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This document reports changes in beneficial ownership of securities by the reporting person as required by Section 16 of the Securities Exchange Act of 1934.
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Form 4 is a document required by the Securities and Exchange Commission (SEC) for reporting changes in ownership of securities by insiders of a company, such as officers, directors, and certain shareholders.
Insiders of a publicly traded company, which includes executive officers, directors, and shareholders who own more than 10% of a class of the company's equity securities, are required to file Form 4.
Form 4 must be completed by providing information on the insider's relationship to the company, the transaction date, the number of shares bought or sold, the price per share, and any other relevant details. The form must be submitted electronically via the SEC's EDGAR system.
The primary purpose of Form 4 is to provide transparency in the trading activities of company insiders, ensuring that the public is informed about changes in their ownership interests and potential impacts on the company's stock.
Form 4 requires reporting the name of the reporting person, their relationship to the issuer, transaction date, number of shares traded, the price per share, the type of transaction (purchase or sale), and the ownership after the transaction.
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