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This SEC Form 4 outlines beneficial ownership changes in Block, Inc. for Whiteley Sivan, detailing transactions and ownership as of April 1, 2022.
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Form 4 is a document used by companies to report beneficial ownership changes of their securities to the Securities and Exchange Commission (SEC), typically related to insiders.
Individuals who are considered insiders of a company, including officers, directors, and significant shareholders (usually those owning more than 10% of a company's shares), are required to file Form 4.
To fill out Form 4, insiders must provide details such as the name of the person filing, the relationship to the issuer, the date of the transaction, the amount of securities involved, and any changes in ownership. The form must be submitted electronically through the SEC's EDGAR system.
The purpose of Form 4 is to provide transparency to investors and the public regarding insider trading activity and to ensure compliance with securities laws.
Form 4 must report the name of the insider, their relationship to the company, the date of the transaction, the type of transaction, the amount of securities bought or sold, and the price at which the transaction occurred.
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