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This form is used to report changes in beneficial ownership of securities by directors, officers, and significant shareholders of a company.
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Form 4 is a document that must be filed with the Securities and Exchange Commission (SEC) to report changes in ownership of securities by corporate insiders.
Corporate insiders, including executives, directors, and anyone who owns more than 10% of a company's stock, are required to file Form 4.
To fill out Form 4, corporate insiders must provide details such as their name, relationship to the issuer, the date of the transaction, the number of securities bought or sold, and any other relevant information.
The purpose of Form 4 is to provide transparency in the securities market by disclosing insider transactions to the public, thereby helping to prevent insider trading.
Form 4 must report the security transaction details, including the name of the security, date of the transaction, amount of securities involved, and the price at which the transaction was conducted.
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