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This document is used to report changes in the beneficial ownership of securities by a reporting person as mandated by the Securities Exchange Act.
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FORM 4 is a document used by insiders of a company to report their trades of the company's securities to the Securities and Exchange Commission (SEC).
Insiders, which include directors, officers, and beneficial owners of more than 10% of a company's equity securities, are required to file FORM 4.
FORM 4 is filled out by providing the details of the transaction, including the date of the transaction, the amount of securities bought or sold, the price, and any changes in ownership.
The purpose of FORM 4 is to provide transparency in the trading activities of company insiders, helping to prevent insider trading and ensuring compliance with securities laws.
Information that must be reported on FORM 4 includes the name of the insider, the relationship to the company, the date of the transaction, number of shares involved, price per share, and the nature of the ownership.
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