This Note discusses the exemption from the registration requirements of the Securities Act provided for resales of securities by Securities Act Section 4(a)(1) and the safe harbor provided by Securities Act Rule 144. In particular, this Note explains who is eligible to rely on the Section 4(a)(1) exemption and the Rule 144 safe harbor and distinguishes the treatment of control securities and restricted securities. In addition, this Note describes the conditions that must be satisfied to rely on Rule 144, including any holding period and volume limitations that apply in specified circumstances. In addition, this Note discusses restrictive legends and how to remove them from securities.