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When do I need to file Form 144?

Over a three-month period, if the sales of restricted or control securities exceed 5,000 shares, or has an aggregate sale price in excess of $50,000, you are required to file Form 144 if you plan to sell additional securities. Filers cannot exceed sales of more than 1% of the total number of outstanding securities. 3

What is Form 144?

The fundamental objective of this filing is to notify the SEC and the public about these sales. The SEC mandates the electronic filing of Form 144 on its EDGAR system in XML format. 1 Previously, 144 was permitted to file with the SEC in paper or via email.

When is Form 144 required to be filed with the SEC?

Form 144 must be filed with the SEC by an affiliate as a notice of the proposed sale of securities when the amount to be sold under Rule 144 during any three-month period exceeds 5,000 shares or units or has an aggregate sales price in excess of $50,000.

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