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This document is a reporting form for changes in beneficial ownership of securities, filed by individuals who are subject to 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 a company to report their transactions in the company's securities.
Individuals classified as insiders, such as company executives, directors, and beneficial owners of more than 10% of a company's shares, are required to file FORM 4.
FORM 4 can be filled out electronically through the SEC's EDGAR system, where insiders report details of the transaction including the date, amount of securities bought or sold, and the price of the transaction.
The purpose of FORM 4 is to provide transparency in the trading activities of company insiders, helping to protect investors by disclosing potential conflicts of interest and insider trading.
FORM 4 requires insiders to report information such as their relationship to the company, the date of the transaction, the nature of the transaction (purchase or sale), the amount of securities involved, and the price at which the transaction occurred.
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