I believe you are correct. Out of curiosity I called my broker, Schwab, and the day you purchase the stock is the day you are the registered owner. The 3 day settlement period is the timeline you have in order to deposit cash or trade a different security to cover the cost of your stock purchase. It does not change the date of which you became a registered owner of the purchased stock. At least this is what the guy manning the 800 # told me. Not trying to act like I know what I am talking about…because I don’t…was just curious since I saw all the posts so I called. Hope this helps. GLTA