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FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT
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The '1 11431 shares' refers to a specific form required by the IRS, known as Form 114, used for reporting foreign bank and financial accounts (FBAR).
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Individuals and entities with foreign bank accounts totaling over $10,000 at any point in the calendar year are required to file Form 114.
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Form 114 can be filled out electronically via the Financial Crimes Enforcement Network (FinCEN) website, providing details about the foreign accounts, including balances and account information.
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The purpose of Form 114 is to prevent tax evasion by reporting foreign financial accounts to the U.S. Treasury.
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Information required includes the maximum value of each foreign account, account numbers, and names and addresses of financial institutions.
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