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This document is filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 to disclose changes in beneficial ownership of securities by directors, officers, and owners of more than 10%
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Gather required information: Collect personal details such as name, address, date of birth, and tax identification number.
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Form 4 is a document that must be filed with the Securities and Exchange Commission (SEC) by officers, directors, and certain shareholders of a company to report their ownership of securities and any changes in that ownership.
Form 4 must be filed by company insiders, which generally include officers, directors, and significant shareholders owning more than 10% of a company's stock.
To fill out Form 4, you must provide your name, title, and relationship to the company, details of the securities owned, the date of the transaction, and the nature of the transaction. The form should be filed electronically through the SEC's EDGAR system.
The purpose of Form 4 is to provide transparency to the market by disclosing insider transactions in a company's securities, helping to prevent stock manipulation and ensuring that investors have access to relevant information.
Form 4 requires reporting information such as the insider's name, their position in the company, the number of shares owned before and after the transaction, the nature of the transaction (e.g., sale, purchase), and the date of the transaction.
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