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This form is used to report changes in the beneficial ownership of securities by insiders, pursuant to Section 16(a) of the Securities Exchange Act of 1934.
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FORM 4 is a document filed with the Securities and Exchange Commission (SEC) to report changes in ownership of securities by corporate insiders.
Corporate insiders, including 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, an insider needs to provide details such as the date of the transaction, the amount of securities acquired or disposed, the price, and the ownership form (direct or indirect).
The purpose of FORM 4 is to provide transparency in the trading activities of corporate insiders and to inform investors of changes in insiders' ownership positions.
FORM 4 must report the date of the transaction, the amount of securities bought or sold, the price per security, the nature of the ownership, and any other relevant information concerning the transaction.
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