Form 144 includes a timeline. This form must be filed by the time the shares are put up for sale, and the sale must take place within 90 days of the filing of this form. If the shares are not sold within this time frame, a new Form 144 must be filed.
Who has to file SEC Form 144?
Form 144 is a notice of intent to sell form that must be filed with the Securities and Exchange Commission (SEC) when a person who was granted shares plans to sell their unregistered shares.
Is Form 144 required?
Rule 144 allows persons who hold restricted stock and affiliates to sell or transfer their shares without having to comply with the registration or prospectus delivery requirements of the Securities Act of 1933.
What are the conditions of Rule 144?
Rule 144 Date means the first date on which the Holder can sell all the Underlying Securities without restriction or limitation pursuant to Rule 144.