Rule 701 Exemption Opinion Letter - Licensed US Attorney Required
Budget: £250 – £750 GBP
I currently hold 30,000 shares of the company’s Common Stock issued to me as compensation under a Restricted Stock Award Agreement dated July 1, 2025. The award fully vested on that same date, and the certificates still carry a restrictive legend. Before I ask the transfer agent to lift the legend so I can sell, I need a concise legal opinion confirming that the shares qualify for the SEC Rule 701 exemption.
Here is what I already have in hand: the executed Restricted Stock Award Agreement. I have not filed anything with the SEC regarding these shares, and I have never secured a prior legal opinion. If you need to see the underlying equity incentive plan or related corporate consents, let me know and I will request them from the company right away.
Your work will focus on:
• Reviewing the Restricted Stock Award Agreement ) to verify that the grant meets Rule 701 conditions.
• Drafting a formal opinion letter addressed to the transfer agent that supports legend removal under Rule 701(g) and references any applicable resale safe harbor (e.g., Rule 144 or Section 4(a)(1½) if relevant).
• Supplying a brief memo that explains the analysis in plain English and outlines any immediate next steps—such as delivering disclosures to me, coordinating with the company or transfer agent, and confirming state “blue sky” compliance.
I am looking for a U.S. securities lawyer who has prepared similar Rule 701 opinions for private-company equity holders. Please cite one or two recent, comparable matters in your message so I know you have the right experience.
Here is what I already have in hand: the executed Restricted Stock Award Agreement. I have not filed anything with the SEC regarding these shares, and I have never secured a prior legal opinion. If you need to see the underlying equity incentive plan or related corporate consents, let me know and I will request them from the company right away.
Your work will focus on:
• Reviewing the Restricted Stock Award Agreement ) to verify that the grant meets Rule 701 conditions.
• Drafting a formal opinion letter addressed to the transfer agent that supports legend removal under Rule 701(g) and references any applicable resale safe harbor (e.g., Rule 144 or Section 4(a)(1½) if relevant).
• Supplying a brief memo that explains the analysis in plain English and outlines any immediate next steps—such as delivering disclosures to me, coordinating with the company or transfer agent, and confirming state “blue sky” compliance.
I am looking for a U.S. securities lawyer who has prepared similar Rule 701 opinions for private-company equity holders. Please cite one or two recent, comparable matters in your message so I know you have the right experience.