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This document is a filing with the SEC that reports the changes in beneficial ownership of securities by officers, directors, and 10% shareholders of a company, as mandated by Section 16 of the Securities
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FORM 4 is a filing required by the U.S. Securities and Exchange Commission (SEC) that must be submitted by corporate insiders (officers, directors, and large shareholders) to report changes in their ownership of a company's securities.
Corporate insiders, including officers, directors, and shareholders owning more than 10% of a company's stock, are required to file FORM 4.
To fill out FORM 4, insiders must provide details such as the name of the reporting person, the relationship to the issuer, date of transaction, description of securities, amount of securities involved in the transaction, and the nature of the transaction.
The purpose of FORM 4 is to provide transparency regarding the transactions of corporate insiders, allowing investors to monitor insider trading activity and assess potential conflicts of interest.
Information that must be reported on FORM 4 includes the reporting person's name, the relationship to the issuer, the date of the transaction, the number of shares bought or sold, the price at which the transaction occurred, and the nature of the transaction (e.g., purchase, sale, gift).
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