Restricted stock or control stock must be held for at least 6 months if the company is a reporting company. If the company is not a reporting company, it must be held for at least 12 months.

Training Mode

Unit 1 Unit 2 Unit 3 Unit 4

Restricted Stock of a reporting company

Must be held for at least 1 year prior to sale

Can be sold at anytime without restriction per Rule 144

Must be held for at least 6 months prior to sale

Can be sold by affiliates in any size without restriction per Rule 144