What must be done if a seller exceeds the volume limits on sales covered by Form 144?

When a seller exceeds the volume limits on sales covered by Form 144, the correct course of action is to file additional forms as necessary. Form 144 is used to provide notice of the proposed sale of securities in a limited amount, and it includes specific volume limitations intended to prevent market manipulation and protect both the seller and potential buyers.

If a seller finds that they have exceeded these volume limits, they must ensure that proper filings are completed to account for the additional sales. This may involve submitting another Form 144 that reflects the additional volume of shares sold, ensuring compliance with regulatory requirements. Accurate and timely filings help maintain transparency in the market and ensure that the seller operates within the legal framework set by the SEC.

The other options suggest alternative actions that would not effectively address the issue of exceeding volume limits. For instance, notifying the SEC or ceasing all sales could unnecessarily halt trading activities and could impose delays or complications without resolving the fundamental need to report the excess sales properly. Similarly, returning sold securities to the issuer is not a standard practice in this context and would not rectify the situation concerning volume limits.