Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 12h-1(f)
Published Date: 1/29/2026
Notice
Summary
The SEC is asking for comments to keep a rule that helps private companies share info about employee stock options without extra paperwork. About 40 companies use this rule yearly, spending around 2 hours each time, with some costs for outside experts. This extension keeps things running smoothly without adding new costs or big changes.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Private-Company Option Holders Get Info
Under Rule 12h-1(f), private, non-reporting companies that use compensatory employee stock option plans must provide information to option holders and to holders of shares received when options are exercised. The rule is relied on by about 40 issuers once per year and the SEC estimates it takes about 2 hours per response.
Small Annual Compliance Cost For Issuers
The SEC estimates about 40 private issuers rely on Rule 12h-1(f) once per year, with each response taking about 2 hours. The agency estimates 0.5 hours of internal work per response and 1.5 hours of outside professional work billed at $600 per hour, producing an estimated $900 external cost per issuer per year and a total annual external cost of $36,000 across all issuers.
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Key Dates
Department and Agencies
Related Federal Register Documents
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Previous: 2026-01724, Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Securities Act Rule 477
The SEC is asking for comments to keep a rule that helps companies officially withdraw their registration statements when they haven’t sold any securities. About 548 companies do this each year, spending about an hour each time, with no extra costs involved. This extension keeps the process clear and fair, protecting investors and the public interest.
Next: 2026-01726, Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 22d-1
The SEC is asking for comments on extending a rule that helps investment funds offer discounts on sales fees to certain investors. This rule makes sure funds tell everyone clearly about these fee changes within a year. If you’re involved with investment funds, this means staying informed and following some simple notice steps—no big cost changes, just clear communication.