Get the free Statement of Changes in Beneficial Ownership of Securities

This document is used to report changes in beneficial ownership of securities by directors, officers, and beneficial owners of more than 10% of the issuer's equity securities.

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How to fill out Statement of Changes in Beneficial Ownership of Securities

1. Begin by obtaining the correct form for the Statement of Changes in Beneficial Ownership of Securities.
2. Identify the filer, which is the individual or entity who owns the securities.
3. Fill in the name of the issuer of the securities.
4. Provide your relationship to the issuer (e.g., officer, director, or beneficial owner).
5. Indicate the date of the change in ownership.
6. List the securities involved, including the type of securities (e.g., common stock, options), class, and number of shares.
7. Specify whether the transaction was a purchase or sale, or if it was a transfer or gift.
8. Include any joint ownership details, if applicable.
9. Sign and date the form to attest to the accuracy of the information.
10. Submit the completed form to the appropriate regulatory authority, ensuring it is filed within the required timeframe.

Who needs Statement of Changes in Beneficial Ownership of Securities?

1. Individuals who are beneficial owners of a company's securities, including executive officers, directors, and significant shareholders.
2. Certain institutional investors who hold securities on behalf of their clients.
3. Companies that must report changes in beneficial ownership to comply with regulations.

People Also Ask about

What happens if I don't file a Beneficial Ownership information report?

Failure to file may become extremely costly, with civil penalties starting at $500 per day and criminal penalties of up to $10,000 and/or two years in prison.

What is the statement of changes in beneficial ownership of securities?

Form 3 is a document that a company insider or major shareholder must file with the SEC. The information provided on the form is meant to disclose the holdings of directors, officers, and beneficial owners of registered companies and becomes public record.

What is a statement of beneficial ownership?

Form 3 – Initial Statement of Beneficial Ownership of Securities. Form 3 must be filed within 10 days of any individual or entity first becoming an insider. Form 3 includes the details of any equity securities of the public company that the insider beneficially owns at the time of becoming an insider.

What is an example of Beneficial Ownership?

A beneficial owner is someone who owns at least part of a property or other asset, even if its legal title is owned by someone else. That person can also vote on or otherwise influence decisions regarding transactions involving that asset or property. An example is a corporate shareholder.

Who fills out the Beneficial Ownership form?

Certain types of corporations, limited liability companies, and other similar entities created in or registered to do business in the United States must report information about their beneficial owners — the persons who ultimately own or control the company — to FinCEN as of Jan. 1, 2024.

What is a Beneficial Ownership statement?

Beneficial ownership information refers to identifying information about the individuals who directly or indirectly own or control a company. [Issued March 24, 2023]

For pdfFiller’s FAQs

What is Statement of Changes in Beneficial Ownership of Securities?

The Statement of Changes in Beneficial Ownership of Securities is a form used to report changes in the ownership of securities and is required under the rules of the Securities and Exchange Commission (SEC). It provides important information about the buying and selling activities of insiders in a company.

Who is required to file Statement of Changes in Beneficial Ownership of Securities?

Individuals who are classified as insiders, such as officers, directors, or shareholders owning more than 10% of a company's equity securities, are required to file a Statement of Changes in Beneficial Ownership of Securities.

How to fill out Statement of Changes in Beneficial Ownership of Securities?

To fill out the Statement of Changes in Beneficial Ownership, the filer must provide details such as the name of the reporting person, relationship to the issuer, the date of the transaction, the class of securities involved, the amount of securities acquired or disposed, and the price per share, among other required information.

What is the purpose of Statement of Changes in Beneficial Ownership of Securities?

The purpose of the Statement of Changes in Beneficial Ownership of Securities is to enhance transparency in the securities markets by allowing investors to see changes in ownership by insiders, thus helping to prevent insider trading and providing valuable information for making informed investment decisions.

What information must be reported on Statement of Changes in Beneficial Ownership of Securities?

The Statement must report information including the name of the reporting person, the relationship to the issuer, the transaction date, the security issuance, the amount of securities acquired or disposed, the price paid, and details about any related transactions, including options and other derivative instruments.