SEC Requires Form 144 to Be Filed Electronically
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- As of April 13, 2023, Forms 144 relating to the sale of securities of an issuer subject to the reporting requirements under the Exchange Act must be electronically filed using the EDGAR system.
- A Form 144 is required to be filed by an affiliate of an issuer who intends to resell the issuer’s securities in reliance on Rule 144 if, in any three-month period, the affiliate intends to sell over 5,000 shares or over $50,000 in securities.
- Each affiliate that intends to sell securities in reliance on Rule 144 will be required to have their own EDGAR codes to submit electronic filings.