Form 144
Form 144 must be filed in most instances when an insider sells more than 5,000 shares (or $50,000 worth of stock). An insider is someone who is an officer, director, or someone who owns more than 10% of the company. Naturally, when an insider is selling his shares, other investors might want to pay closer attention and may want to follow suit.
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Summary: Corporate SEC Filings |
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Filing |
Purpose |
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Prospectus |
Filed prior to new security being issued; contains all info about the issuer potential investors need to evaluate, and potential risks and rewards before investing |
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Annual Report |
Provided to shareholders annually to summarize the issuer’s financial operations |
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Form 10-K |
More detailed than annual report; financial reports audited by independent firm; filed with the SEC |
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Form 10-Q |
Quarterly version of 10-K; does not need |