144 stock

144 stock

Used in the context of general equities. Restricted stock.

Restricted Security

A stock or right that one acquires through some means other than the open market. One may receive a restricted security through a merger or acquisition, private placement prior to an IPO, or sometimes through a stock option. A restricted security is not registered with the SEC and thus may not be sold publicly until registration has been made. It is less commonly called a letter security.
References in periodicals archive ?
Thus, a salesperson arriving at his or her office each morning, can find on his or her computer names, telephone numbers and wealth potential information for individuals who have sold their 144 stock.
However, liquidity is a problem because owners are restricted from selling newly issued stock (see "Liquefying Rule 144 Stock," the sidebar on page 43).