What is the reason I need to comply with Rule 144?
Compliance with Rule 144 protects you from being treated like an “underwriter”. If you are treated like an “underwriter”, your stock would need to be registered under the Securities Act of 1933 when you sell it into the public securities market. If you are treated like an “underwriter” and sell stock without registration, you violate civil and criminal provisions of the Securities Act of 1933.