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This document is used to report changes in beneficial ownership of securities by directors, officers, and owners of more than 10% of a company's stock, as required under Section 16 of the Securities
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Form 4 is a document required by the Securities and Exchange Commission (SEC) for reporting changes in the ownership of equity securities by company insiders, such as executives and directors.
Individuals who are classified as insiders of a publicly traded company, 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, insiders must provide details about the transaction, including the name of the company, the insider's name, the date of the transaction, the nature of the ownership, and the number of shares involved. The form should be filed electronically through the SEC's EDGAR system.
The purpose of Form 4 is to provide transparency in the securities markets by disclosing insider trading activities, allowing investors to make informed decisions based on knowledge of insider transactions.
Form 4 must report information including the insider's name and relationship to the company, the date of the transaction, the nature of ownership (e.g., direct or indirect), the transaction date, transaction code, and the number of shares bought or sold.
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