PrivateTechSharesRule 144
Also called: Rule 144, SEC Rule 144
In one line
The US SEC rule setting the holding periods and conditions under which restricted or insider shares can be resold publicly.
In plain English
Shares acquired privately are 'restricted'. Rule 144 says how long you must hold them (commonly a year) and what conditions apply before you can sell them on the open market after an IPO.
If you were explaining it to a 5-year-old
There's a rulebook that says how long you must keep a special toy before you're allowed to sell it in the big shop.
Why it matters when you sell
Rule 144 affects when and how you can sell post-IPO, and it's part of why private tenders handle paperwork you'd otherwise face yourself.
Related terms
Put it to use
When you're ready to go deeper, there's an optional Equity Toolkit and Report.
Sources
Primary references for this term: US SEC / Investor.gov, IRS (US tax). Our definitions are written in plain English and kept evergreen — see the glossary methodology. General information, not advice.
Educational information only — not financial, tax or legal advice, and not an offer to buy or sell any security. Definitions are general; your own documents and local law govern your situation. PrivateTechShares is independent and not a broker or marketplace.