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This document is filed to report changes in beneficial ownership of securities under Section 16 of the Securities Exchange Act of 1934.
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FORM 4 is a filing required by the U.S. Securities and Exchange Commission (SEC) for company insiders to report their transactions in the company's securities.
Individuals who are classified as insiders, such as executive officers, directors, or shareholders owning more than 10% of a company's stock, are required to file FORM 4.
FORM 4 is filled out by providing details such as the insider's name, relationship to the company, the date of the transaction, the security involved, the number of shares bought or sold, and the price at which the transaction occurred.
The purpose of FORM 4 is to provide transparency and inform the public about the trading activities of insiders, which can help prevent insider trading and promote fair trading practices.
FORM 4 must report information such as the insider's name, stock symbol, transaction date, transaction type (buy/sell), number of shares involved, price per share, and the ownership status after the transaction.
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