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Tax Basis Reporting

IRS Form 8937 provides information concerning a security subject to a corporate event which affects the tax basis of that security. OCC is required by Internal Revenue Code Section 6045B to publish an IRS Form 8937 for any equity option or security futures contract adjustment in which the number of contracts is increased. These adjustments typically occur is response to integer splits or distributions (e.g., 2:1, 3:1). OCC is not required to publish a Form 8937 for non-integer splits (e.g., 3:2, 4:3, reverse splits) where the contract adjustment does not affect the number of contracts.

Options

Information Memo Symbol Underlying Issuer and Action Effect on Number of Contracts Basis in Each Replacement Contract* Effective Date Tax Form
48540 VTWO Vanguard Russell 2000 ETF 2-for-1 Split Doubled 50.00% 04/20/21 Form 8937
48541 VONV Vanguard Russell 1000 Value ETF 2-for-1 Split Doubled 50.00% 04/20/21 Form 8937
48368 SHW/2SHW The Sherwin-Williams Company 3-for-1 Split Tripled 33.33% 04/01/21 Form 8937
48388 ELP Companhia Paranaense de Energia 10-for-1 Split x10 10.00% 03/18/21 Form 8937
48374 VRNS Varonis Systems, Inc. 3-for-1 Split Tripled 33.33% 03/15/21 Form 8937
48373 EDU New Oriental Education & Technology Group Inc. 10-for-1 Split x10 10.00% 03/12/21 Form 8937
48325 APH/1APH Amphenol Corporation 2-for-1 Split Doubled 50.00% 03/05/21 Form 8937
48314 HWKN Hawkins, Inc. 2-for-1 Split Doubled 50.00% 03/02/21 Form 8937
48246 TECL Direxion Daily Technology Bull 3X Shares 10-for-1 Split x10 10.00% 03/02/21 Form 8937
48245 SOXL Direxion Daily Semiconductor Bull 3X Shares 15-for-1 Split x15 6.67% 03/02/21 Form 8937
48276 FIZZ National Beverage Corporation 2-for-1 Split Doubled 50.00% 02/22/21 Form 8937
48224 EXPI eXp World Holdings, Inc. 2-for-1 Split Doubled 50.00% 02/16/21 Form 8937
48237 FNGS Microsectors Fang+ ETN 4-for-1 Split Quadrupled 25.00% 02/12/21 Form 8937
48190 TQQQ ProShares UltraPro QQQ 2-for-1 Split Doubled 50.00% 01/21/21 Form 8937
48191 RXL ProShares Ultra Health Care 2-for-1 Split Doubled 50.00% 01/21/21 Form 8937
48080 RETL Direxion Daily Retail Bull 3X Shares 5-for-1 Split Quintupled 20.00% 01/11/21 Form 8937

* As % or fraction of prior basis per contract

Futures

There are no records for this time period.

This web site discusses exchange-traded options issued by The Options Clearing Corporation. No statement in this web site is to be construed as an endorsement, recommendation or solicitation to purchase or sell a security, or to provide investment advice. Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of the disclosure document, Characteristics and Risks of Standardized Options. Individuals should not enter into option transactions until they have read and understood this document. To obtain copies, contact your broker, any exchange on which options are traded, or The Options Clearing Corporation, 125 S. Franklin Street, Suite 1200, Chicago, IL 60606 ([email protected]).