SEC and Regulatory Filings
Rule 144
A rule that describes conditions for reselling certain restricted or controlled securities.
Also called: SEC Rule 144
What it means
Rule 144 is an SEC rule that provides a path for selling certain restricted or control securities if specific conditions are met. It does not mean every sale is automatic or unrestricted, but it sets out a framework for lawful resale.
Why it matters
It helps explain why some shares cannot be freely sold right away and why resale rules matter after private placements or insider holdings.