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This form is used to report changes in beneficial ownership of securities by reporting persons under Section 16 of the Securities Exchange Act of 1934.
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FORM 4 is a form that must be filed by insiders of a company to report their transactions in the company's securities.
Insiders of a company, which includes officers, directors, and owners of more than 10% of the company's shares, are required to file FORM 4.
FORM 4 should be filled out by providing details of the transaction, including the name of the company, the insider's name, the nature of the transaction, the date of the transaction, and the number of securities involved.
The purpose of FORM 4 is to promote transparency and allow investors to be aware of stock transactions made by insiders, which may indicate their confidence or lack thereof in the company's future.
FORM 4 must report the insider's name, relationship to the company, date of the transaction, the amount of securities bought or sold, the price per share, and any other relevant details of the transaction.
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