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SEC Form 4FORM 4OMB APPROVALUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549OMB Number:STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPCheck this box if no longer subject to Section
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A net exercise represents a method of exercising stock options in which the employee exercises the options without putting up any cash at the time of exercise.
Employees who have been granted stock options are required to file a net exercise.
To fill out a net exercise, the employee must indicate the number of options to be exercised and submit the necessary paperwork to the company's HR department.
The purpose of a net exercise is to allow employees to exercise their stock options without having to come up with cash upfront.
The number of options exercised, the strike price, and the number of shares received must be reported on a net exercise.
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