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This form is filed to report changes in the beneficial ownership of securities by reporting persons as required by the Securities Exchange Act of 1934.
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Form 4 is a document used by insiders of publicly traded companies to report their ownership of and transactions in the company's securities to the Securities and Exchange Commission (SEC).
Form 4 must be filed by company insiders, which typically include executive officers, directors, and any shareholders who own more than 10% of a company's stock.
To fill out Form 4, insiders must provide information including their relationship to the company, details about the securities transaction, the date of the transaction, the amount of securities involved, and the price at which the transaction occurred.
The purpose of Form 4 is to provide transparency in trading activities by company insiders, helping to protect investors by disclosing potential conflicts of interest and providing insight into insider trading patterns.
Form 4 requires reporting of the insider's name, position, transaction date, nature of the transaction (buy/sell), number of shares involved, and the price per share, along with details of any equity securities involved.
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