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This document is a statement filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, detailing changes in beneficial ownership of securities by the reporting person.
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FORM 4 is a document that must be filed with the Securities and Exchange Commission (SEC) by corporate insiders, such as executive officers, directors, and beneficial owners of more than 10% of a company's equity securities, to report changes in their ownership of the company's stock.
Corporate insiders, including executive officers, directors, and beneficial owners of more than 10% of a company's equity securities, are required to file FORM 4.
To fill out FORM 4, insiders need to provide their name, address, relationship to the issuer, information about the securities, and details of the transaction, including the date, number of securities, and price.
The purpose of FORM 4 is to ensure transparency in the stock trading activities of corporate insiders, thereby helping to prevent insider trading and promoting market integrity.
The information that must be reported on FORM 4 includes the name of the insider, their relationship to the company, details of the transaction such as date, number of shares bought or sold, price per share, and the type of security involved.
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