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This document is used for reporting changes in beneficial ownership of securities by individuals affiliated with the issuer, including officers, directors, and significant shareholders.
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Form 4 is a document required by the Securities and Exchange Commission (SEC) for reporting changes in the ownership of securities by corporate insiders, including executive officers, directors, and significant shareholders.
Individuals who are considered insiders of a publicly traded company, such as executive officers, directors, and any shareholders owning more than 10% of a company's stock, are required to file Form 4.
To fill out Form 4, insiders must provide information including their name, address, relationship to the company, date of the transaction, the amount of securities bought or sold, and the transaction price. The form must be filed electronically through the SEC's EDGAR system.
The purpose of Form 4 is to promote transparency in the securities market by requiring corporate insiders to disclose their transactions in the company's stock, thereby informing investors about insider trading activities.
Form 4 must report the insider's name and title, the type of security involved, the date of the transaction, the nature of the transaction (buy/sell), the number of shares involved, and the price at which the transaction occurred.
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