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This document is used to report changes in 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 document that must be filed with the Securities and Exchange Commission (SEC) in the United States by corporate insiders to report their trades in the company's stock.
Corporate insiders, including officers, directors, and shareholders owning more than 10% of a company's stock, are required to file FORM 4.
FORM 4 can be filled out online via the SEC's EDGAR system. It requires the insider to provide information about their transactions, including the date of the transaction, the number of shares bought or sold, and the price at which the transaction occurred.
The purpose of FORM 4 is to provide transparency and keep the public informed about the buying and selling of a company's stock by its insiders, thereby helping to prevent insider trading.
FORM 4 must report the insider's name, relationship to the company, the date of the transaction, number of shares traded, the price per share, and any related transactions.
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