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This document is used to report changes in the beneficial ownership of securities, specifically as required by the Securities Exchange Act of 1934.
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Form 4 is a document that must be filed with the Securities and Exchange Commission (SEC) by corporate insiders to report changes in their ownership of their company's stock.
Corporate insiders, including officers, directors, and any beneficial owners of more than 10% of a registered class of a company's equity securities, are required to file Form 4.
To fill out Form 4, insiders must provide details about the transaction, including the date of the transaction, the number of shares involved, the price per share, and specify whether the transaction was a purchase, sale, or other type of transaction.
The purpose of Form 4 is to provide transparency and to inform the public about changes in the ownership of securities by insiders, thereby helping to prevent insider trading and promote market integrity.
Form 4 requires reporting details such as the insider's name and title, the relationship to the company, the date of the transaction, the transaction code, the number of shares involved, price per share, and the total amount of the transaction.
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