SEC Extends Approval for Insider Stock Ownership Form
Published Date: 4/14/2026
Notice
Summary
The SEC is asking for public feedback as it seeks to extend approval for Form 4, which insiders use to report changes in their stock ownership. This form helps keep the market fair by tracking insider trades and will now be a ‘common form’ used by both the SEC and the Federal Reserve. No new costs or big changes, just a smooth continuation with a fresh green light from the government.
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Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Insiders Must File Form 4 Quickly
If you are a reporting person (an owner of more than 10% of a class of registered equity, or a director or officer), you must file Form 4 disclosing changes in beneficial ownership before the end of the second business day after the transaction. The SEC estimates about 62,243 reporting persons file roughly 212,003 Form 4 responses per year (about 3.3 filings per filer), with an estimated 0.5 hours per response for a total annual burden of 106,002 hours and $0 in estimated annual monetary cost.
Insider Filings Are Publicly Available
Form 4 filings are publicly available on the SEC's EDGAR system, so anyone can view insiders' reported changes in equity ownership. Filings must be submitted by the reporting person before the end of the second business day following the transaction, ensuring timely public disclosure.
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