Federal Register #2026-07223

SEC Proposes Extension of Form 4 Beneficial Ownership Reporting Requirement

The Securities and Exchange Commission (SEC) is seeking public comment on its proposal to extend the mandatory collection of information via Form 4 for reporting changes in beneficial ownership of securities. - Government Buyer: - Securities and Exchange Commission (SEC), a U.S. federal agency - OEMs and Vendors: - No OEMs or commercial vendors are involved; this is a regulatory information collection, not a procurement of products or services - Products/Services Requested: - Extension of Form 4 information collection - Estimated 212,003 Form 4 responses annually from approximately 62,243 respondents - Total annual reporting burden estimated at 106,002 hours - Information is submitted through the SEC's EDGAR system and is publicly available - Unique or Notable Requirements: - Applies to individuals or entities owning more than ten percent of any class of equity security registered under Section 12 of the Securities Exchange Act of 1934, or who are directors or officers of the issuer - No technical product specifications or unique service requirements, as this is a regulatory reporting activity

Description

The Securities and Exchange Commission (SEC) proposes to extend the collection of information via Form 4, which requires reporting persons to disclose changes in beneficial ownership of securities. This form must be filed within two business days following a transaction that changes ownership. The information collected is mandatory and publicly available through the SEC's EDGAR system. The estimated annual burden is approximately 106,002 hours based on 212,003 responses from about 62,243 respondents.

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