Rule 144A holding period

Holding Period for 144A Securities If the issuing company of the securities is a reporting company the required holding period is minimum six months and for the stocks of non-reporting companies the minimum required holding period is one year.

What is the difference between Rule 144 and Rule 144A?

Rule 144A, which limits resales only to QIBs, and Rule 144A is only available in respect of certain securities. Rule 144, pursuant to which resales can only be made in compliance with the holding period, volume and manner of sale requirements.

How does a Rule 144A offering work?

Rule 144A provides a mechanism for the sale of securities that are privately placed to QIBs that do not—and are not required—to have an SEC registration in place. Instead, securities issuers are only required to provide whatever information is deemed necessary for the purchaser before making an investment.

How long must restricted stock be held?

Under Rule 144, persons may not sell restricted stock until the shares have been fully paid for and held for at least six months.

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.