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This form is filed to report changes in the beneficial ownership of securities by individuals who are subject to Section 16 of the Securities Exchange Act of 1934.
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Form 4 is a filing required by the U.S. Securities and Exchange Commission (SEC) that must be submitted whenever an insider of a publicly traded company buys or sells shares of the company's stock.
Officers, directors, and any beneficial owners of more than 10% of a registered class of the company's equity securities are required to file Form 4.
Form 4 must be filled out with information such as the name of the company, the insider's name and title, the transaction date, the nature of the transaction (purchase or sale), number of shares involved, and the price at which the transaction occurred.
The purpose of Form 4 is to provide transparency regarding the buying and selling activities of company insiders, ensuring that the public and investors have access to information that may affect stock prices.
Form 4 must report the insider's name, position, transaction date, nature of the transaction, number of shares bought or sold, the price of the transaction, and any changes in the ownership of securities.
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