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#2289391 - 10/03/23 06:31 PM Reg O question
Brianna Offline
Member
Joined: Apr 2023
Posts: 55
Would a Principal Shareholder who is not a voting board member, but would vote to decide who those board members are, be considered a Reg O insider?

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Operations Compliance
#2289394 - 10/03/23 06:37 PM Re: Reg O question Brianna
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 85,442
Galveston, TX
215.2(h) Insider means an executive officer, director, or principal shareholder, and includes any related interest of such a person.

If they meet the threshold to be a principal shareholder, of course they are subject to Regulation O.
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#2289397 - 10/03/23 06:53 PM Re: Reg O question rlcarey
Brianna Offline
Member
Joined: Apr 2023
Posts: 55
Thank you for confirming.

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