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This form is used to report changes in beneficial ownership of securities as required by Section 16(a) of the Securities Exchange Act of 1934.
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FORM 4 is a filing required by the Securities and Exchange Commission (SEC) for reporting the purchase or sale of securities by an insider of a publicly traded company.
Insiders of publicly traded companies, including executives, directors, and shareholders who own more than 10% of the company's shares, are required to file FORM 4.
FORM 4 must be filled out by providing details such as the insider's name, title, the date of the transaction, the number of shares bought or sold, the price per share, and information about the ownership change.
The purpose of FORM 4 is to provide transparency in the trading activities of company insiders, allowing investors to monitor insider transactions and potential impacts on stock prices.
On FORM 4, insiders must report their name, relationship to the company, date of the transaction, type of transaction (e.g., purchase or sale), number of securities involved, price per share, and any changes in ownership.
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