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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 becomes exercisable when the terms specified in the option agreement are met, typically a specified period of time has passed or certain performance goals have been achieved.
The individual or entity that holds the option, typically the option holder or grantor, is required to file when the option becomes exercisable.
To fill out this option, you need to follow the guidelines provided in the option agreement and include details such as the option grant date, exercise date, and the number of shares being exercised.
The purpose of this option is to provide the option holder the right to purchase company stock at a predetermined price, incentivizing them to contribute to the company's success.
Information that must be reported includes the date the option becomes exercisable, the number of shares, the exercise price, and the identity of the option holder.
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