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Form 144 PRA Collection Notice - Request for Comments on Burden Estimates

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Summary

The SEC is soliciting comments on the Paperwork Reduction Act burden estimates for Form 144 (17 CFR 239.144), which reports securities sales exceeding 5,000 shares or $50,000. The agency estimates 11,500 respondents filing 32,276 responses annually with 32,276 total burden hours. Comments are due by June 15, 2026.

What changed

The SEC is requesting public comments on the burden estimates for Form 144, an existing collection of information used to report securities sales during any three-month period exceeding 5,000 shares or $50,000 aggregate sales price. Form 144 operates with Rule 144 to permit limited public sales of securities by affiliates and holders of restricted securities where adequate current information is available to the public. The SEC estimates one hour per response with approximately 32,276 annual responses totaling 32,276 burden hours.

Respondents affected include persons required to file Form 144, including insiders, affiliates, and holders of restricted securities. The consultation provides an opportunity to comment on whether the burden estimates are accurate, whether the collection has practical utility, and ways to minimize the burden through automated collection techniques or other forms of information technology.

What to do next

  1. Submit written comments on Form 144 PRA burden estimates by June 15, 2026
  2. Direct comments to Austin Gerig, Director/Chief Data Officer, via email to PaperworkReductionAct@sec.gov
  3. Consider providing input on ways to minimize paperwork burden

Archived snapshot

Apr 15, 2026

GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.

Content

Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 20549-2736

Notice is hereby given that, pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (“Commission”) is soliciting comments on the collection of information summarized
below. The Commission plans to submit this existing collection of information to the Office of Management and Budget for extension
and approval.

Form 144 (17 CFR 239.144) is used to report the sale of securities during any three-month period that exceeds 5,000 shares
or other units and has an aggregate sales price that does not exceed $50,000. Form 144 operates in conjunction with Rule 144
(17 CFR 230.144). Rule 144 is designed to prohibit the creation of public markets in securities of issuers concerning which
adequate current information is not available to the public. At the same time, where adequate current information concerning
the issuer is available to the public, the rule permits the public sale in ordinary trading transactions of limited amounts
of securities owned by persons controlling, controlled by, or under common control with, the issuer and by persons who have
acquired restricted securities of the

  issuer. We estimate that Form 144 takes approximately one hour per response and is filed approximately 2.8 times per year
  by approximately 11,500 respondents, for a total of approximately 32,276 responses annually. We estimate that 100% of the
  burden is carried internally by the respondent for total annual reporting burden of 32,276 hours (one hour per response ×
  32,276 responses).

An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays
a currently valid OMB control number.

Written comments are invited on: (a) whether this proposed collection of information is necessary for the proper performance
of the functions of the agency, including whether the information will have practical utility; (b) the accuracy of the agency's
estimate of the burden imposed by the collection of information; (c) ways to enhance the quality, utility, and clarity of
the information collected; and (d) ways to minimize the burden of the collection of information on respondents, including
through the use of automated collection techniques or other forms of information technology.

Please direct your written comments on this 60-Day Collection Notice to Austin Gerig, Director/Chief Data Officer, Securities
and Exchange Commission, c/o Tanya Ruttenberg via email to PaperworkReductionAct@sec.gov by June 15, 2026. There will be a second opportunity to comment on this SEC request following the
Federal Register
publishing a 30-Day Submission Notice.

Dated: April 13, 2026. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2026-07324 Filed 4-14-26; 8:45 am] BILLING CODE 8011-01-P

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CFR references

17 CFR 230.144 17 CFR 239.144

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Last updated

Classification

Agency
SEC
Published
April 13th, 2026
Comment period closes
June 15th, 2026 (60 days)
Compliance deadline
June 15th, 2026 (60 days)
Instrument
Consultation
Legal weight
Non-binding
Stage
Consultation
Change scope
Minor
Document ID
FR Doc. 2026-07324
Docket
SEC-2026-2322-0001

Who this affects

Applies to
Investors Public companies
Industry sector
5231 Securities & Investments
Activity scope
Securities reporting Insider trading compliance Restricted securities transactions
Geographic scope
United States US

Taxonomy

Primary area
Securities
Operational domain
Compliance
Compliance frameworks
SOX
Topics
Corporate Governance Data Privacy

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