SEC Requests Extension for Annual Ownership Statement Form
Published Date: 4/16/2026
Notice
Summary
The Securities and Exchange Commission (SEC) wants to keep using Form 5, which helps track who owns big shares in companies to prevent insider trading. They’re asking for approval to extend this form’s use and make it a ‘common form’ that other agencies, like the Federal Reserve, can use too. This won’t cost extra money but keeps the process smooth and clear for everyone involved.
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Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Annual Form 5 Filing Requirement
If you are a reporting person (own more than ten percent of a registered class of equity security, or are an issuer's director or officer), you must file Form 5 once per year on or before the 45th day after the issuer's fiscal year end. The SEC estimates about 2,724 respondents file Form 5 annually, each taking about one hour per response for a total of 2,724 hours and $0 estimated annual cost.
Form 5 Designated as Common Form
The SEC is requesting OMB approval to designate Form 5 as a 'common form' so other agencies, for example the Board of Governors of the Federal Reserve System, can use the identical information collection. The notice says this designation will not add monetary cost and that other agencies may request OMB approval to use the common form by providing agency-specific burden estimates.
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