Resolves YES if: OpenAI common stock begins trading on a public exchange on or before December 31, 2026, AND its market capitalization at the close of its first full trading day is ≥ $1.00 trillion USD.

Terms:

• Resolves NO if trading has not begun by Dec 31, 2026 (delay, withdrawal, or acquisition all count as NO). This is deliberate — the market prices both timing risk and valuation.

• Market cap = first-day closing price × total shares outstanding as reported by at least two of: Bloomberg, Reuters, WSJ, or the exchange itself. If outlets split on basic vs. diluted share count, use basic shares outstanding per the final prospectus.

• Direct listing counts the same as a traditional IPO. A listing of a parent/successor entity counts if it’s the primary vehicle for OpenAI’s business.

• First-day close means the regular-session close, ignoring after-hours.