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This form is used to report changes in the beneficial ownership of securities 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 insiders of publicly traded companies to report changes in their ownership of the company's securities.
Officers, directors, and beneficial owners of more than 10% of a registered class of equity securities of a company are required to file Form 4.
Form 4 must be filled out by providing information such as the name of the insider, the relationship to the company, details of the transaction, and the amount of securities owned following the transaction. It can be filed electronically through the SEC's EDGAR system.
The purpose of Form 4 is to ensure transparency in the trading activities of corporate insiders and to provide the public with timely disclosure of changes in their ownership of the company's securities.
Information that must be reported on Form 4 includes the name of the insider, their relationship to the company, the date of the transaction, the nature of the ownership (direct or indirect), and details of the securities involved in the transaction.
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