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This form is used to report changes in the beneficial ownership of securities by reporting persons, as required by the Securities Exchange Act of 1934.
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Form 4 is a document required by the Securities and Exchange Commission (SEC) that must be filed by company insiders, such as executives and directors, to report their transactions involving the company's securities.
Individuals who are classified as insiders, including officers, directors, and beneficial owners of more than 10% of a company's stock, are required to file Form 4.
Form 4 must be filled out by providing information such as the person's name, title, relationship to the company, the date of the transaction, the amount of securities bought or sold, and the price at which the transaction occurred.
The purpose of Form 4 is to promote transparency in the securities market by informing investors about the trading activities of insiders, thereby allowing them to assess potential conflicts of interest.
Form 4 requires reporting the name and relationship of the insider, transaction date, the type of security involved, the number of shares or units involved, the price per share, and any changes in ownership.
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