Monday, November 11, 2024 8:34:20 AM
A person or group of people who meet certain criteria are responsible for filing a Schedule 13G with the SEC:
They are the beneficial owner of more than 5% of a company's equity securities
They are exempt from or fall within an exclusion from Section 13(d) of the Exchange Act
They are not required to file a Schedule 13D
They are a passive investor, exempt investor, or qualified institutional investor
They do not intend to exert control over the company
A Schedule 13G is a short-form beneficial ownership report that is an alternative to filing a Schedule 13D.
The initial Schedule 13G must be filed within five business days of acquiring beneficial ownership. Amendments must be filed within 45 days of the end of the calendar quarter in which a material change occurs.
The SEC can impose fines on individuals and companies that fail to file or improperly file Schedule 13G forms.
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