StacksVerified U.S. federal law reference

17 CFR §240.16a-9 — a-9 Stock splits, stock dividends, and pro rata rights.

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov
The following shall be exempt from section 16 of the Act:
  1. (a)The increase or decrease in the number of securities held as a result of a stock split or stock dividend applying equally to all securities of a class, including a stock dividend in which equity securities of a different issuer are distributed; and
  2. (b)The acquisition of rights, such as shareholder or pre-emptive rights, pursuant to a pro rata grant to all holders of the same class of equity securities registered under section 12 of the Act.