Ownership & insider
SEC Form 144: proposed sale of restricted or control securities
A notice of proposed sale for certain restricted or control securities.
Who files it
Affiliates and other holders when Rule 144 notice conditions apply.
When it is filed
Filed around the time of placing the sale order or executing the sale, subject to rule conditions.
What it discloses
- Issuer and security
- Person proposing the sale
- Number of shares or other units
- Broker and sale-method details where applicable
What it does not tell you
Form 144 is a notice of proposed sale and does not always prove the full sale was completed as noticed.
The filing is a source document, not investment advice or a prediction of future returns.
The form should be read with its filing date, reporting period, exhibits, and related company disclosures.