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Company ABC stock currently trades on an exchange.

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Company ABC stock currently trades on an exchange. An ABC insider wants to sell a large number of shares of her privately held ABC stock. ABC files the necessary paperwork to register the shares, but the insider decides to wait and sell the stock at a later date. Which of the following terms best describes the type of offering that is occurring in this situation?

A.

A rights offering

B.

A private offering

C.

An exempt offering

D.

A secondary offering

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FINRA SIE Summary

  • Vendor: FINRA
  • Product: SIE
  • Update on: Feb 18, 2026
  • Questions: 266
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TESTED 18 Feb 2026