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This document is used to report changes in the beneficial ownership of securities by insiders of a company, as required under 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 insiders of publicly traded companies to report their transactions in the company's securities.
Individuals who are classified as insiders, such as officers, directors, and significant shareholders (those owning more than 10% of a class of securities) of a company are required to file Form 4.
To fill out Form 4, insiders must provide information including their name, title, the relationship to the company, the date of the transaction, the number of shares traded, the price per share, and the ownership level after the transaction.
The purpose of Form 4 is to ensure transparency and provide the public with information regarding the buying and selling of securities by insiders, helping to prevent insider trading and promote fair market practices.
Form 4 requires reporting of the insider's name, relationship to the company, the date of the transaction, the number of securities bought or sold, the price at which the transaction occurred, and the number of securities held after the transaction.
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