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SEC Form 4UNITED STATES SECURITIES AND EXCHANGE COMMISSIONER 4Washington, D.C. 20549Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).32350287Estimated
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Shares subject to restricted are typically needed by individuals or entities who want to invest in a company but have specific limitations or conditions attached to their ownership.
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Shares subject to restricted typically refers to company shares that are restricted from being sold or transferred for a certain period of time.
The owner of the restricted shares or the company issuing the shares may be required to file shares subject to restricted.
Shares subject to restricted are typically reported on a Form 4 with the SEC or through the company's internal reporting process.
The purpose of shares subject to restricted is to ensure that certain shareholders do not quickly sell off their holdings, which could impact the company's stock price.
Information such as the number of restricted shares, the date they were acquired, and the reason for the restriction may need to be reported on shares subject to restricted.
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