120 Business Days Ago
120 business days ago (October 14, 2026) is:
Wednesday, April 22, 2026
That is 175 calendar days, skipping 50 weekend days and 5 US federal holidays.
Based on US federal holidays. Use the calculator below to change country.
Step back 120 business days from today, skipping weekends and US federal holidays, and you get the date above. The useful version of this question is usually about the start of a period that has already run: when a notice arrived, when goods were delivered, whether an event still sat inside a window that has since closed. The result card adjusts to your local calendar once the page loads, and the calculator below lets you replace today with whatever fixed date you are working back from.
A hundred and twenty business days back is twenty-four work weeks, close to half a working year. At this distance the number that matters is rarely the count itself but the date it lands on, because half-year windows are where a small error at the start becomes a large one at the end. The forward page is 120 business days from today.
The federal 120 that is checked in reverse
Securities law contains a hundred-and-twenty-day period that exists only to be audited after the fact. A trading arrangement claiming the affirmative defence in Rule 10b5-1 must observe a cooling-off period before trading begins. For a director or officer, 17 CFR 240.10b5-1(c)(1)(ii)(B) sets that as the later of ninety days after adoption of the plan or two business days following disclosure of the issuer's financial results, and then caps the whole thing: the cooling-off period "is subject to a maximum of 120 days after adoption of the contract, instruction, or plan".
Note the mixed units inside one provision: ninety days counted plainly, two business days, and a hundred-and-twenty-day ceiling. Anyone reconstructing whether a trade was protected has to find the adoption date, the disclosure date and the first trade date, then check each leg against the unit that leg uses. Persons other than the issuer, directors and officers get a thirty-day cooling-off period under the neighbouring paragraph instead.
Twenty-four work weeks, worked out
| What was counted | Figure |
|---|---|
| Total span in calendar days | 175 days |
| Working weeks behind us | 24 weeks |
| Elapsed weeks on the wall calendar | 25 weeks |
| Roughly how many months back | 5.7 months |
| Weekend days inside the lookback | 50 |
| Public holidays inside the lookback | 5 |
| Weekday of the earlier date | Wednesday |
Half a year of exclusivity, seen from the far end
Chapter 11 supplies the other well-known 120. Under 11 U.S.C. 1121(b) only the debtor may file a plan during the first hundred and twenty days after the order for relief, extendable under 1121(d)(2)(A) to no more than eighteen months. Counting back from today tells a creditor whether that exclusive period has closed and therefore whether a competing plan is even possible.
The period runs in plain days, which at this length is a substantial difference. The forward page treats the same provision as a scheduling problem for the debtor. Here it is a question about what has already expired.
At this length the start date decides everything
A hundred and twenty working days is roughly half a year of wall-clock time, and half a year contains enough holidays that the exact set matters. Shift the reference date by a week and the window can pick up or drop a federal holiday, moving the far end by a day on top of the seven you moved deliberately.
That is why a lookback of this size should be computed against a specific date rather than described in months. The country table below makes the same point across calendars: the same count reaches materially different places depending on whose holidays you are skipping.
Every holiday inside half a working year
| Public holiday | Fell on | Day of week |
|---|---|---|
| Columbus Day | October 12, 2026 | Monday |
| Labor Day | September 7, 2026 | Monday |
| Independence Day (observed) | July 3, 2026 | Friday |
| Juneteenth | June 19, 2026 | Friday |
| Memorial Day | May 25, 2026 | Monday |
Half a working year of lookback, by country
Twenty-four work weeks against seven national calendars. The calendars carrying the densest holiday sets reach furthest back for the same nominal count.
| National calendar | Points back to | Holidays in the span | Against the US date |
|---|---|---|---|
| United Kingdom | April 24, 2026 | 3 | 2 days more recent |
| Canada | April 22, 2026 | 5 | Identical |
| Germany | April 24, 2026 | 3 | 2 days more recent |
| Spain | April 27, 2026 | 2 | 5 days more recent |
| India | April 22, 2026 | 5 | Identical |
| Japan | April 15, 2026 | 10 | 7 days further back |
| Mexico | April 27, 2026 | 2 | 5 days more recent |
What this page is built on
Read and confirmed on September 7, 2026. Several periods below run in calendar days even though the page counts in working days, and each one says so where it appears rather than in a footnote.
- 17 CFR 240.10b5-1(c)(1)(ii)(B) (opens in a new tab) (Office of the Federal Register (eCFR))
- 11 U.S.C. 1121(b), (d)(2)(A) (opens in a new tab) (U.S. Government Publishing Office)
- 5 U.S.C. 6103, legal public holidays (opens in a new tab) (U.S. Government Publishing Office)
- Federal holidays (opens in a new tab) (U.S. Office of Personnel Management)
The same count, running the other way
If you need to set a deadline rather than reconstruct one, the sister page counts 120 business days forward from today. 120 business days from today.
Lookbacks of a similar length
All measured back from the reference date October 14, 2026, with US federal holidays removed. Each value has its own page and adjusts to your local today there.
| Length of lookback | Points back to |
|---|---|
| 60 business days ago | July 20, 2026 |
| 90 business days ago | June 4, 2026 |
| 100 business days ago | May 20, 2026 |
For informational purposes only
This calculator provides general estimates based on business day counting rules. It does not constitute legal advice. Deadlines in legal, regulatory, or contractual matters may be subject to jurisdiction-specific rules, court orders, or statutory exceptions. Always verify critical deadlines with a qualified professional.