Form 144 (Notice of Proposed Sale of Securities)
Form 144 (Notice of Proposed Sale of Securities) is a form filed with the U.S. Securities and Exchange Commission by insiders or affiliates who plan to dispose of restricted or control securities under Rule 144. The form provides detail about the proposed sale, including the number of shares, the aggregate market value, the proposed date of sale, and the manner of sale.
Example: An executive with restricted shares files Form 144 to disclose a proposed sale of up to 8,000 shares over the next 60 days.
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