SEC Rule 144 provides exemptions for the sale of controlled, unregistered, and restricted stocks under certain conditions. It applies to affiliates, controlling persons, and non-affiliate shareholders, requiring current public information, a holding period, and notice of proposed sales. Ordinary transactions by brokers must also comply with the trading volume formula established in the rule.

1. SEC Rule 144
The SEC rule is an exemption to this act allowing
the sale of such securities only if specific
conditions are adhered to. The SEC rule 144 sets
the conditions for selling or reselling controlled,
unregistered, and restricted stocks

2. A person who is about to
sell a restricted stock in
the public market
To Whom Does Rule 144
Apply?
An affiliate or controlling
person of the company
and non-affiliate
shareholder

3. Conditions
of Rule 144
Current public information
Holding period
Notice of proposed sale
Ordinary transactions of
the broker
The formula of trading
volume