Rule 144 affiliate 90 days

The current public information requirement for affiliates is the same as the requirement for non-affiliates described above: the company must be a reporting company for at least 90 days prior to the sale and have timely filed all required reports under the Exchange Act during the 12 months preceding the sale (or for ...

What is an affiliate under Rule 144?

Rule 144 at (a)(1) defines an affiliate of an issuing company as a person that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, such issuer.

What are the volume limitations imposed on an affiliate under Rule 144?

If you are an affiliate, the number of equity securities you may sell during any three-month period cannot exceed the greater of 1% of the outstanding shares of the same class being sold, or if the class is listed on a stock exchange, the greater of 1% or the average reported weekly trading volume during the four weeks ...

What is the Rule 144 date?

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.

What is an affiliate under SEC rules?

1. The term affiliate is defined in Rule 405 promulgated under the Securities Act of 1933 as a person that directly, or indirectly through one or more intermediaries, controls or is controlled by, or is under common control with, the person specified.