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4 In the News With little fanfare, Texas is just weeks away from wrapping up a nearly $7 billion effort to add vast amounts of wind power to its energy grid.
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4 in form news refers to Form 4 which is a document filed with the Securities and Exchange Commission (SEC) to report insider transactions.
Officers, directors, and major shareholders of publicly traded companies are required to file Form 4 with the SEC to report any insider transactions.
Form 4 must be filled out online through the SEC's Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system. It requires information about the insider, the company, and details of the transaction.
The purpose of Form 4 is to increase transparency and accountability by disclosing insider transactions to the public. This helps prevent insider trading and provides investors with important information about the company's insiders.
Form 4 requires reporting of the insider's name, relationship to the company, transaction date, type of transaction, number of shares traded, and whether the transaction was a purchase or sale.
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