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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:32350287Estimated
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This option refers to a financial option that allows the holder to exercise their right to buy or sell an underlying asset at a specified price within a designated time period.
Typically, the option holder or the issuer of the option is required to file the necessary paperwork when the option becomes exercisable.
Filling out the option becomes exercisable involves completing the appropriate forms provided by the regulatory authority, ensuring that all required data such as option type, exercise price, and personal or business information is accurately provided.
The purpose of filing when an option becomes exercisable is to formally document the exercise of the option and ensure compliance with applicable regulations and reporting requirements.
Information that must be reported includes the type of option, exercise date, number of options exercised, and details about the underlying asset.
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