SEC Seeks to Extend Form 144 for Insider Stock Sales Reporting
Published Date: 4/15/2026
Notice
Summary
The SEC is asking to keep using Form 144, which helps people report when they sell certain amounts of company shares. This form mainly affects insiders and big shareholders who sell restricted or controlled securities. No big changes or costs are coming, but the SEC wants your thoughts before extending the form’s approval for another few years.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Form 144 filing requirement for sellers
If you are an insider or a large shareholder selling restricted or controlled securities, you must use Form 144 to report any sale during a three-month period that exceeds 5,000 shares or other units and has an aggregate sales price that does not exceed $50,000. The form operates with Rule 144 and applies to persons controlling, controlled by, or under common control with the issuer and to holders of restricted securities.
Estimated paperwork burden for Form 144 filers
The SEC estimates Form 144 takes about one hour per response and is filed about 2.8 times per year by roughly 11,500 respondents, for about 32,276 responses and a total annual reporting burden of 32,276 hours. These are the SEC's estimated time costs for people who must file the form.
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