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This document is a statement filed by a reporting person detailing changes in their beneficial ownership of securities, required under Section 16(a) of the Securities Exchange Act of 1934.
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FORM 4 is a SEC (Securities and Exchange Commission) document that must be filed by company insiders, including executive officers, directors, and beneficial owners of more than 10% of a class of the company's equity securities, to report their ownership and changes in ownership of the company's securities.
Individuals required to file FORM 4 include company executives, directors, and any beneficial owners of more than 10% of the company's stock.
To fill out FORM 4, the filer must provide details about their ownership of securities, including the number of securities owned, the number bought or sold, the transaction date, and any applicable dollar amounts. The form must be submitted electronically through the SEC's EDGAR system.
The purpose of FORM 4 is to provide transparency to investors and the public regarding the trading activities of company insiders and to ensure compliance with federal securities laws.
FORM 4 must report the insider's name, relationship to the company, details of the transaction (including date, price, number of securities), the nature of the ownership (direct or indirect), and any changes in the ownership structure.
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