SEC Keeps Form 3 Alive: Stock Ownership Paperwork Continues
Published Date: 4/15/2026
Notice
Summary
The Securities and Exchange Commission (SEC) wants to keep using Form 3, which helps track who owns big chunks of company stocks. This form is important for company insiders and the SEC to keep things fair and clear. They’re asking for approval to continue collecting this info with no big changes, so no extra costs or deadlines for you—just business as usual!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Insiders must keep filing Form 3
If you are a company insider—someone who owns more than ten percent of a class of registered equity, or a director or officer—you must file Form 3 to disclose your ownership. The SEC estimates Form 3 takes about 0.5 hours per response, is filed once per year by about 15,371 respondents (15,371 responses annually), for an annual reporting burden of 7,686 hours and $0 estimated annual cost burden.
Continued market ownership transparency
The SEC will continue using Form 3 to track who owns large stakes in public companies, which the notice says helps keep markets fair and clear. The agency is also asking OMB to treat Form 3 as a "common form" for use by other agencies (the Federal Reserve Board is identified as a user), so the same ownership information can be collected by more than one agency.
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