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This document is filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, detailing changes in beneficial ownership of securities by reporting persons.
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Form 4 is a document that must be filed with the Securities and Exchange Commission (SEC) by corporate insiders to report their transactions in their company's securities.
Corporate insiders, which include 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 detailed information about the transaction including the date of the transaction, the number of shares bought or sold, the price per share, and the type of transaction (buy or sell).
The purpose of Form 4 is to provide transparency in the trading activities of corporate insiders to help prevent insider trading and to keep investors informed.
Form 4 must report information such as the insider's name, their relationship to the company, the date of the transaction, the amount of securities involved, the price at which the securities were transacted, and the nature of the transaction.
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