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This document is used to report changes in the beneficial ownership of securities by specified individuals under federal securities laws.
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Form 4 is a document required by the Securities and Exchange Commission (SEC) for insiders of a publicly traded company to report their transactions in the company's securities.
Insiders of a company, which includes officers, directors, and beneficial owners of more than 10% of a class of the company's equity securities, are required to file Form 4.
Form 4 requires the filer to provide information such as the transaction date, the number of securities involved, the price per security, and the nature of the ownership. The form must be filed electronically with the SEC.
The purpose of Form 4 is to provide transparency into the trading activities of company insiders, helping to ensure compliance with federal securities laws and to inform investors about potential insider trading.
Form 4 must report the insider's name, relationship to the company, the date of the transaction, the type of transaction (purchase or sale), the number of shares transacted, the price per share, and the amount of securities owned afterward.
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