Let this sink in! Wouldn’t a Form 4 be required if an insider SOLD gifted” shares no matter how long they OWNED them? What shares are you referencing? Enjoy!
What is a Form 4 with the SEC?
Form 4 is required to be filed by a company or the individual at the company when there is a change in the holdings of company insiders. Form 4 must be filed with the SEC within two days of the transaction.
“When you are gifted stock, the holding period includes the time the donor owned the stock. In other words, should you wish to sell immediately, you won't be liable to pay higher short-term capital gains tax, provided that the person who gifted the stock bought it at least one year beforehand”