Who qualifies for Exemption from the Beneficial Owner Definition? Are there exceptions to the definition of beneficial owner?

There are five exceptions to the definition of beneficial owner. These are individuals who would otherwise be a beneficial owner but because they qualify for an exception, they will not be reported as a beneficial owner. And those exceptions are for:

1. A minor child however, the reporting company has to provide the required personal information of a parent or legal guardian to qualify for this exception,
2. An individual acting as a nominee, intermediary, custodian, or agent on behalf of another individual,
3. An individual whose only interest in the reporting company is a future interest through a right of inheritance,
4. an employee of the reporting company, acting solely as an employee, provided, however, that the individual is not a senior officer, and
5. a creditor of the reporting company.