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This document is a filing required by the U.S. Securities and Exchange Commission that reports changes in beneficial ownership of securities by insiders of the company.
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FORM 4 is a disclosure form required by the U.S. Securities and Exchange Commission (SEC) for reporting changes in ownership of securities by insiders of a company, such as executives and directors.
Individuals who are considered insiders of a publicly traded company, such as officers, directors, and greater-than-10% shareholders, are required to file FORM 4 whenever they buy or sell shares of the company.
FORM 4 can be filled out by providing details such as the reporting person's name, the relationship to the company, the date of the transaction, the number of shares bought or sold, the price of the transaction, and additional information regarding the type of ownership.
The purpose of FORM 4 is to promote transparency and inform the public about the trading activities of company insiders, helping to prevent insider trading and ensure that all investors have access to material information.
Information that must be reported on FORM 4 includes the insider's name, position, transaction date, number of securities involved, transaction type (purchase/sale), price per share, and a description of the transaction, including the class of securities.
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