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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549FORM 3INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES OMB APPROVAL OMB Number: 32350104 Estimated average burden hours
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Section 16 reporting refers to the requirement for certain insiders of publicly traded companies to report their ownership of, and transactions in, the company's securities to the Securities and Exchange Commission (SEC).
Officers, directors, and beneficial owners of more than 10% of a company's equity securities are required to file Section 16 reports.
To fill out Section 16 reporting forms, insiders must provide details including their name, title, relationship to the company, date of the transaction, security type, amount of securities involved, and the price at which the transaction occurred.
The purpose of Section 16 reporting is to provide transparency regarding the trading activities of company insiders, helping to prevent insider trading and ensuring fair access to information for all investors.
Reported information includes the name and position of the insider, details of the transaction (including date, type, amount, and price), as well as any changes in ownership.
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