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This document is used to report changes in beneficial ownership of securities under Section 16 of the Securities Exchange Act of 1934.
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FORM 4 is a document that must be filed with the Securities and Exchange Commission (SEC) by directors, officers, and beneficial owners of more than 10% of a registered class of equity securities to report their ownership and changes in ownership in the company's securities.
Directors, officers of the company, and beneficial owners of more than 10% of a registered class of equity securities are required to file FORM 4.
FORM 4 can be filled out electronically through the SEC's EDGAR system, providing details such as the name of the reporting person, relationship to the issuer, the date of transaction, the amount of securities held before and after the transaction, and the nature of the ownership.
The purpose of FORM 4 is to provide transparency and inform the public about the buying and selling of securities by insiders, helping to prevent insider trading and maintain market integrity.
FORM 4 must report the name of the reporting person, their relationship to the issuer, the date of transaction, the amount of securities owned both before and after the transaction, price per share, and the nature of ownership (direct or indirect).
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