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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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The exercise and sale refers to the process of exercising stock options and selling the shares.
Employees who have exercised stock options and sold the resulting shares are required to file the exercise and sale.
The exercise and sale is typically reported on tax forms such as Form 1099 and Schedule D.
The purpose of the exercise and sale is to report any gains or income generated from exercising stock options.
Information such as the date of exercise, number of shares exercised, exercise price, sale price, and any resulting gains must be reported.
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