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Re: Rule 144 Representation Letter Gentlemen: In connection with the request for the removal of the restrictive legend from the stock certificates owned by the undersigned (Seller), which represent shares

How to fill out re rule 144 representation

How to fill out re rule 144 representation:

1. Obtain necessary documents: Gather all relevant documentation, including the original stock certificates, any supporting legal agreements, and financial statements.
2. Review the requirements: Familiarize yourself with the specific requirements outlined in Rule 144 of the Securities Act of 1933. Understand the limitations on the amount of stock that can be sold and the holding periods involved.
3. Complete the representation: Fill out the re rule 144 representation form provided by your broker or securities attorney. Provide accurate information regarding the securities being sold, the reason for the sale, and your compliance with the rule's provisions.
4. Consult with professionals: If you are unsure about any aspect of filling out the representation form, seek guidance from a knowledgeable broker, securities attorney, or financial advisor. They can ensure you are accurately representing your transaction and complying with all regulations.

Who needs re rule 144 representation?

1. Shareholders: Any shareholder who intends to sell restricted securities, typically acquired through private placements or employee stock options, may need to fill out a re rule 144 representation. This is to prove compliance with the rule and allow for the legal sale of these securities.
2. Companies: Companies issuing restricted securities must also ensure that their shareholders who intend to sell comply with the requirements of Rule 144. This helps protect the company from potential legal issues and ensures that the securities are being sold in accordance with the law.
3. Securities attorneys and brokers: Professionals in the securities industry often assist clients in the process of filling out re rule 144 representation forms. They help ensure compliance with the rule and provide guidance on the proper sale of restricted securities.

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What is re rule 144 representation?

Re Rule 144 representation refers to the form that must be filed with the SEC by holders of restricted securities seeking to sell them in the public market.

Who is required to file re rule 144 representation?

Any holder of restricted securities looking to sell them in the public market is required to file re Rule 144 representation.

How to fill out re rule 144 representation?

Re Rule 144 representation must be filled out accurately and completely, providing all required information about the holder, the securities being sold, and the method of sale.

What is the purpose of re rule 144 representation?

The purpose of re Rule 144 representation is to provide transparency and ensure compliance with SEC regulations when selling restricted securities in the public market.

What information must be reported on re rule 144 representation?

Re Rule 144 representation must include information about the holder's relationship to the issuer, the securities being sold, the holding period, and the method of sale.