Federal Register #2026-12372

SEC Seeks Public Comment on Extension of Form 144 Information Collection Requirements

This opportunity involves a regulatory notice from the Securities and Exchange Commission (SEC) regarding the extension of information collection for Form 144: - Government Buyer: - Securities and Exchange Commission (SEC) - No OEMs or vendors are involved, as this is not a procurement action - No products or services are being requested - Key Details: - The notice concerns the mandatory reporting requirements for Form 144, which is used to report the sale of securities under Rule 144 of the Securities Act of 1933 - Reporting is required for sales exceeding 5,000 shares or units, or an aggregate sales price over $50,000 - The SEC is seeking public comment on the proposed extension of this information collection - Compliance with the Paperwork Reduction Act is required - No purchase quantities, part numbers, or unique technical requirements are specified - No contract value, period of performance, or competing products/services are applicable

Description

This notice pertains to the submission for OMB review of a proposed extension of the information collection related to the notice of proposed sale of securities under Rule 144. Form 144 is used to report the sale of securities during any three-month period that exceeds 5,000 shares or other units and has an aggregate sales price that does not exceed $50,000. The rule is designed to prohibit the creation of public markets in securities of issuers concerning which adequate current information is not available to the public. The information required by Form 144 is mandatory and publicly available.

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