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Official SEC Form 4 detailing changes in beneficial ownership for Lachlan K. Murdoch, News Corp. Filed on 04/01/2019.
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Form 4 is a document that must be filed with the Securities and Exchange Commission (SEC) to report changes in the ownership of securities by insiders, such as executive officers, directors, and beneficial owners of more than 10% of a registered class of equity security.
Anyone who is considered an insider, including executive officers, directors, and beneficial owners of more than 10% of a registered class of equity securities, is required to file Form 4.
To fill out Form 4, insiders must provide accurate information regarding securities transactions, including the date of the transaction, the amount of securities bought or sold, the price per share, and the nature of the ownership (e.g., direct or indirect ownership).
The purpose of Form 4 is to provide transparent information to the public about the trading activities of corporate insiders and to help prevent insider trading by requiring timely disclosures.
Form 4 must report the insider's name, relationship to the issuer, the transaction date, type of transaction (purchase or sale), number of securities involved, price, and the ownership nature (direct or indirect).
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