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This document is used to report changes in beneficial ownership of a reporting person's securities as required by the Securities Exchange Act of 1934.
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Form 4 is a mandatory filing with the Securities and Exchange Commission (SEC) that must be completed by insiders of securities, including officers, directors, and beneficial owners of more than 10% of a company's stock.
Insiders of a company, including its officers, directors, and any beneficial owners of more than 10% of the company's stock, are required to file Form 4.
Form 4 must be filled out electronically through the SEC's EDGAR system. The filer must provide details about the transaction involving shares of the company, including the date of the transaction, the number of shares, the price, and the ownership nature.
The purpose of Form 4 is to provide transparency regarding insider trading and to ensure that legal disclosures are made following specific transactions in a company's stock.
Form 4 must report details such as the insider's name, relationship to the company, transaction date, transaction type, number of shares bought or sold, price per share, and the nature of ownership (direct or indirect).
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