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This form is used to report changes in beneficial ownership of securities by individuals who are subject to reporting under the Securities Exchange Act of 1934.
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FORM 4 is a document filed with the Securities and Exchange Commission (SEC) by corporate insiders to report their transactions in the company's securities.
FORM 4 must be filed by corporate insiders, including executive officers, directors, and beneficial owners of more than 10% of a company's equity securities.
FORM 4 can be filled out online using the SEC's EDGAR system, where filers need to provide details of the transaction, including the date, nature of the transaction, amount, and price of the securities involved.
The purpose of FORM 4 is to provide transparency and disclosure regarding the buying and selling of company stock by insiders, helping to prevent insider trading.
FORM 4 requires the reporting of information such as the insider's name, relationship to the company, date of the transaction, number of shares bought or sold, the price per share, and the ownership following the transaction.
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