Notice2026-07223
Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Form 4-Statement of Changes in Beneficial Ownership of Securities
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
April 14, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 71 (Tuesday, April 14, 2026)</title>
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[Federal Register Volume 91, Number 71 (Tuesday, April 14, 2026)]
[Notices]
[Pages 19240-19241]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-07223]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0287]
Agency Information Collection Activities; Proposed Collection;
Comment Request; Extension: Form 4--Statement of Changes in Beneficial
Ownership of Securities
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'') is soliciting comments on the collection of
information summarized below. The Commission also is requesting
approval from OMB to designate this existing collection of information
(OMB Control No. 3235-0287) as a ``common form'' for purposes of PRA
submissions \1\ because the Board of Governors of the Federal Reserve
System uses this information collection (under OMB Control No. 7100-
0091). The Commission plans to submit this existing collection of
information to the Office of Management and Budget for extension and
approval.
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\1\ See ROCIS PRA Module User Guide v. 8.2, at 110-111 (Mar.
2024), available at <a href="https://www.rocis.gov/rocis/viewResources.do">https://www.rocis.gov/rocis/viewResources.do</a>
(``A `common form' is an information collection that can be used by
two or more agencies, or government-wide, for the same purpose. The
Common Forms Module [in ROCIS] allows a `host' agency to obtain
[OMB] approval of an information collection for use by one or more
`using' agencies. After OMB grants approval, any prospective using
agency that seeks to collect identical information for the same
purpose can obtain approval to use the `common form' by providing
its agency-specific information to OMB (e.g., burden estimates and
number of respondents). The host agency will indicate in the Federal
Register notices that it is requesting approval of a common form
and, if known, identify other agencies that may use the information
collection. Both the Federal Register notices and the ICR should
account only for the burden imposed by the host agency's use of the
common form. Once the host agency has received approval from OMB,
any agency will be able to request OMB approval for its use of the
common form in ROCIS by providing its agency specific information to
OMB (e.g., burden estimates and number of respondents). Additional
public notice by those agencies will not be required.'').
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Congress enacted Section 16 of the Securities Exchange Act of 1934
(``Exchange Act'') to address insider trading. Pursuant to Section
16(a), every person who owns more than ten percent of any class of
equity security (other than an exempted security) which is registered
under Section 12 of the Exchange Act, or who is a director or an
officer of the issuer of such security (collectively ``reporting
persons'') are
[[Page 19241]]
required to file statements disclosing their ownership of the issuer's
equity securities. The Commission adopted Form 4 (17 CFR 249.104)
pursuant to Section 16. Form 4 requires disclosure of certain
information about a reporting person and their beneficial ownership of
the relevant class of securities. A reporting person must file a Form 4
before the end of the second business day following the day on which a
transaction resulting in a change in beneficial ownership has been
executed. The information required by Form 4 is mandatory, and Form 4
filings are publicly available on the Commission's Electronic Data
Gathering, Analysis, and Retrieval (``EDGAR'') system. We estimate that
Form 4 takes approximately 0.5 hours per response and is filed
approximately 3.3 times per year by approximately 62,243 respondents,
for an estimated total of 212,003 responses annually.\2\ We estimate
that 100% of the 0.5 hours per response is carried internally by the
respondent for annual reporting burden of 106,002 hours (0.50 hours per
response x 212,003 responses) and $0 of estimated annual cost burden.
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\2\ We calculated this estimate by adding (A) the average number
of Form 4 filings annually for the period 2023 through 2025 (176,300
responses annually) to (B) the Commission's estimated increase in
the annual number of Form 4 filings based on its recent amendments
to implement the Holding Foreign Insiders Accountable Act (35,703
responses). See Holding Foreign Insiders Accountable Act Disclosure,
Release No. 34-104903 (Feb. 27, 2026) [91 FR 10320 (Mar. 3, 2026)].
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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.
Written comments are invited on: (a) whether this proposed
collection of information is necessary for the proper performance of
the functions of the agency, including whether the information will
have practical utility; (b) the accuracy of the agency's estimate of
the burden imposed by the collection of information; (c) ways to
enhance the quality, utility, and clarity of the information collected;
and (d) ways to minimize the burden of the collection of information on
respondents, including through the use of automated collection
techniques or other forms of information technology.
Please direct your written comments on this 60-Day Collection
Notice to Austin Gerig, Director/Chief Data Officer, Securities and
Exchange Commission, c/o Tanya Ruttenberg via email to
<a href="/cdn-cgi/l/email-protection#d282b3a2b7a0a5bda0b980b7b6a7b1a6bbbdbc93b1a692a1b7b1fcb5bda4"><span class="__cf_email__" data-cfemail="580839283d2a2f372a330a3d3c2d3b2c313736193b2c182b3d3b763f372e">[email protected]</span></a> by June 15, 2026. There will be a second
opportunity to comment on this SEC request following the Federal
Register publishing a 30-Day Submission Notice.
Dated: April 10, 2026.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-07223 Filed 4-13-26; 8:45 am]
BILLING CODE 8011-01-P
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