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SEC Form 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSIONER 4Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPCheck this box if no longer subject to Section 16. Form 4 or Form 5 obligations
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Begin by collecting all the necessary information required for open market sales reporting, such as the details of the product/service being sold, the quantity, and the selling price.
02
Next, identify the reporting format or system that needs to be used for open market sales reporting. This could be a specific template provided by the authorities or a particular online platform.
03
Fill in the required fields or sections of the open market sales reporting form. Make sure to provide accurate information and double-check for any errors or discrepancies.
04
If applicable, include any supporting documentation or evidence of the sales, such as invoices or receipts.
05
Calculate the total sales amount based on the provided information and ensure it aligns with the selling price and quantity.
06
Review the completed open market sales report for accuracy and completeness.
07
Submit the report to the relevant authority or upload it to the designated online platform as per the guidelines and deadlines specified.
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Keep a copy of the submitted open market sales report for your records and future reference.

Who needs open market sales reported?

01
Open market sales reported may be required by various entities including:
02
- Businesses or individuals engaged in selling products or services in an open market
03
- Government agencies or regulatory bodies overseeing commercial activities
04
- Tax authorities to ensure proper tax compliance
05
- Financial institutions or investors for evaluation of market trends and performance
06
- Research institutions or market analysts for data analysis and forecasting
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Open market sales reported refers to the disclosure of securities transactions made by insiders or major shareholders in a public company.
Insiders, major shareholders, and others with access to material nonpublic information are required to file open market sales reported.
Open market sales reported can be filled out electronically through the SEC's EDGAR system.
The purpose of open market sales reported is to promote transparency and prevent insider trading in the securities market.
Information such as the security being sold, the date of the transaction, the number of shares sold, and the price per share must be reported on open market sales reported.
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