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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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Section 16 form 4 is a filing required by the U.S. Securities and Exchange Commission (SEC) for officers, directors, and certain shareholders of publicly traded companies to report changes in their ownership of the company's securities.
Individuals who are classified as 'insiders,' which includes officers, directors, and beneficial owners of greater than 10% of a registered class of equity securities are required to file section 16 form 4.
To fill out section 16 form 4, insiders must provide details including their name, title, relationship to the issuer, transaction date, number of shares acquired or disposed, nature of ownership, and price per share.
The purpose of section 16 form 4 is to provide transparency in the trading activities of company insiders, helping to prevent insider trading and allowing investors to monitor insider transactions.
Section 16 form 4 must report the insider's name, title, transaction date, type of transaction (purchase or sale), amount of securities involved, and the ownership nature (direct or indirect).
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