SEC announcements that must be understood when learning about U.S. stocks

When a company issues securities or securities-related products, it must provide detailed information about those securities to help investors understand their true nature and decide whether to purchase them. In short, Lending Club—a major U.S. P2P company—must frequently file Form 424B3. Why is this so complex? Because in 2008, the SEC ruled that Lending Club’s P2P investment products offered to retail investors qualified as securities and therefore required full registration with the SEC, ensuring maximum transparency to protect investors on the Lending Club platform. Thus, Lending Club must disclose detailed information about individual borrowers and borrowing companies in its Form 424B3. 10. CT ORDER Confidential treatment request. When a public company engages in preliminary activities such as bidding for an acquisition or negotiating a merger with partners, it may apply to the SEC for temporary confidentiality of related information—to prevent competitors from copying or engaging in malicious competition, and to avoid potentially severe market volatility. Regulators can access the confidential information, but investors cannot. For example, if Alibaba were planning a major event like acquiring Sina, it could apply for a CT ORDER to prevent malicious bidding and leaks of sensitive information—informing investors only that “a confidential matter is underway,” with full disclosure deferred until after the agreement is finalized. 11. SF-3 / SF-3A This form must be filed when a company issues asset-backed securities (ABS) to raise financing. 12. F-3ASR This form is required when issuing American Depositary Receipts (ADRs) to designated institutional or individual investors. Example: If SouFun needed financing and issued ADRs to institutions such as Carlyle Group, it would be required to file Form F-3ASR in advance to disclose relevant information to investors. 13. F-6 A relatively common filing among investors in Chinese概念股 (Chinese概念股 refers to Chinese companies listed in the U.S.). When original investors or management of a Chinese company listed in the U.S. wish to trade their shares in ADR form, they must submit Form F-6 to the SEC. This filing often signals an upcoming share sale (i.e., “dumping”). Since original investors or management hold ordinary shares of the company, they must first apply to a depositary bank to convert those ordinary shares into tradable ADRs before selling them on the open market. Further details about ADRs will be covered in the next chapter. 14. S-8 After a company goes public, employee stock ownership plans must be registered for the first time and publicly disclosed using Form S-8. 15. POS AM Post-effective amendment—used to correct or update information contained in a previously filed registration statement. 16. Form 144 Notice of proposed sale of securities. When insiders or affiliates of a public company plan to sell company shares—and the sale may exceed 5,000 shares within three months or have an aggregate market value exceeding $50,000—they must file Form 144 to alert investors to potential risks. For example, if Google co-founder Larry Page planned to sell shares to realize $100,000 in proceeds, he would need to file Form 144 with the SEC and all investors, disclosing the number of shares to be sold, the price range, and the deadline for the sale.

Still filing paper forms? Then don’t forget Form 1096!

Although electronic filing is now the dominant method, many taxpayers still file paper returns. If you engaged U.S. contractors during the year, you must submit Form 1096 along with your paper filings—or face penalties of varying amounts. 01 What is Form 1096? Form 1096, officially titled the “Annual Summary and Transmittal of U.S. Information Returns,” serves as a cover sheet summarizing totals across various information return forms, facilitating IRS processing and verification. Unlike Forms 1099 and others, Form 1096 applies exclusively to paper filing; it is not required for electronic submissions. Entities—including corporations, partnerships, sole proprietors, and trusts—that choose to mail paper copies of the following forms to the IRS must include Form 1096 as a summary attachment: ・ Form 1099 (Miscellaneous Income) ・ Form 1098 (Mortgage Interest Statement) ・ Form 3921 (Exercise of Incentive Stock Options) ・ Form 3922 (Transfer of Stock Acquired Through an Employee Stock Purchase Plan) ・ Form 5498 (IRA Contribution Information) ・ Form W-2G (Certain Gambling Winnings) If your company hired U.S. independent contractors during the year—for example, to build a website—you must issue them Form 1099 and send a copy to the IRS; under paper-filing rules, you must also submit Form 1096. 02 How to complete Form 1096 Step 1: Enter business information The first step is to enter all required business information, including company name, address, and the total number of information return forms being submitted. Step 2: Enter filer’s personal information Next, provide the following personal details: ・ Full name ・ Telephone number ・ Email address ・ Fax number ・ Mailing address (city, state, country, ZIP code)

REX American Resources Files Form 144 Notice for Stock Sales

Jun 8, 2026

REX American Resources submitted a Form 144 notice to the SEC for selling 100,000 shares via J.P. Morgan Securities LLC, including historical option exercise data through June 2024.

Stock Titan

2026-06-08

REX American Resources Files Form 144 Notice for Stock Sales

2026-10-01

REX American Resources Files Form 144 for October 1

REX American Resources Files Form 144 Notice for Stock Sales

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