Stock deposit under Rule 144.
A service for affiliates and long-term holders of securities held in book-entry form: eligibility review, DWAC deposit, and — when you choose to sell — execution under SEC Rule 144.
What is Rule 144?
SEC Rule 144 is the safe harbor that lets holders of restricted and control securities resell them into the public market once specific conditions are met. We review eligibility, coordinate the deposit of your shares, and, when you decide to sell, execute through our clearing relationships.
Legend removal comes first and is handled by you — your securities attorney issues the Rule 144 legal opinion and the transfer agent clears the legend once the criteria are met. From there, we review eligibility and coordinate the clearing firm review and DWAC deposit. Selling afterward is your choice, on your timeline.
All deposits are subject to review and approval by our clearing firm. Acceptance is not guaranteed and depends on the security, supporting documentation, and applicable regulatory conditions.
From book-entry deposit to settled proceeds
Legend removal (client-handled)
Gather the seller's representation letter, broker's representation letter, and Rule 144 legal opinion, and submit them to the transfer agent to remove the restrictive legend.
Submit documents to us
Once the shares are unrestricted, send us the security details, supporting documents, and your ownership and acquisition history.
Eligibility review
We assess holding period, affiliate status, and the applicable Rule 144 conditions.
Clearing firm review
The deposit package is reviewed by our clearing firm — acceptance is subject to its approval.
DWAC deposit
Approved shares are deposited electronically via DWAC from the transfer agent into your brokerage account.
Sale & settlement
If and when you choose to sell, we execute the order and settle the proceeds to your account.
Eligibility, at a glance
If any of these describe your position, you may be a candidate. We confirm the specifics during review.
Affiliates and control persons
Officers, directors, and other control persons holding restricted or control securities.
Non-affiliate long-term holders
Non-affiliates holding restricted securities past the applicable holding period.
Private placement investors
Shares acquired in a private placement or Regulation D offering.
Employee equity holders
Equity received through employee plans, options, or RSUs.
M&A and conversion stock
Stock received through a merger, acquisition, or conversion.
Founders and early investors
Founders and early investors in newly public companies.
Supporting documents to provide
Have these ready when you submit a deposit. Some are required in all cases; others depend on how your shares were acquired.
DRS / Transfer Agent Statement
A statement from the transfer agent showing the shares issued in your name, number of shares, share status, and related details.
DSRQ Form
Please complete the DSRQ form we provide as part of the deposit package.
Share-issuance documents
All documents relating to how the shares were issued to you — signed agreements, board resolutions, and similar records.
Rule 144 Legal Opinion
The Rule 144 legal opinion issued by a U.S.-qualified securities lawyer.
Seller's Representation Letter
The letter you sign and provide to the attorney to prepare the legal opinion — it is referenced by the attorney in the opinion letter.
Broker's Representation Letter
The representation letter we provide as the executing broker-dealer, submitted alongside the legal opinion in the legend-removal package.
Proof of Consideration
Proof of payment such as a bank wire receipt or bank statement showing the amount paid directly to the company.
Subscription / Loan Agreement
Depending on how you acquired the shares, the agreement governing that acquisition.
Issuer Confirmation Letter
A letter from the issuer acknowledging receipt of your payment, to support the funding trail.
All deposits are subject to review and approval by our clearing firm. Acceptance is not guaranteed and depends on the security, supporting documentation, and applicable regulatory conditions. No assurance can be given as to the timing of any review, deposit, or sale, or the price at which shares may be sold. Sales by affiliates remain subject to Rule 144 conditions, including volume limitations, manner-of-sale requirements, current public information, and Form 144 filing where applicable. All investments involve risk, including possible loss of principal. Eddid Securities USA Inc. does not provide legal or tax advice; holders should consult their own securities counsel regarding Rule 144 eligibility and legend removal.
Have shares to deposit?
Send us the details and our team will review eligibility and outline the next steps. All deposits remain subject to clearing firm review and approval.
Submit a deposit inquiry →