Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Form 4-Statement of Changes in Beneficial Ownership of Securities
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This notice extends the period for comments on the SEC's collection of Form 4, which tracks changes in the beneficial ownership of securities by corporate insiders. It aims to improve the quality and efficiency of this information collection shared with the Federal Reserve. This affects corporate directors, officers, and securities holders owning more than 10% of a company's stock, requiring them to report changes within two business days.
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Key Changes
- Extended comment period for Form 4 information collection
- Designation of Form 4 as a 'common form' for SEC and Federal Reserve
- Mandatory filing within two business days of ownership changes
Obligations
What this law requires
Directors, officers, and beneficial owners of more than 10% of equity securities must file Form 4 before the end of the second business day following execution of any transaction resulting in a change in beneficial ownership
Form 4 filings must disclose certain information about the reporting person and their beneficial ownership of the relevant class of securities
Form 4 must be filed with the SEC's Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system where filings become publicly available
SEC must maintain a valid OMB control number (3235-0287) for Form 4 information collection and display it on the form
Written comments on the Form 4 information collection must be submitted to the SEC by June 15, 2026