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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. 20549STATEMENT
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How to fill out rule 10b5-1c transaction indication

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How to fill out rule 10b5-1c transaction indication

01
Obtain a pre-established written trading plan that follows the guidelines of rule 10b5-1(c)
02
Ensure that the plan is entered into in good faith and not as part of a plan or scheme to evade the insider trading laws
03
Have the plan approved by the issuer's compliance officer or a designated representative before any transactions are made
04
Adhere to the terms and conditions outlined in the plan, including the specific dates, prices, and amounts for transactions
05
File Form 144 indicating the sale of securities under rule 10b5-1(c) with the Securities and Exchange Commission

Who needs rule 10b5-1c transaction indication?

01
Corporate insiders or executives who possess material nonpublic information and want to make transactions in their company's stock in compliance with insider trading regulations
02
Investors or shareholders who want to establish a trading plan that automatically executes transactions at specified times or prices without the need for ongoing input or decision-making

What is Rule 10b5-1(c) Transaction Indication Form?

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Rule 10b5-1(c) relates to a safe harbor provision allowing companies and insiders to establish pre-defined trading plans for buying and selling securities, which helps ensure compliance with insider trading laws.
Insiders, including executive officers, directors, and certain shareholders of publicly traded companies who conduct transactions under a 10b5-1 plan are required to file rule 10b5-1c transaction indications.
To fill out a rule 10b5-1c transaction indication, insiders must provide details such as their name, title, the type of security, transaction amounts, dates, and any other specific information required by the SEC.
The purpose of rule 10b5-1c transaction indication is to protect individuals from liability for insider trading by allowing them to execute trades based on a pre-established plan without regard to inside information.
Information that must be reported includes the individual's name, relationship to the company, details of the trading plan, types of securities involved, transaction dates, and amounts of securities traded.
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