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Post# of 85484
Form 144 Filing Requirement
The affiliate must file a Form 144 prior to the sale if the amount of restricted stock the affiliate intends to sell over a three-month period is at least 5,000 shares or $50,000. The Form 144 is valid for three months.
How long is the Form 144 good for? For an affiliate of an issuing company, each Form 144 is good for three months from the filing date.
Form 144 is used to report the sale of securities during any three-month period that exceeds 5,000 shares or other units, or has an aggregate sales price that does not exceed $50,000.