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This document is used for reporting changes in beneficial ownership of securities by reporting persons, pursuant to specific sections of the Securities Exchange Act.
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FORM 4 is a document required by the SEC that must be filed by insiders of a company to report their transactions in the company's securities.
Individuals considered insiders, such as 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 must provide information including their relationship to the company, the transaction date, the type of security involved, the number of shares and the price, and any other relevant details about the transaction.
The purpose of FORM 4 is to provide transparency in the securities markets by disclosing insider trading activities to the public, allowing investors to make informed decisions.
FORM 4 must report information such as the insider's name, relationship to the company, transaction date, type of security, number of shares involved, price at which the shares were bought or sold, and any changes in ownership.
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