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This document is a filing to report changes in beneficial ownership of securities by a reporting person, as required by the Securities Exchange Act of 1934.
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FORM 4 is a document that corporate insiders, including officers, directors, and significant shareholders, are required to file with the Securities and Exchange Commission (SEC) to disclose their ownership of company securities, including stocks and derivatives.
Individuals who are considered corporate insiders, such as officers, directors, and large shareholders (generally owning more than 10% of a company's stock), are required to file FORM 4.
To fill out FORM 4, insiders must provide details such as their relationship to the company, the number of securities involved in the transaction, the transaction's date, and the price per share. The form must be submitted electronically to the SEC.
The purpose of FORM 4 is to inform the public about the trading activities of corporate insiders, ensuring transparency and promoting investor confidence by revealing their financial interests in the company.
FORM 4 must report information including the insider's name, relationship to the company, date of transaction, number of securities acquired or disposed of, the price at which the transaction occurred, and any pre-arranged trading plans if applicable.
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