Series 79 practice questionmediumRule 144
A non-affiliate of a public company has held restricted stock for 12 months and wants to sell. Which is required under Rule 144?
- AFiling a Form 144 with the SEC for all sales
- BAdherence to volume limitations
- CManner-of-sale requirements
- DOne year held; non-affiliate three months✓ Correct answer
Explanation
Why D — One year held; non-affiliate three months
For a non-affiliate of a reporting issuer, the current-public-information condition applies after six months but falls away once one year has elapsed.
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