Rule 144

In June 2013, the U.S. Supreme Court struck down Section 3 of the federal Defense of Marriage Act and thus required federal recognition of same-sex marriage recognized under state law. This article considers the impact of this decision on SEC regulations affecting public companies and other fundamental SEC rules that will be affected by the immediate change. The article also examines the impact to definitions and concepts important in the administration of most stock incentives, human resources and employee benefits.

The Corporate Counsel discusses an SEC interpretive letter reaffirming its position that an independent trustee is not sufficient to distinguish the affiliate from the trust where the affiliate is the settlor and income beneficiary.

This article provides a summary of Rule 144.

Recent announcements from the SEC and the IRS make it easier to file Form 144 and extend the deadline to file Section 83(b) elections. Plus, don't miss our quick survey on COVID-19.

Gifts and Rule 144

Read the entire Rule 144 as amended.

Revisions to Rule 144 and Rule 145 to Shorten Holding Period for Affiliates and Non-Affiliates; Proposed Rule.