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FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).OMB
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KeyEnergyGCS webcom SEC filings Section 16 refers to the reporting requirements for certain insiders of publicly traded companies to disclose their transactions in the company's equity securities.
Individuals classified as officers, directors, and 10% shareholders of a company are required to file under Section 16.
Filing involves providing details of the transaction, including the date, nature of the transaction, amount of securities involved, and the price at which the transaction occurred.
The purpose is to provide transparency to the market regarding the trading activity of company insiders to prevent insider trading and to promote fair trading.
The reported information must include the name of the insider, date of the transaction, type of transaction (buy/sell), number of shares, and price per share.
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