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Re: TB post# 107372

Friday, 08/25/2023 12:12:39 AM

Friday, August 25, 2023 12:12:39 AM

Post# of 111675
MORE HERE: https://www.investopedia.com/articles/basics/03/030703.asp

The only caveat, that should be noted involves any affiliates, insiders shares, (not limited to but including) the CEO, 5% holders, etc., &/or anyone who has acquired, holds &/or controls > 5%.

They are further restricted in how many shares they can sell in any one period -- usually no more than 1% (of O/S or class) per 3-month period. And with good reason, because they are assumed to both control the largest amount of shares, & also have the most insider-intimate (sensitive) information with which to trade on.

Trading Volume Formula. If you are an affiliate, the number of equity securities you may sell during any three-month period cannot exceed the greater of 1% of the outstanding shares of the same class being sold, or if the class is listed on a stock exchange, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing of a notice of sale on Form 144. Over-the-counter stocks, including those quoted on the OTC Bulletin Board and the Pink Sheets, can only be sold using the 1% measurement.

https://www.sec.gov/reportspubs/investor-publications/investorpubsrule144



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