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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549FORM 3INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES OMB APPROVAL OMB 3235Number: 0104 Estimated average burden hours
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The exercise form is a document used to declare the intention to purchase or sell a certain number of shares at a specific price within a specified timeframe.
Individuals who hold stock options or other derivative securities may be required to file an exercise form.
To fill out an exercise form, one must specify the number of shares to be bought or sold, the exercise price, and the expiration date of the option.
The purpose of the exercise form is to formalize the intent to exercise an option or derivative security.
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