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This document is used to report changes in beneficial ownership of securities by insiders of the issuer, required under Section 16 of the Securities Exchange Act of 1934.
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FORM 4 is a U.S. Securities and Exchange Commission (SEC) form used by insiders of publicly traded companies to report their trades in the company's stock and other securities.
FORM 4 must be filed by company insiders, which typically include executive officers, directors, and other individuals who have access to material information about the company.
To fill out FORM 4, one needs to provide details such as the insider's name, relationship to the company, the date of the transaction, securities involved, the amount of securities acquired or disposed, and the price at which the transaction occurred.
The purpose of FORM 4 is to provide transparency in the trading activities of insiders, helping to prevent insider trading and allowing investors to assess the confidence of company executives in the company's future performance.
FORM 4 must report the insider's name, their relationship to the company, the date of the transaction, type of transaction (purchase or sale), number of securities involved, transaction price, and any changes in ownership.
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