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This document is a report filed with the SEC to disclose changes in beneficial ownership of securities by a reporting person, mandated under Section 16(a) of the Securities Exchange Act.
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FORM 4 is a document required by the Securities and Exchange Commission (SEC) for insiders of a company to report their trades and ownership of the company's securities.
FORM 4 must be filed by company insiders, including directors, executive officers, and any beneficial owners of more than 10% of a company's stock.
To fill out FORM 4, insiders must provide details about their trades, including the date of the transaction, the type of security, the amount bought or sold, and the price per share.
The purpose of FORM 4 is to promote transparency in the securities markets by ensuring that the trading activities of company insiders are disclosed to the public.
FORM 4 requires reporting of the insider's name, relationship to the company, date of the transaction, amount of securities involved, and the nature of the transaction (buy, sell, etc.).
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