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This document is a statement filed to report changes in beneficial ownership of securities, pursuant to the Securities Exchange Act of 1934 and other related acts.
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FORM 4 is a document required by the U.S. Securities and Exchange Commission (SEC) that must be filed by insiders of publicly traded companies to report their trades in the company's securities.
FORM 4 must be filed by corporate officers, directors, and beneficial owners of more than 10% of a class of the company's equity securities.
To fill out FORM 4, one must provide personal details such as name and address, the relationship to the company, the date of the transaction, the number of shares bought or sold, the price per share, and the nature of the transaction.
The purpose of FORM 4 is to promote transparency in the trading activities of company insiders and to help investors understand insider transactions that may affect stock prices.
The information that must be reported on FORM 4 includes the name of the reporting person, the relationship to the issuer, the date of the transaction, the type of security, the number of shares traded, the price at which the transaction occurred, and the ownership after the transaction.
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