Stripe's tender comes around most years. Have a plan before it does.

Unlike companies where liquidity is a rumor, Stripe has settled into a rhythm: a company-organized tender offer roughly once a year. That turns a scramble into a recurring, plannable decision — how much do I sell this cycle, and what do I net?

What's publicly known

Recurring annual tenders. Stripe announced an employee tender in February 2026 at a reported $159B valuation — up ~74% from the ~$91.5B February 2025 tender. Two consecutive Februaries is a cadence, not a coincidence.
Current and former employees were reported eligible to sell, with the purchase funded by investors (Thrive, Coatue, a16z and others) plus some Stripe buyback capital.
Still private, no announced IPO date. The recurring tender is, in part, what lets Stripe stay private without trapping employees — so don't plan around an IPO that hasn't been scheduled; plan around the tender that recurs.
RSUs are the common instrument for many employees, typically double-trigger (vesting + a liquidity event) — see the double-trigger RSU guide for why that matters at settlement.

Eligibility, caps, and pricing are set in each year's offer documents and vary — verify against the actual terms and your grant paperwork. Educational only; not affiliated with or endorsed by Stripe.

The decision you make each cycle

How much of the cap to use. Tenders limit how much of your vested position you can sell. Because the window recurs, you're setting a pace of diversification, not making a one-shot call — which lowers the stakes of any single year and argues against all-or-nothing.
Concentration first. What share of your net worth is Stripe, counting unvested RSUs? The annual cadence lets you glide a concentrated position down over several tenders rather than dumping or freezing.
Settlement and taxes. Double-trigger RSUs settling in the tender are ordinary income at the tender price; shares held long enough get capital-gains treatment on the gain. Withholding on the RSU portion often undershoots — reserve the gap. Estimate the net here.
The valuation step-up is information, not a mandate. A 74% mark-up feels like a reason to hold — but concentration risk rises with the price too. Size to your plan, not to the headline.

Just want to buy Stripe stock?

Stripe is private; there's no public ticker. Accredited investors sometimes access secondaries through specialized marketplaces with their own restrictions and fees. We don't sell or arrange investments — this page is for employees and holders planning equity they already have.

Make next year's tender a decision, not a scramble.

Get matched with a fee-only fiduciary who works recurring tenders — sizing across cycles, RSU settlement taxes, and a multi-year diversification plan. Free, no obligation.