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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:(First)2.
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Form 4 - Dave is a specific reporting form used by companies to disclose insider trading activities, including transactions by corporate insiders such as executives and directors.
Individuals who are considered insiders, such as corporate officers, directors, and certain shareholders, are required to file Form 4 - Dave whenever they engage in a transaction involving their company's securities.
To fill out Form 4 - Dave, insiders must provide detailed information about the transaction, including the date of the transaction, the type of security involved, the amount purchased or sold, and their ownership status after the transaction.
The purpose of Form 4 - Dave is to promote transparency in the securities markets by requiring insiders to report their trades, which helps prevent insider trading and provides investors with information about insider activities.
Form 4 - Dave requires reporting of the date of the transaction, the type and amount of securities involved, the nature of the transaction (purchase or sale), the price, and any changes to the insider's beneficial ownership.
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