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This document is filed with the SEC pursuant to Section 16(a) of the Securities Exchange Act of 1934, detailing the changes in ownership of securities by an insider of a publicly traded company.
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FORM 4 is a document filed with the Securities and Exchange Commission (SEC) to report changes in ownership of securities by insiders of a company, such as executives and directors.
Insiders of a company, including officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities are required to file FORM 4.
FORM 4 can be filled out electronically through the SEC's EDGAR system. The form requires specific information about the security transaction, such as date of transaction, number of shares bought or sold, and the transaction price.
The purpose of FORM 4 is to provide transparency in the securities market by informing the public of changes in ownership that could influence investment decisions.
FORM 4 must report the date of the transaction, the type of transaction (buy, sell, etc.), number of shares involved, price per share, and the relationship of the reporter to the company.
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