Form 144

Form 144 is a document that must be filed with the Securities and Exchange Commission (SEC) by any person or entity that sells restricted securities. Restricted securities are those that have not been registered with the SEC and are therefore not freely tradable. Form 144 must be filed within 10 days of the sale of restricted securities.

The purpose of Form 144 is to provide the SEC with information about the sale of restricted securities. This information helps the SEC to monitor the market for restricted securities and to ensure that investors are not being harmed by fraudulent or manipulative practices.

Form 144 must be filed by any person or entity that sells restricted securities, regardless of the amount of securities sold. The form must include the following information:

• The name and address of the seller
• The name and address of the buyer
• The number of securities sold
• The price per security
• The date of the sale
• The reason for the sale

Form 144 must be filed with the SEC's Electronic Filing System (EDGAR). The filing fee for Form 144 is $250.

If a person or entity fails to file Form 144, they may be subject to civil penalties. These penalties can include fines of up to $5,000 per violation and/or imprisonment for up to five years.

Form 144 is an important document that helps the SEC to protect investors from fraud and manipulation. By filing Form 144, sellers of restricted securities provide the SEC with the information it needs to monitor the market for these securities.