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This form is used to report changes in the beneficial ownership of securities by directors, officers, and certain shareholders of the issuer.
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Form 4 is a document filed with the SEC by corporate insiders to report their trades in the company's securities.
Corporate insiders, including officers, directors, and significant shareholders, are required to file Form 4 when they buy or sell shares of their company.
To fill out Form 4, insiders must provide details about the transaction, including the date of the transaction, the amount of securities bought or sold, and the price. They must also disclose their relationship to the company.
The purpose of Form 4 is to provide transparency regarding insider trading activities, ensuring that shareholders are informed about the trading behavior of executives and significant stakeholders.
Information that must be reported on Form 4 includes the insider's name, relationship to the issuer, transaction dates, types of securities, number of shares traded, prices, and any change in ownership.
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