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This document serves as a statement filed by an individual disclosing changes in their beneficial ownership of securities, as required by the Securities Exchange Act of 1934.
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FORM 4 is a document used by directors, officers, and beneficial owners of a company to report changes in their ownership of the company's securities.
Individuals who are directors, officers, or beneficial owners of more than 10% of a company’s stock are required to file FORM 4.
FORM 4 should be filled out by providing details about the security changes, the date of the transaction, the amount of securities involved, and the nature of the ownership. It must be filed with the SEC electronically.
The purpose of FORM 4 is to provide transparency in securities transactions conducted by corporate insiders, helping investors to make informed decisions.
The information that must be reported on FORM 4 includes the name of the individual filing, the title of the security, the number of shares bought or sold, the price per share, the date of the transaction, and the relationship of the insider to the company.
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