Do I need to comply with Rule 144?

Must comply with all Rule 144 conditions with the exception of the holding period requirement. If you must follow Rule 144, a good rule of thumb is to check with your broker to ensure that they accept restricted and/or control securities and can handle the Rule 144 requirements should you wish to sell.

What is SEC Rule 144?

Rule 144 is a regulation enforced by the U.S. Securities and Exchange Commission (SEC) that sets the conditions for the sale or resale of restricted, unregistered, and control securities. Rule 144 provides an exemption from registration requirements for the sale of securities through the public markets if a number of specific conditions are met.

What is the difference between restricted and control securities under Rule 144?

A key difference in the treatment of restricted and control securities under Rule 144 is the requirement of a holding period, which is applicable only to restricted securities under Rule 144 (d).