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This form is used to report changes in beneficial ownership of securities by individuals who are required to file under Section 16(a) of the Securities Exchange Act of 1934.
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FORM 4 is a document required by the Securities and Exchange Commission (SEC) for reporting changes in an insider's ownership of a company's securities.
Corporate officers, directors, and beneficial owners of more than 10% of a company's stock are required to file FORM 4.
To fill out FORM 4, insiders must provide information about their transactions in the company's securities, including details like the date of transaction, number of shares bought or sold, the price, and their existing ownership.
The purpose of FORM 4 is to promote transparency and prevent insider trading by ensuring that changes in ownership by insiders are reported to the public.
FORM 4 must report the insider's name, relationship to the company, transaction date, number of securities involved, transaction type (purchase or sale), and the price at which the transaction occurred.
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