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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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The option granted refers to a financial instrument that gives an individual the right, but not the obligation, to buy or sell a stock at a predetermined price within a specified time frame.
Typically, employees, executives, or directors who receive stock options as part of their compensation package are required to file regarding these options.
To fill out the option grant document, one must provide personal information, details about the options awarded (such as the number of shares, grant date, and exercise price), and any tax-related information.
The purpose of the option grant is to incentivize employees by aligning their interests with those of the company and its shareholders, encouraging them to contribute to the company's growth and success.
Information that needs to be reported includes the number of options granted, exercise price, vesting schedule, expiration date, and the fair market value of the underlying stock at the time of the grant.
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