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INSIDER TRADING POLICY AND PROCEDURES INSIDER ACKNOWLEDGEMENT AND AGREEMENT ___ OVERVIEW As a result of highly publicized insider trading scandals, Congress passed first the Insider Trading Sanctions
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The Form Stock Act is a regulatory form required by the Securities and Exchange Commission (SEC) to report transactions involving the purchase or sale of stock by corporate insiders.
Corporate insiders, including executive officers, directors, and large shareholders (typically those owning more than 10% of a company's stock), are required to file the Form Stock Act.
To fill out the Form Stock Act, insiders must provide detailed information regarding their stock transactions, including the name of the company, transaction dates, number of shares bought or sold, price per share, and their relationship to the company.
The purpose of the Form Stock Act is to promote transparency and prevent insider trading by ensuring that the SEC and the public are informed of insider trading activities.
Information that must be reported includes the name and title of the insider, transaction dates, type of transaction (buy/sell), number of shares involved, and the price at which the shares were traded.
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