Get the free Rule 144 Holding Period and Form 144 Filings - SEC.gov

SEC Form 4FORM 4OMB APPROVALUNITED STATES SECURITIES AND EXCHANGE COMMISSIONEstimated average burden Washington, D.C. 20549 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may

How to fill out rule 144 holding period

How to fill out rule 144 holding period

1. To fill out Rule 144 holding period, follow these steps:
2. Determine the acquisition date of the securities.
3. Calculate the minimum holding period based on the type of securities:
4. - Restricted securities: 6 months holding period
5. - Control securities: No holding period
6. - Securities issued by non-reporting companies: 12 months holding period
7. Count the number of days from the acquisition date to the current date.
8. Ensure that the minimum holding period has been completed before taking any action, such as selling the securities.
9. Consult with legal and financial advisors for any specific requirements or exceptions related to Rule 144.
10. Keep detailed records of the acquisition date and holding period for compliance purposes.
11. It is recommended to obtain a legal opinion letter from a qualified securities attorney to establish compliance with Rule 144.

Who needs rule 144 holding period?

1. Rule 144 holding period is needed by individuals or entities who wish to sell restricted securities in the public market without registration under the Securities Act of 1933. This rule applies to both affiliates and non-affiliates of the issuing company.
2. Restrictions on the sale of securities are imposed to prevent insider trading and maintain fair and transparent markets. Therefore, anyone who holds restricted securities and intends to sell them to the public needs to comply with Rule 144 holding period.

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What is rule 144 holding period?

Rule 144 holding period is a mandatory time frame that an investor must hold restricted or control securities before selling them in the public market. The standard holding period is six months for reporting companies and one year for non-reporting companies.

Who is required to file rule 144 holding period?

Individuals who sell restricted or control securities must file under Rule 144. This typically includes affiliates of the company (control persons) and persons who have acquired unregistered securities.

How to fill out rule 144 holding period?

To fill out Rule 144, the filer must complete Form 144, providing details such as the number of shares being sold, the relationship to the issuer, and the intended sales method. This form often needs to be filed with the SEC anytime during the sale of the securities.

What is the purpose of rule 144 holding period?

The purpose of Rule 144 holding period is to provide a level of assurance to the market by restricting the immediate resale of unregistered or control securities, thus ensuring that securities are adequately covered by public information before being sold.

What information must be reported on rule 144 holding period?

The information that must be reported includes the name of the issuer, the class of securities being sold, the amount of securities to be sold, the relationship of the seller to the issuer, the date of acquisition, and any applicable restrictions.