The short answer
SEC Form D is a short notice that a company files with the US Securities and Exchange Commission when it sells securities in a private offering exempt from registration under Regulation D. It is generally due within 15 days of the first sale and is public on EDGAR.
At a glance
- Term
- SEC Form D
- Also known as
- Form D filing · Form D/A
- Category
- Registers & filings
- Where it matters
- Company and founder due diligence
SEC Form D in practice
A Form D lists the issuer, its related persons (executive officers, directors and promoters), the exemption claimed, the total offering amount, the amount sold, the number of investors and the industry group. Amendments are filed as Form D/A.
Because it is filed early in a raise and is public, Form D is the most widely used primary source for tracking US private fundraising.
Why SEC Form D matters
- A dated, primary-source record that a company raised money.
- Related persons show who runs the company.
- A long public history of filings supports research and forecasting.
SEC Form D in MarketPrior
New Form D filings, amendments and amounts sold are sales triggers in the lead feed. In reports, investors are inferred from Form D director and promoter seats. The outcome forecast is trained on the complete public SEC Form D data sets, 2008–2026, and its accuracy is published only as out-of-time backtest results.
A company can raise without filing a Form D, and the figures are reported by the issuer, not audited.