Skip to main content
Home
Home

A Section 16 Change That Some Might Have Missed (Way Back When)

Public Chatter

A Section 16 Change That Some Might Have Missed (Way Back When)

For the next installment for my series of e-signature blogs, when the SEC amended Rule 302 of Regulation S-T in 2020, nearly everyone focused on that rule change – and the related relief it provided for those involved in the 10-Q and 10-K process. What some may have missed is that the SEC also made parallel changes to Rule 16a-3(i). A rare Section 16 rule change! That means you can adopt an electronic signature process for your Section 16 filings too. Signature authentication for Form 4s! Now that's a true blessing! Although it does beg the question: how many folks out there haven't been manually signing each Form 4 and Form 5? Those that sign on behalf of insiders as power of attorney should be signing each Form they file with the SEC. I imagine some have forgotten that obligation. It's not like there is much SEC enforcement risk here. In all my years, I've only seen a handful of enforcement cases that mention a Rule 302(b) violation – and that violation was tacked onto more serious charges…

Print and share

Explore more in

Blog series

Public Chatter

Public Chatter provides practical guidance—and the latest developments—to those grappling with public company securities law and corporate governance issues, through content developed from an in-house perspective.   

Subscribe 🡢



Visit Public Chatter Resources for Guides, Quick Alerts and Programs

View the blog
Home
Jump back to top