Sun Pacific Holding Corp (SNPW)

[starkd748]

It's a T trade reported after hrs like the 1638 timestamp of a 6milly sell...

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Form T is an electronic form that FINRA requires brokers to use for reporting equity trades executed outside of normal market hours. Form T trades occur during extended hours, before the market opens and after it closes. Form T must also be used to submit last sale reports of over-the-counter (OTC) transactions in equity securities, for which electronic submission is not possible. The objective of the Form T report is to maintain market transparency and integrity.

Who Can File Form T: Equity Trade Reporting Form?

Investors executing trades in extended hours, as well as those trading in over-the-counter securities that aren't electronically reportable, are required to file Form T. Trading during extended hours allows investors to react quickly to events that typically occur outside regular market hours, such as earnings reports. However, liquidity may be constrained during such Form T trading, resulting in wide bid-ask spreads. The growing popularity of electronic communication networks means that Form T trading and filings are bound to continue increasing.