Regime volatile·Trajectory slowing·Latest approval Oct 16, 2026·4,333 approvals observed

The Lab

Studies from the queue

Field notes from watching the ATF’s NFA approval queue with instruments. Each study is one plain-English finding backed by a chart computed live from community-reported approvals. Together they cover 2026 from start to finish: how the queue split after the $0 stamp, how it drained in July and August, and how it runs today. Numbers move as new approvals are reported, and this is observed community data, not official ATF records.

Study 01The Trajectory Field

One chart holds the whole year: the queue split apart under the surge, and has been closing back up since July.

Form 4 · IndividualForm 4 · TrustForm 1 · IndividualForm 1 · Trust· solid = Individual, ring = Trust
still mostly waiting →0d30d60d90dFebMarAprMayJunJulAugSepOctAprMayJunJulAugSepOctFiling date →Approval date →

Each dot is one approval. Dotted diagonals mark constant waits — every dot on the 60d line waited exactly 60 days. Showing the 2,500 most recent of 3,998 approvals.

Method. Every reported e-file approval from roughly the last 10 months, plotted by filing date against approval date and colored by lane. Diagonal guides mark constant waits.

Reading it honestly. The shaded strip on the right holds the most recent filings. Most are still waiting, so only their fastest approvals appear yet — the empty space there is pending, not fast.

Study 02The Four Lanes

It isn't one line. It's four, and the gaps between them open and close.

Right now all four lanes run within a day of each other, at 2 to 3 days. At the widest, in Jul 2026, it was 75 days.

Form 4 · Individual
3days
Slowest month: 12 days (Jan 2026)
42 approvals · IQR 1–5
p90 7d
slowest 12d · Jan 2026
Timer · 98% near median
Form 4 · Trust
2days
Slowest month: 31 days (Jul 2026)
25 approvals · IQR 1–4
p90 6d
slowest 31d · Jul 2026
Timer · 96% near median
Form 1 · Individual
3days
Slowest month: 69 days (Jun 2026)
29 approvals · IQR 1–5
p90 6d
slowest 69d · Jun 2026
Timer · 100% near median
Form 1 · Trust
3days
Slowest month: 83 days (Jul 2026)
22 approvals · IQR 2–5
p90 7d
slowest 83d · Jul 2026
Timer · 100% near median
0d30d60d90d

shared wait-days axis · same scale across all four lanes · dashed tick = the lane’s slowest month

Method. last 30 days · e-file only, the same window as every headline wait on this site. Each dot is one approval on a shared wait-days axis; the shaded band is the middle 50%, the heavy tick is the median, and the dashed tick is the lane's slowest complete month, for scale. Lanes below 15 approvals are held back.

Study 09Business Days

The wait now runs on business days. Count those, and the day of the week you file stops mattering.

Individual filings cleared in a median of 2 business days, and 98% within five. Filed on a Monday, the median wait was 2 calendar days; filed on a Friday, 4. Trust filings took a median of 2 business days on Form 4 and 2 on Form 1.

2business days
median wait
68%
cleared within 2 business days
98%
cleared within 5 business days
2d
2d
2d
2d
4d
3d
too few
Mon
2 bus.
n=10
Tue
2 bus.
n=16
Wed
2 bus.
n=20
Thu
1 bus.
n=12
Fri
2 bus.
n=14
Sat
2 bus.
n=15
Sun
—
n=3
median business daysrest of the median calendar waitDay of the week the filing was placed, bottom row

Method. individual e-file filings placed 45 to 14 days ago, both forms (2026-09-02 to 2026-10-03), by the day of the week the filing was placed. Business days are Monday to Friday; federal holidays are not removed, so a holiday week reads a day slower. Weekdays with fewer than 10 filings are held back.

Reading it honestly. The window stops two weeks short of today on purpose. The newest filings have only had time to show their fastest approvals, and counting them would make the queue look quicker than it is.

Study 03Form 1's Round Trip

Form 1 spent five months getting slower, then gave most of it back in two.

Form 1 · IndividualForm 1 · TrustForm 4 · IndividualForm 4 · Trust· solid = Individual, ring = Trust
03570105Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26$0 NFA tax stamp takes effectJanuary 2026 — Under H.R. 1, the federal making and transfer tax on covered NFA items dropped to $0, removing the cost barrier to filing.F4 Trust · Jan 2026: median 14d (IQR 10–16, 92 approvals)F4 Trust · Feb 2026: median 27d (IQR 23–30, 216 approvals)F4 Trust · Mar 2026: median 27d (IQR 19–33, 143 approvals)F4 Trust · Apr 2026: median 26d (IQR 20–32, 107 approvals)F4 Trust · May 2026: median 28d (IQR 20–36, 103 approvals)F4 Trust · Jun 2026: median 29d (IQR 20–34, 58 approvals)F4 Trust · Jul 2026: median 31d (IQR 27–38, 90 approvals)F4 Trust · Aug 2026: median 19d (IQR 9–29, 119 approvals)F4 Trust · Sep 2026: median 3d (IQR 2–5, 32 approvals)F4 Individual · Jan 2026: median 12d (IQR 9–13, 164 approvals)F4 Individual · Feb 2026: median 9d (IQR 5–14, 243 approvals)F4 Individual · Mar 2026: median 5d (IQR 3–7, 107 approvals)F4 Individual · Apr 2026: median 6d (IQR 4–8, 124 approvals)F4 Individual · May 2026: median 6d (IQR 4–10, 126 approvals)F4 Individual · Jun 2026: median 6d (IQR 3–8, 126 approvals)F4 Individual · Jul 2026: median 8d (IQR 4–13, 144 approvals)F4 Individual · Aug 2026: median 4d (IQR 2–5, 97 approvals)F4 Individual · Sep 2026: median 3d (IQR 2–5, 56 approvals)F1 Individual · Jan 2026: median 14d (IQR 12–22, 113 approvals)F1 Individual · Feb 2026: median 35d (IQR 27–41, 131 approvals)F1 Individual · Mar 2026: median 52d (IQR 48–54, 106 approvals)F1 Individual · Apr 2026: median 61d (IQR 57–63, 127 approvals)F1 Individual · May 2026: median 64d (IQR 62–68, 130 approvals)F1 Individual · Jun 2026: median 69d (IQR 47–72, 91 approvals)F1 Individual · Jul 2026: median 48d (IQR 32–74, 245 approvals)F1 Individual · Aug 2026: median 5d (IQR 3–10, 192 approvals)F1 Individual · Sep 2026: median 3d (IQR 2–5, 42 approvals)F1 Trust · Jan 2026: median 14d (IQR 9–23, 62 approvals)F1 Trust · Feb 2026: median 41d (IQR 33–44, 56 approvals)F1 Trust · Mar 2026: median 52d (IQR 48–55, 81 approvals)F1 Trust · Apr 2026: median 61d (IQR 56–66, 49 approvals)F1 Trust · May 2026: median 66d (IQR 63–69, 71 approvals)F1 Trust · Jun 2026: median 75d (IQR 72–78, 93 approvals)F1 Trust · Jul 2026: median 83d (IQR 64–86, 75 approvals)F1 Trust · Aug 2026: median 30d (IQR 10–63, 107 approvals)F1 Trust · Sep 2026: median 3d (IQR 2–4, 24 approvals)Approval month →
Form 1 · Individual

The Form 1 · Individual median climbed to 69 days by Jun 2026 and has since come down to 3 in Sep 2026.

Form 1 · Trust

The Form 1 · Trust median climbed to 83 days by Jul 2026 and has since come down to 3 in Sep 2026.

Method. median wait by approval month · ≥8 approvals/month · e-file only. A monthly rate is quoted only for a lane moving in a straight line; a lane that changed direction gets its two legs described instead.

Reading it honestly. This is the approval-month view — what the ATF cleared each month, the output side of the pipe. It is distinct from the filing-cohort curves in Study 06.

Study 08What the Queue Is Working

The backlog is gone. Every lane now clears filings from the last few weeks, not the last few months.

Filed MayFiled JunFiled JulFiled AugFiled SepFiled Oct
0255075100Jul 2685%Aug 296%Aug 997%Aug 16100%Aug 23100%Aug 30100%Sep 6100%Sep 13100%Sep 20100%Sep 27100%Oct 4100%Week the ATF cleared the filing · % = share filed within the previous 30 days

Tap or hover a week to see which filing months it cleared.

Method. last 11 complete approval weeks · e-file only. Each bar is one complete approval week, stacked by the month the filing was placed, oldest filing month at the bottom. The figure under each week is the share of its approvals filed within the previous 30 days.

Reading it honestly. The in-progress week is dropped entirely. The most recent complete week is still filling as reports arrive, so its bar will grow.

Study 06Cohort Yield Curves

Each filing month cleared later than the one before it, until April. Every month since has cleared faster.

0%25%50%75%100%0d30d60d90d120dJan 2026: 348 approvals, median 35dFeb 2026: 114 approvals, median 62dMar 2026: 158 approvals, median 65dApr 2026: 99 approvals, median 77dMay 2026: 88 approvals, median 57dJun 2026: 101 approvals, median 36dJul 2026: 117 approvals, median 14dAug 2026: 113 approvals, median 3dSep 2026: 39 approvals, median 2dDays since filing →
Jan 2026(348 · 35d)Feb 2026(114 · 62d)Mar 2026(158 · 65d)Apr 2026(99 · 77d)May 2026(88 · 57d)Jun 2026(101 · 36d)Jul 2026(117 · 14d)Aug 2026(113 · 3d)Sep 2026(39 · 2d)

Method. Each line is one filing-month cohort — the share of its reported approvals cleared by day X. The figure beside each month in the legend is its median wait. Cohorts need at least 25 approvals to appear.

Reading it honestly. Solid lines are finished cohorts: the queue is now clearing filings placed on or after 2026-10-05, and because it works in filing order, a month that ended before that date has few approvals left to come. Dashed lines are still being worked and can only shift right as slower approvals land.

Study 05The Approval Clock

Form 1 used to be approved seven days a week. Since June it keeps weekday hours, like Form 4.

Weekend share of approvals, by month

even seven-day week, 29%
Jan '26
38%
Feb '26
26%
Mar '26
28%
Apr '26
34%
May '26
21%
Jun '26
8%
Jul '26
13%
Aug '26
14%
Sep '26
9%
Form 1 (share printed under each month)Form 4complete months only · all reported approvals

Share of approvals by weekday

Mon
Tue
Wed
Thu
Fri
Sat
Sun
Form 4
9%
25%
17%
23%
16%
4%
5%
Form 1
11%
34%
22%
19%
9%
4%
1%

last 60 days · all reported approvals. Saturday and Sunday columns are dashed.

Daily reported approvals

MonWedFriSunJun 29: 10 approvalsJun 30: 4 approvalsJul 1: 8 approvalsJul 2: 15 approvalsJul 3: 5 approvalsJul 4: 6 approvalsJul 5: 7 approvalsJul 6: 9 approvalsJul 7: 13 approvalsJul 8: 11 approvalsJul 9: 21 approvalsJul 10: 12 approvalsJul 11: 3 approvalsJul 12: 8 approvalsJul 13: 9 approvalsJul 14: 27 approvalsJul 15: 53 approvalsJul 16: 24 approvalsJul 17: 22 approvalsJul 18: 18 approvalsJul 19: 15 approvalsJul 20: 22 approvalsJul 21: 28 approvalsJul 22: 38 approvalsJul 23: 29 approvalsJul 24: 26 approvalsJul 25: 5 approvalsJul 26: 14 approvalsJul 27: 18 approvalsJul 28: 17 approvalsJul 29: 16 approvalsJul 30: 27 approvalsJul 31: 28 approvalsAug 1: 15 approvalsAug 2: 11 approvalsAug 3: 31 approvalsAug 4: 20 approvalsAug 5: 43 approvalsAug 6: 38 approvalsAug 7: 16 approvalsAug 8: 8 approvalsAug 9: 10 approvalsAug 10: 13 approvalsAug 11: 26 approvalsAug 12: 16 approvalsAug 13: 32 approvalsAug 14: 8 approvalsAug 15: 6 approvalsAug 16: 11 approvalsAug 17: 23 approvalsAug 18: 32 approvalsAug 19: 14 approvalsAug 20: 26 approvalsAug 21: 10 approvalsAug 22: 5 approvalsAug 23: 6 approvalsAug 24: 12 approvalsAug 25: 25 approvalsAug 26: 18 approvalsAug 27: 10 approvalsAug 28: 8 approvalsAug 29: 2 approvalsAug 30: 5 approvalsAug 31: 15 approvalsSep 1: 15 approvalsSep 2: 8 approvalsSep 3: 6 approvalsSep 4: 6 approvalsSep 5: 3 approvalsSep 6: 0 approvalsSep 7: 0 approvalsSep 8: 8 approvalsSep 9: 8 approvalsSep 10: 12 approvalsSep 11: 6 approvalsSep 12: 2 approvalsSep 13: 0 approvalsSep 14: 1 approvalSep 15: 9 approvalsSep 16: 8 approvalsSep 17: 1 approvalSep 18: 6 approvalsSep 19: 4 approvalsSep 20: 0 approvalsSep 21: 3 approvalsSep 22: 5 approvalsSep 23: 7 approvalsSep 24: 13 approvalsSep 25: 4 approvalsSep 26: 0 approvalsSep 27: 1 approvalSep 28: 5 approvalsSep 29: 7 approvalsSep 30: 6 approvalsOct 1: 7 approvalsOct 2: 6 approvalsOct 3: 0 approvalsOct 4: 0 approvalsOct 5: 4 approvalsOct 6: 9 approvalsOct 7: 2 approvalsOct 8: 3 approvalsOct 9: 4 approvalsOct 10: 0 approvalsOct 11: 0 approvalsOct 12: 0 approvalsOct 13: 6 approvalsOct 14: 6 approvalsOct 15: 7 approvalsOct 16: 2 approvalsOct 17: 0 approvals
FewerMore

Method. Monthly bars: the share of each complete month's reported approvals that landed on a Saturday or Sunday. Weekday grid: the last 60 days only, so it shows the current rhythm. Reporting is community-sourced, so a batch of reports can smear activity across a few days.

Study 04The Order of the Queue

The line is fair: whoever filed first is approved first, almost without exception.

F4 Individual
1.1%
line-jumps
160,645 pairs compared
F4 Trust
2.7%
line-jumps
87,391 pairs compared
F1 Individual
3.2%
line-jumps
257,631 pairs compared
F1 Trust
3.5%
line-jumps
70,830 pairs compared

The queue is almost perfectly first-in, first-out. Among filings placed at least 14 days apart, the later filer almost never gets approved first — jumping the line essentially doesn’t happen.

Method. last 180 days · e-file only. For each lane we compare every pair of approvals filed at least 14 days apart and count how often the later filer was approved first. Lanes with fewer than 50 comparable pairs are held back.

Study 07Geography Is a Myth

Your state doesn't change your wait.

0d10d20d30dAZ: median 4d (IQR 3–6, 29 approvals)AZMO: median 4d (IQR 2–7, 17 approvals)MOPA: median 4d (IQR 2–8, 41 approvals)PAWA: median 4d (IQR 2–7, 22 approvals)WACO: median 5d (IQR 1–7, 23 approvals)COMI: median 5d (IQR 3–7, 19 approvals)MINV: median 5d (IQR 2–7, 21 approvals)NVOH: median 5d (IQR 4–8, 32 approvals)OHVA: median 5d (IQR 3–8, 45 approvals)VAFL: median 6d (IQR 2–8, 42 approvals)FLGA: median 6d (IQR 3–10, 34 approvals)GANC: median 6d (IQR 4–8, 21 approvals)NCTX: median 6d (IQR 4–10, 76 approvals)TX

Every state with enough reported approvals lands in a tight cluster — just 2 days separate the fastest and slowest state medians. NFA processing is federal; the state-to-state differences here are noise, not policy.

Method. Form 4 · Individual · e-file · last 180 days · states with ≥15 approvals. Each dot is a state median; the whisker is its middle 50%. The dashed line is the overall median across states.

The Lab · Studies may change without notice · NFA wait times this month → · Glossary →