StacksVerified U.S. regulatory reference

17 CFR §240.16c-4

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
Establishing or increasing a put equivalent position shall be exempt from section 16(c) of the Act, so long as the amount of securities underlying the put equivalent position does not exceed the amount of underlying securities otherwise owned.