Notice2026-02861
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 10b5-1
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
February 12, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 29 (Thursday, February 12, 2026)</title>
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[Federal Register Volume 91, Number 29 (Thursday, February 12, 2026)]
[Notices]
[Page 6691]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-02861]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0801]
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Extension: Rule 10b5-1
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736
Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``Commission'') has submitted to the Office of Management
and Budget this request for extension of the previously approved
collection of information discussed below.
Rule 10b5-1 (17 CFR 240.10b5-1) under the Securities Exchange Act
of 1934 (the ``Exchange Act''), among other things, provides an
affirmative defense to Exchange Act Section 10(b) and Rule 10b-5
liability for insider trading in circumstances where the individual
purchasing or selling a security can demonstrate that material
nonpublic information did not factor into the trading decision because,
before becoming aware of material nonpublic information, they entered
into a binding contract to purchase or sell the security, provided
instruction to another person to execute the trade for the trader's
account, or adopted a written plan for trading the securities. As a
condition to that affirmative defense, directors and officers must
include a representation in a written Rule 10b5-1 plan certifying that
at the time of the adoption of a new or modified plan: (1) they are not
aware of material nonpublic information about the issuer or its
securities; and (2) they are adopting the plan in good faith and not as
part of a plan or scheme to evade the prohibitions of Rule 10b-5. The
information collection requirement is mandatory to satisfy the
conditions of the affirmative defense, and the information collection
is not required to be publicly filed with the Commission. We estimate
that Rule 10b5-1 takes approximately 1.5 hours per response and is
filed by approximately 8,700 respondents annually. We estimate that
100% of the 1.5 hours per response is carried internally by the
respondent for annual burden of 13,050 hours (1.5 hours per response x
8,700 responses). We estimate that respondents will not incur any cost
burdens in connection with the information collection requirements.
An agency may not conduct or sponsor, and a person is not required
to respond to a collection of information unless it displays a
currently valid OMB Control Number.
The public may view and comment on this information collection
request at: <a href="https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202511-3235-002">https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202511-3235-002</a> or send an email comment to
<a href="/cdn-cgi/l/email-protection#024f405a2c4d4f402c4d4b50432c5147415d666771695d6d64646b616770426d6f602c676d722c656d74"><span class="__cf_email__" data-cfemail="82cfc0daaccdcfc0accdcbd0c3acd1c7c1dde6e7f1e9ddede4e4ebe1e7f0c2edefe0ace7edf2ace5edf4">[email protected]</span></a> within 30 days of the day
after publication of this notice by March 16, 2026.
Dated: February 10, 2026.
Sherry Haywood,
Assistant Secretary.
[FR Doc. 2026-02861 Filed 2-11-26; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on February 12, 2026.
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