SEC Issues Final Rule Extending EDGAR Filing Hours for Form 144

The SEC has issued a final rule that extends the submission deadline for Form 144 EDGAR filing from 5:30 p.m. to 10:00 p.m. (ET). According to SEC Commissioner Mark Uyeda, the “extension is a sensible change that eases the stress and burden on sellers (and their brokers, counsels, and other professionals), who must file Form 144 on the same day as placing their order to sell stock.”

The final rule also makes technical corrections related to “the time period during which filings made by direct submission may be submitted to the Commission” and “the Regulation S-T-based requirement for paper filings of Form 144 for non-reporting issuers that was inadvertently removed in the Electronic Filing Release.”