An affiliate of a public company wants to sell restricted shares under Rule 144. The company is current in its SEC filings, and the affiliate has held the shares for 7 months. Which additional requirement must be met before the affiliate can sell shares?

1. AThe affiliate must notify the SEC by filing Form 4.
2. BThe affiliate must wait for the company to declare a dividend.
3. CThe affiliate must obtain a legal opinion before any sale.
4. DVolume, sale-method, and notice rules; holding period met✓ Correct answer

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