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This document outlines the changes in beneficial ownership of securities, filed under Section 16(a) of the SEC Act for the year 2020.
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What is form 4?
Form 4 is a document filed with the Securities and Exchange Commission (SEC) that insiders of a publicly-traded company must submit to report changes in their ownership of the company's securities.
Who is required to file form 4?
Form 4 must be filed by corporate officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.
How to fill out form 4?
Form 4 is filled out by providing the details of the insider's transactions, including the date of the transaction, the number of shares involved, the price paid or received, and the ownership level before and after the transaction.
What is the purpose of form 4?
The purpose of Form 4 is to increase transparency in the financial markets by requiring insiders to disclose their ownership changes, which can help prevent insider trading and promote fair trading practices.
What information must be reported on form 4?
Form 4 requires reporting of information such as the insider's name, relationship to the company, date of the transaction, nature of the transaction (purchase/sale), number of shares acquired or disposed, and ownership details.
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