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This document is filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 and provides details about changes in the beneficial ownership of securities by the reporting person.
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FORM 4 is a document that must be filed with the Securities and Exchange Commission (SEC) by officers, directors, and certain shareholders of publicly-traded companies to disclose their ownership of company securities.
FORM 4 must be filed by company insiders, including officers, directors, and shareholders who own more than 10% of a company's stock.
To fill out FORM 4, individuals must provide detailed information concerning their transactions involving the company's securities, including the date of the transaction, the number of shares bought or sold, the price per share, and their ownership before and after the reportable transaction.
The purpose of FORM 4 is to provide transparency regarding insider trading activities and to inform the public and investors about changes in the ownership of a company's securities by its insiders.
FORM 4 must report the date of the transaction, the number of securities bought or sold, the price at which the transaction occurred, the ownership before and after the transaction, and the nature of the transaction (e.g., purchase, sale, or gift).
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