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This document is used to report changes in the beneficial ownership of securities by individuals who are subject to Section 16 of the Securities Exchange Act of 1934.
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FORM 4 is a filing with the Securities and Exchange Commission (SEC) used by corporate insiders to report their transactions in the securities of their company.
Corporate insiders, including officers, directors, and beneficial owners of more than 10% of a company's securities, are required to file FORM 4.
To fill out FORM 4, individuals must provide detailed information about the transaction, including the date of the transaction, the number of shares purchased or sold, the price per share, and the nature of the ownership.
The purpose of FORM 4 is to provide transparency in the securities market by requiring corporate insiders to disclose their transactions, thereby helping to prevent insider trading.
The information that must be reported on FORM 4 includes the reporting person's name, the relationship to the company, the date of the transaction, the amount of securities involved, the transaction price, and the type of transaction.
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