Rule 144
Rule 144 definition - finance
A
Securities and Exchange Commission (SEC) rule that allows certain holders of
unregistered securities to sell them to the public without filing a
registration with the SEC beforehand. The rule lets executives who hold very
large blocks of their companyÂ’s stock sell a portion of that stock twice a year
without registering with the SEC, if the executives have held the stock for one
year. The holding period was reduced from two years in 1997.
Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
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