Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Form 5-Annual Statement of Beneficial Ownership

[Federal Register Volume 91, Number 73 (Thursday, April 16, 2026)]
[Notices]
[Pages 20527-20528]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2026-07432]


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SECURITIES AND EXCHANGE COMMISSION

[OMB Control No. 3235-0362]


Agency Information Collection Activities; Proposed Collection; 
Comment Request; Extension: Form 5--Annual Statement of Beneficial 
Ownership

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. 3235-0362) 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 https://www.rocis.gov/rocis/viewResources.do 
(``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 required to file statements disclosing their ownership 
of the issuer's equity securities. The Commission adopted Form 5 (17 
CFR 249.105) pursuant to Section 16. Form 5 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 5 on or before the 45th day after the end of the issuer's 
fiscal year end. We estimate that Form 5 takes approximately one hour 
per response and is filed once per year by approximately 2,724 
respondents, for an estimated total of 2,724 responses annually.\2\ We 
estimate that 100% of the one hour per response is carried internally 
by the respondent for annual reporting burden of 2,724 hours (one hour 
per response x 2,724 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 5 filings annually for the period 2023 through 2025 (1,550 
responses annually) to (B) the Commission's estimated increase in 
the annual number of Form 5 filings based on its recent amendments 
to implement the Holding Foreign Insiders Accountable Act (1,174 
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.

[[Page 20528]]

    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 
PaperworkReductionAct@sec.gov 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 14, 2026.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-07432 Filed 4-15-26; 8:45 am]
BILLING CODE 8011-01-P