
        {"id": "hiive-direct-buyer-commission", "type": "buyer_fee", "name": "Buyer commission in modeled direct-share route", "timing": "entry", "classification": "Interpreted", "state": "not_applicable", "amount": {"kind": "percentage", "minimum": 0, "maximum": 0, "currency": "USD", "basis": "gross_capital"}, "sourceIds": ["SNAPSHOT-V2", "HIIVE-CRS"], "effectiveDate": "2025-09-03", "verificationDate": "2026-07-29", "formula": "No buyer commission included for the modeled direct-share route", "includedInKnownEntryCost": true, "material": true, "limitationNote": "Form CRS says direct-share commissions are charged to sellers; this does not prove zero total cost or that a direct OpenAI route is available."},
        {"id": "hiive-transfer-cost", "type": "transfer", "name": "Company transfer or legal cost", "timing": "entry", "classification": "Unknown", "state": "amount_unavailable", "amount": null, "sourceIds": ["SNAPSHOT-V2"], "effectiveDate": null, "verificationDate": "2026-07-29", "formula": null, "includedInKnownEntryCost": false, "material": true, "limitationNote": "Amount unresolved."},
        {"id": "hiive-private-fund-fees", "type": "vehicle", "name": "Private-fund fees if direct route is unavailable", "timing": "entry", "classification": "Observed", "state": "may_apply", "amount": null, "sourceIds": ["SNAPSHOT-V2", "HIIVE-CRS"], "effectiveDate": "2025-09-03", "verificationDate": "2026-07-29", "formula": null, "includedInKnownEntryCost": false, "material": true, "limitationNote": "Private-fund buyer fees may apply; route availability and amount are unresolved."},
        {"id": "hiive-exit-cost", "type": "exit", "name": "Future resale and exit cost", "timing": "exit", "classification": "Unknown", "state": "not_disclosed", "amount": null, "sourceIds": ["SNAPSHOT-V2"], "effectiveDate": null, "verificationDate": "2026-07-29", "formula": null, "includedInKnownEntryCost": false, "material": true, "limitationNote": "No current amount or mechanism verified."}
      ],
      "costModel": {"status": "modeled_known_entry_cost", "basePriceDatapointId": "hiive-price-signal", "shareEquivalentBasis": "unverified_instrument", "rounding": "USD to nearest cent", "unquantifiedCostsRemain": true},
      "availability": {"status": "Account-gated", "effectiveDate": "2026-06-26", "collectionDate": "2026-07-29", "verificationDate": "2026-07-29", "evidenceType": "Public indicative company page; live orders gated", "sourceIds": ["SNAPSHOT-V2", "HIIVE-OPENAI"], "stalenessState": "Current evidence; availability itself unverified", "note": "The public indication does not prove a live order, allocation or executable quote."},
      "liquidity": {"status": "Unknown", "mechanism": "No route-specific exit mechanism verified", "sourceIds": ["SNAPSHOT-V2"], "note": "A public price indication does not establish liquidity."},
      "materialUnknowns": ["Executable ask", "Current direct-route availability", "Minimum investment", "Company transfer or legal fee", "Exact share class and rights", "Private-fund fees if direct route is unavailable", "Future resale and exit cost"],
      "comparability": {"status": "Insufficient evidence", "reasons": ["Exact instrument unverified", "Share class unknown", "Route may instead be a fund", "Availability account-gated", "Material costs unquantified"], "rankingEligible": false},
      "confidence": {"methodologyId": "landing-marketplace-confidence-v1", "inputs": {"priceSignal": "platformIndicative", "buyerFee": "exactRouteRate", "otherEntryCosts": "unresolved", "instrumentMatch": "routeAssumed", "freshnessAndSource": "datedPrimary"}, "expectedScore": 65, "expectedLabel": "Moderate", "deductions": ["Other entry costs unresolved", "Instrument match is assumed", "Fee source is dated primary evidence"]},
      "sourceIds": ["SNAPSHOT-V2", "HIIVE-OPENAI", "HIIVE-CRS", "OPENAI-CORE-V1"]
    }
  ]
}