Does a SAFT Offering under Regulation D Require Any Disclosure to the SEC?

Yes, a SAFT offering under Regulation D requires a disclosure filing to the SEC. Specifically, the issuer must file a "Form D" notice with the SEC within 15 days after the first sale of the security.

Form D is a brief notice that provides information about the issuer and the offering, including the amount sold and the exemption claimed. However, Regulation D does not require the issuer to provide a formal, full-blown registration statement or prospectus to the SEC or to the investors themselves.