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This document is used for reporting changes in beneficial ownership of securities by insider persons in accordance with the U.S. Securities and Exchange Commission regulations.
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FORM 4 is a filing required by the Securities and Exchange Commission (SEC) in the United States that must be completed by insiders of publicly traded companies. It is used to report changes in their ownership of the company's securities.
FORM 4 must be filed by individuals who are considered insiders of a company, which typically includes officers, directors, and any shareholders who own more than 10% of a company's shares.
To fill out FORM 4, insiders must provide information such as their name, relationship to the company, the date of the transaction, the number of shares acquired or disposed of, the price at which the shares were bought or sold, and the total number of shares held after the transaction.
The purpose of FORM 4 is to provide transparency in the trading activities of insiders, ensuring that investors and the public are informed about changes in ownership that might affect stock price and company valuations.
FORM 4 requires reporting information such as the insider's name, relationship to the company, transaction date, transaction type (acquisition or disposition), number of shares involved, price per share, and total shares held after the transaction.
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