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This Form 4 details changes in beneficial ownership of securities for Yusuf Kareem, a director at Reside Technologies, Inc., filed on June 10, 2022.
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Form 4 is a document required by the Securities and Exchange Commission (SEC) for reporting changes in ownership of securities by insiders, such as executives and directors of a company.
Individuals who are classified as insiders, such as corporate officers, directors, and certain shareholders, are required to file Form 4 when they buy or sell securities.
Form 4 can be filled out online through the SEC's EDGAR filing system or by using paper forms. It requires details about the insider's transactions, including the date of the transaction, the security involved, and the nature of the transaction.
The purpose of Form 4 is to provide transparency and inform the public about the buying and selling activities of corporate insiders, thereby helping to prevent insider trading.
Form 4 must report the insider's name, relationship to the company, date of the transaction, number of shares bought or sold, price per share, and the nature of the ownership (direct or indirect).
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