What does Finrep do for SEC reporting teams?

Finrep provides purpose-built workflows for SEC reporting including roll-forward analysis, peer alignment benchmarking, comment letter risk detection, filing readiness checks, and AI-assisted disclosure drafting — all grounded in evidence and peer precedent.

How does Finrep help with 10-K and 10-Q drafting?

Finrep's Disclosure Drafting workflow drafts or refines 10-K and 10-Q sections using peer precedent, prior period language, and applicable ASC guidance as grounding sources. Every output is traceable to its source.

Can Finrep help respond to SEC comment letters?

Yes. Finrep's Comment Letter Response workflow drafts substantive, defensible responses to SEC staff comment letters by referencing peer company responses and applicable accounting guidance.

What workflows does Finrep offer for CFO and Controller teams?

Finrep offers Certification Readiness, Cross-Period Consistency, and Board Briefing workflows — covering pre-certification risk summaries, narrative consistency checks, and audit committee-ready disclosure summaries.

Does Finrep support ESG and sustainability reporting?

Yes. Finrep includes ESG Disclosure Benchmark and ESG Regulatory Monitoring workflows, supporting TCFD, SASB, and GRI framework alignment as well as SEC climate disclosure rule tracking.

Which teams in the CFO office does Finrep support?

Finrep supports SEC Reporting, Technical Accounting, Legal Counsel, Investor Relations, Disclosure Committee, CFO and Controller, Tax Team, and ESG Reporting functions.

How is the two-business-day deadline calculated?

Against SEC business-day rules, with the current SEC holiday calendar applied. The clock starts on the transaction date. Weekends and SEC holidays are excluded. Deadline counts are shown on the ledger so legal and the covered person can see the same clock.

How does this handle 10b5-1 plan transactions?

10b5-1 plan transactions are captured as they execute, with the plan reference and Rule 10b5-1(c) safe harbor status tracked. The Form 4 is pre-populated with the plan checkbox and explanatory footnote per the SEC's 10b5-1 disclosure requirements.

What happens when a filing is late?

The late filing is flagged immediately, the Form 4 is still prepared and submitted, and the event is carried into the proxy Item 405 workflow for the following annual meeting. A short-swing profit analysis under Section 16(b) is also surfaced if the late transaction has a matching transaction within six months.

Does this file forms directly to EDGAR?

Filing submission through EDGAR is part of the Finrep Section 16 product. Forms are drafted with pre-populated transaction detail, reviewed, and submitted through the EDGAR workflow, with acceptance confirmation tracked in the same ledger.

How does this handle covered-person status changes?

Appointments trigger the Form 3 filing obligation automatically. Departures update the covered-person ledger and close out open obligations after the post-departure reporting window. 10 percent threshold crossings are tracked against share ownership changes and aggregated group holdings.

Legal Counsel

Section 16 Compliance

Section 16 compliance is the ongoing obligation to file Forms 3, 4, and 5 for every officer, director, and 10 percent beneficial owner. Finrep tracks covered persons, holdings, and open derivative positions in one ledger, surfaces reportable events with the specific form and deadline, and monitors filing status through EDGAR submission.

Form 3, 4, 5

all three tracked

Two-business-day

deadline calculation

Live ledger

of covered person holdings

See sample reports

Sample Section 16 Compliance Reports

See what a Finrep section 16 compliance looks like on real public company filings. Download and review the full output.

Today's reality

Section 16 Compliance without Finrep

Covered person holdings tracked in a spreadsheet, updated after the fact
Reportable events identified from broker emails forwarded to legal
Form 4 deadlines calculated ad hoc, by hand, against SEC business-day rules
Filing status tracked in a separate system from the underlying transaction record

Legal Counsel · Ongoing

Every missed Form 4 shows up in next year's proxy

A general counsel's office tracking Section 16 compliance is tracking a moving target. An officer exercises options on Monday. An RSU tranche vests for a director on Tuesday. A 10 percent holder acquires additional shares through an affiliate on Wednesday. A founder makes a charitable gift on Thursday. Each transaction has a form, a deadline, and a reportable detail set, and the clock is counting business days, not calendar days.

The failure mode is the lag between when a transaction happens and when someone in legal hears about it. The email from the broker arrives Friday afternoon. The deadline passed Wednesday. Item 405 disclosure in the next proxy, a conversation with the audit committee, and a Section 16(b) short-swing profit analysis on whether the late filing triggers a matching transaction. The calendar failure is the compliance failure.

Without Finrep

Manual process

Covered person holdings tracked in a spreadsheet, updated after the fact
Reportable events identified from broker emails forwarded to legal
Form 4 deadlines calculated ad hoc, by hand, against SEC business-day rules
Filing status tracked in a separate system from the underlying transaction record

With Finrep

Automated workflow

Live ledger of covered persons, holdings, and open derivative positions
Reportable events surfaced with the form, deadline, and pre-populated detail
Two-business-day clock calculated automatically with SEC holiday calendar
Filing status tracked from event through EDGAR submission in one view

From covered person profile to filed form in four steps

Configure covered persons

Set up profiles for all officers, directors, and 10 percent beneficial owners. Opening holdings, open derivative positions, 10b5-1 plans, and related-party structures are captured once.

Monitor reportable transactions

Track open-market transactions, option exercises, RSU vestings, gifts, and 10b5-1 plan transactions as they occur. Each event is mapped to the specific covered person and the reportable instrument.

Review filing obligations

See upcoming filing deadlines with the required form type (Form 3 for new insiders, Form 4 for most transactions, Form 5 for annual catch-up), the two-business-day deadline, and pre-populated transaction detail.

Track filing status through EDGAR

Monitor whether each required filing has been submitted, with alerts for approaching deadlines and confirmation of EDGAR acceptance for each filed form.

What you get

Live compliance dashboard with covered-person ledger, deadline queue, filing status, and delinquency review support

Ask FinaDashboard

Legal Counsel

What Section 16 Compliance does at a glance

Team: Legal Counsel
Filing phase: Ongoing
Output: Live compliance dashboard with covered-person ledger, deadline queue, filing status, and delinquency review support
Modules: Ask FinaDashboard

What a working compliance system actually tracks

Two-business-day deadline calculation

Form 4 deadlines calculated against SEC business-day rules with the SEC holiday calendar applied. Form 3 and Form 5 deadlines tracked on their separate timelines. No manual day counting, no calendar-day errors.

Full reportable transaction coverage

Captures open-market transactions, option exercises and tax withholds, RSU and PSU vestings, gifts, inherited securities, 10b5-1 plan transactions, exempt transactions, and derivative position changes.

Live covered-person ledger

Holdings and open derivative positions are maintained in real time for every officer, director, and 10 percent holder. New Section 16 officers are flagged on appointment. Covered-person status changes (departures, threshold crossings) are tracked.

Filing status through EDGAR submission

Each reportable event is tracked from transaction through drafted form to EDGAR acceptance. Overdue filings surface immediately. Late filings carry the Item 405 implication into the proxy compliance workflow.

Built for the counsel that signs the Section 16 letter

Purpose-built for every role in the filing workflow.

Legal Counsel

The Monday-morning question ("do we have any Section 16 events open from last week?") has an answer in one view instead of three inboxes. The deadline calendar and the transaction record are the same system.

Corporate Secretary

New officer appointments trigger the Form 3 filing automatically. Departures update the covered-person ledger. Proxy Item 405 reporting is backed by a full filing-status record, not a reconstruction after year-end.

Common Questions About Section 16 Compliance

Form 3 (new insiders), Form 4 (most reportable transactions), and Form 5 (annual catch-up). Transaction coverage includes open-market buys and sells, option exercises, RSU and PSU vestings, gifts, inherited securities, 10b5-1 plan transactions, exempt transactions, and derivative position changes. Table I and Table II both supported.