According to the U.S. Securities and Exchange Commission (SEC) disclosure on May 6fishingnearmefilesfishingnearme,$KLAC.US $executive Lorig Brian plans to sell on May 6 3fishingnearme, 537 common shares with a total market value of approximately US$2.4729 million.

Image source: SEC announcement

What is Form 144?

Rule 144 of the U.S. Securities Act of 1933 stipulates that: related parties in a listed company (major shareholders, company executives and board members holding more than 10% of the shares) and shareholders who obtain shares from related parties (such shares are restricted securities or controlled securities) must comply with strict disclosure procedures when selling such shares, and must file Form 144 documents with the SEC before selling.

Among them, related parties must hold securities for at least six months, and the number of shares sold must not exceed 1% of the total issued shares. The number of shares sold by a related party exceeds 5 per cent in any three-month periodfishingnearmeThe form must be filed with the SEC when the total market value exceeds US$50,000.