Sample Restricted Stock Form 144

State:
Multi-State
Control #:
US-CC-19-221
Format:
Word; 
Rich Text
Instant download

Description

The Sample Restricted Stock Form 144 is a legal document pertaining to the purchase and sale of restricted stock between a corporation and an individual purchaser, outlining the terms and conditions of the sale. Key features include the agreement on stock purchase price, payment terms through promissory notes, and the establishment of an escrow arrangement for the stock until certain vesting conditions are met. The form details the procedures for closing the transaction, including necessary notifications and documentation. It also covers stock adjustments due to dividends or corporate mergers and mandates specific legends on the stock certificates to indicate their restricted status under securities law. Additionally, the form emphasizes the purchaser's investment intent and risk acknowledgment, further highlighting the conditions under which the stock can be sold or disposed of. The form is particularly useful for attorneys, partners, and legal assistants in facilitating equity transactions, ensuring compliance with securities regulations, and safeguarding both parties' legal interests. It serves as a crucial document for paralegals and associates who assist in managing corporate stock transactions, providing clarity on obligations and rights involved in restricted stock purchases.
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  • Preview Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers
  • Preview Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers
  • Preview Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers
  • Preview Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers
  • Preview Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers
  • Preview Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers
  • Preview Sample Restricted Stock Purchase Agreement between Intermark, Inc. and Purchasers

How to fill out Sample Restricted Stock Purchase Agreement Between Intermark, Inc. And Purchasers?

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FAQ

Rule 144 provides an exemption and permits the public resale of restricted or control securities if a number of conditions are met, including how long the securities are held, the way in which they are sold, and the amount that can be sold at any one time.

Form 144 must be filed with the SEC by an affiliate as a notice of the proposed sale of securities when the amount to be sold under Rule 144 during any three-month period exceeds 5,000 shares or units or has an aggregate sales price in excess of $50,000.

The following individuals or entities must file Form 144 if selling restricted or control securities: Corporate insiders (similar to Section 16 insiders) subject to the reporting requirements of section 13 or 15(d) of the Exchange Act, which includes: Directors. Officers.

Form 144 is a mandatory SEC filing for those intending to sell restricted or control securities. Restricted securities stem from private sales, whereas control securities belong to affiliates such as directors or large shareholders.

Form 144 filings indicate insider selling and therefore can trigger a bearish reaction in the underlying stock.

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Sample Restricted Stock Form 144