Rule 144’s Holding Period Is Different for SEC Reporting Companies and Pink Sheets
Before a Shareholder can sell any restricted stock in the market, the Shares must be held for a certain amount of time. The clock starts ticking on the holding period when the Shares were fully paid for, if the consideration was cash, or when the Shares were fully earned, if services were exchanged for restricted stock.
For SEC Reporting Companies the Holding Period is Six Months
If the Issuer is an SEC Reporting Company under the Securities Exchange Act of 1934, then the holding period is a minimum of six months. These would include Issuers trading on the OTCMarkets OTCQX and OTCQB market tiers, as well as OTC Bulletin Board stocks.
For Pink Sheets the Holding Period is One Year
If the Issuer is a Pink Sheet, and thus not subject to the ’34 Act reporting requirements, then the holding period is a minimum of one year.