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This form is used to report changes in beneficial ownership of securities by reporting persons, as required under Section 16 of the Securities Exchange Act of 1934.
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Form 4 is a document required by the Securities and Exchange Commission (SEC) for insiders of publicly traded companies to report their ownership and transactions in the company's securities.
Individuals who are classified as insiders, including company directors, officers, and shareholders who own more than 10% of a company's stock, are required to file Form 4.
Form 4 can be filled out electronically or on paper. It requires insiders to provide details such as their name, relationship to the company, transaction date, number of shares changes, and the price at which the shares were bought or sold.
The purpose of Form 4 is to provide transparency and inform the public about insider transactions to prevent potential conflicts of interest and promote fair trading.
Form 4 must report information including the insider's name, their position within the company, the date of the transaction, the amount of securities bought or sold, the price, and the ownership after the transaction.
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