Form345.com is a leading SEC filing platform based in Sandy, Utah, USA, designed to assist public companies, insiders, law firms, and filing agents with compliance under Section 16 filing requirements. The platform provides a user-friendly, automated, and efficient solution for managing SEC Form 3, 4, and 5 filings. With a strong focus on automation, ease of use, and advanced reporting, Form345.com eliminates the complexities of SEC filings while ensuring accuracy and compliance.
Understanding Section 16 Filing Requirements
Under Section 16 filing requirements, officers, directors, and beneficial owners of publicly traded companies must disclose their securities transactions to the Securities and Exchange Commission (SEC). These filings are essential for maintaining transparency and preventing insider trading violations. Form345.com is designed to simplify compliance with these regulations by automating Form 3, 4, and 5 filings, reducing manual entry, and ensuring timely submission.
What Are SEC Forms 3, 4, and 5?
Before exploring Form345.com’s features, it’s essential to understand SEC Forms 3, 4, and 5, which serve as mandatory disclosures for insiders.
Form 3: Initial Statement of Beneficial Ownership
Form 3 is required when an individual becomes an insider by acquiring a significant stake in a company. It must be submitted within 10 days of the ownership change, detailing the insider’s holdings.
Form 4: Statement of Changes in Beneficial Ownership
Whenever an insider buys, sells, or transfers shares, Form 4 must be filed within two business days. It helps track insider transactions and prevent unlawful stock trades.
Form 5: Annual Statement of Beneficial Ownership
Form 5 is filed annually to report transactions not previously disclosed on Form 4. It includes exempt transactions or overlooked trades and must be submitted within 45 days of the company’s fiscal year-end.
How Form345.com Automates SEC Filings
Handling Section 16 filing requirements manually can be time-consuming and error-prone. Form345.com automates the entire process, ensuring filings are completed quickly, accurately, and in full compliance with SEC regulations.
1. Automated Data Population
Form345.com syncs filer profiles with SEC public data, reducing manual data entry. It also manages EDGAR codes, ensuring all necessary filing details are pre-populated.
2. Real-Time Compliance Validation
The platform performs real-time validation to check for errors or missing information before submission, preventing rejections and keeping filings SEC-compliant.
3. Footnote & Entity Libraries
Form345.com provides a Footnote Library for commonly used notes and an Entity Library to manage multiple reporting owners efficiently. This simplifies filings for companies with complex ownership structures.
4. Holdings Tracking
The system automatically tracks insider ownership changes and updates the data in real time. This ensures all filings reflect accurate and up-to-date shareholder information.
Ease of Use: Simplifying the SEC Filing Process
Form345.com is designed for legal and financial professionals seeking a simple yet effective SEC filing solution.
1. Reusable Filings for Future Use
Users can save and reuse past filings, streamlining recurring transactions and eliminating redundant data entry.
2. Proof Creation & Collaboration
The platform generates proof copies for internal reviews and external collaboration, ensuring all stakeholders approve filings before submission.
3. Secure, Web-Based Access
Form345.com is entirely cloud-based, providing 24/7 access from any device while maintaining strong security protocols to protect sensitive data.
Advanced Reporting Features for Financial and Legal Professionals
Legal and financial experts require detailed reporting to analyze insider transactions and ensure compliance. Form345.com offers advanced tools for data tracking and reporting.
1. Filing Archives & Audit Trail
The platform stores historical SEC filings, making it easy to access records for audits and compliance reviews.
2. Excel Export & Data Analysis
Users can export filing data to Excel, allowing for customized reporting and deeper financial analysis.
3. Custom Tags & Categorization
Form345.com allows users to tag and categorize filings, making it easier to track specific transactions or filer activities.
Ensuring SEC Compliance with Form345.com
Meeting Section 16 filing requirements is critical for companies and insiders. Form345.com includes compliance tools that minimize errors and ensure filings are accurate and on time.
1. Real-Time Validation Before Submission
The platform alerts users of errors or missing fields, preventing rejected filings and non-compliance penalties.
2. Form & Field Tips for Accuracy
On-screen prompts guide users through each filing, helping them enter accurate data and avoid mistakes.
3. Test Filing Feature for Risk-Free Submissions
Users can conduct test filings before final submission to ensure all data is correct and SEC-compliant.
Why Choose Form345.com?
For law firms, corporate officers, and financial professionals, Form345.com is the best solution for managing Section 16 filing requirements.
Key Benefits:
Automated Form 3, 4, and 5 Filings – Reduces manual work and speeds up submission.
Real-Time Validation – Prevents errors before SEC submission.
User-Friendly Interface – Simple and intuitive platform for all users.
Secure Cloud Access – Access filings from anywhere, anytime.
Advanced Reporting & Tracking – Essential for financial analysis and compliance audits.
Conclusion
Form345.com is a comprehensive, automated solution for managing SEC Form 3, 4, and 5 filings. With automation, compliance validation, secure access, and advanced reporting, it is the ideal choice for public companies, insiders, and legal professionals.
By using Form345.com, businesses can simplify their SEC filing process, reduce errors, and stay compliant with Section 16 filing requirements. If you’re looking for a reliable, efficient, and secure filing platform, Form345.com is your go-to solution.
