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SEC Form 4UNITED STATES SECURITIES AND EXCHANGE COMMISSIONER 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).OMB Number: hours
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A net exercise represents the exchange of options for shares at a predefined price.
Employees or individuals who have stock options granted to them.
To fill out a net exercise, the individual needs to specify the number of options being exercised and the desired number of shares they wish to receive.
The purpose of a net exercise is to allow individuals to exercise their stock options without having to provide cash upfront.
The number of options exercised, the strike price, the number of shares received, and any taxes owed.
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