---
title: "Form D notice of sales checklist"
url: "https://ailawframework.com/precedents/capital-markets-and-securities-ecm-dcm-and-disclosure/us-form-d-notice-checklist"
type: "precedent"
site: "AI Law Framework"
id: "a4-us-form-d-notice-checklist"
area_id: "A4"
kind: "checklist"
ai_level: "yellow"
version: 1
task_ids: ["A4-X20260927-3"]
law_stated_as_at: "2026-10-22"
---

# Form D notice of sales checklist

> Filing checklist for a Rule 503 notice of sales on Form D. It records the timing, the amendment exceptions and the EDGAR signature rule. It does not reproduce Form D.

Canonical page: https://ailawframework.com/precedents/capital-markets-and-securities-ecm-dcm-and-disclosure/us-form-d-notice-checklist  
Law stated as at: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

- Kind: Checklist. Steps or checks to work through and tick off.
- Practice area: [Capital Markets & Securities — ECM/DCM and Disclosure](https://ailawframework.com/precedents/capital-markets-and-securities-ecm-dcm-and-disclosure.md)
- Jurisdictions: United States
- AI level: Yellow. You and the tool draft together, with you directing. You check every statement you rely on.
- Law stated as at: 2026-10-22
- Status: Maintained. Checked on 2026-10-22 against the 2 authorities it cites, for United States.

## When to use it

Use when an issuer relying on Rule 506 needs a list of what Rule 503 requires of the notice of sales. Do not use it to complete or file Form D.

## Used for these tasks

- [Prepare the Appendix 3B and Appendix 2A lodgement data for an issue of securities](https://ailawframework.com/practice/capital-markets-and-securities-ecm-dcm-and-disclosure/prepare-the-appendix-3b-and-appendix-2a-lodgement-data-for-an-issue-of-s.md)

## How AI may be used

Yellow: the lawyer prepares and authorises the notice. This checklist only lists the Rule 503 duties that were read.

**AI may:**

- Calculate the 15-calendar-day date from the first sale, and move it to the next business day if it falls on a Saturday, Sunday or holiday.
- List the Rule 503(a)(3) changes that do not by themselves require an amendment, with the percentage limits the rule states.
- Record that an amendment must give current information for every requirement of the notice.

**AI must not:**

- Do not complete Form D or file it on EDGAR.
- Do not restate Form D item headings. The form, 17 CFR 239.500, was not opened. Item 3 and Item 12 are named only because Rule 503 names them.
- Do not decide that a mistake is not material.

**The lawyer checks:**

- Confirm the date of first sale from the issuer's records.
- Read Form D and its instructions before the notice is signed.
- Decide who is duly authorised to sign.
- Check state notice filings separately. They are not in Rule 503.

## Authorities

- [17 CFR § 230.503](https://www.law.cornell.edu/cfr/text/17/230.503)
- [17 CFR § 230.506](https://www.law.cornell.edu/cfr/text/17/230.506)

## Full text and drafting notes

The full text and the drafting notes are not part of this public page. Signed-in firm accounts can read them at https://ailawframework.com/precedents/capital-markets-and-securities-ecm-dcm-and-disclosure/us-form-d-notice-checklist and through the signed-in MCP connector https://ailawframework.com/mcp/firm.

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*