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SEC Proposes Amendments to Rule 144 and Form 144 | Alston & Bird


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The Securities and Exchange Commission takes a new tack for holding periods for market-adjustable convertible securities. Our Securities Group dives into the many proposed changes that aim to reduce the risk of unregistered distributions and to simplify filing requirements.
Amendments to Form 144 filing requirements and process, Form 4, and Form 5
Moving to all-electronic filing
Elimination of “tacking” of holding periods for convertible market-adjustable securities
On December 22, 2020, the Securities and Exchange Commission (SEC) voted to propose amendments to Rule 144 to eliminate the “tacking” of holding periods for “market-adjustable” convertible securities and revise the Form 144 notice of sale to: ....

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