Vystar Corp (VYST)

[SooS416]

The fact is that they are a mandatory SEC filer since they filed Form 8A, that makes the holding period 6 months for non affiliates and since no Form 3 was filed by Greg or Jamie they are subject to the 6 month holding period. As far as if/when they will sell, well only they know that.

They have filed form 8a which puts them as mandatory filer

Having an S-1 Registration Statement, which is filed under the Securities Act of 1933, rather than under the Exchange Act, does not make a filer “mandatory.” An SEC filer goes from “voluntary” to “mandatory” by filing certain Exchange Act forms, like the 8A-12g or the Form 10 Registration Statement. These Exchange Act forms obligate the public company to file the 10-K, 10-Q, and 8-K, by making the company “subject to” the filing requirements of Exchange Act Section 13 or 15(d).

Here is VYST's form 8A making them mandatory filer

https://www.sec.gov/Archives/edgar/data/1308027/000114420409040817/v156541_8a12g.htm

Mandatory SEC Filers Have a Six Month Holding Period Under Rule 144
The Six (6) Month holding period requirement in Rule 144(d)(1)(i) applies only to the restricted securities of a public company that is, and has been for at least 90 days immediately prior to the sale, “subject to” the reporting requirements of Exchange Act Section 13 or 15(d).