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This form is used to report changes in beneficial ownership of securities by reporting persons, pursuant to Section 16(a) of the Securities Exchange Act of 1934, and includes details about transactions
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FORM 4 is a document that must be filed with the Securities and Exchange Commission (SEC) to report changes in ownership of securities by insiders of a company, such as executives and board members.
Those required to file FORM 4 include company officers, directors, and beneficial owners of more than 10% of a class of the company’s securities.
FORM 4 must be completed by providing specific details such as the insider’s name, relationship to the company, the date of the transaction, the number of securities involved, the price paid or received, and the type of ownership (direct or indirect).
The purpose of FORM 4 is to provide transparency and ensure that shareholders and the public are informed about the stock trading activities of corporate insiders, thereby promoting fairness in the securities markets.
FORM 4 must report information including the insider’s name, title, date of the transaction, the amount of securities acquired or disposed of, the price at which the transaction occurred, and the nature of ownership (such as direct or indirect).
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