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This Form 4 details the report of changes in beneficial ownership of securities for Jay C. Hoax related to Electronic Arts Inc., filed under Section 16(a) of the 1934 Act.
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Form 4 is a document that must be filed by insiders of companies, such as officers, directors, and significant shareholders, to report their ownership and changes in ownership of the company's securities.
Individuals who are classified as insiders of a company, including executive officers, directors, and shareholders owning more than 10% of the company's equity securities are required to file Form 4.
To fill out Form 4, insiders must provide details about the transaction, including the date of the transaction, the nature of the ownership change, the number of securities bought or sold, and the price per security.
The purpose of Form 4 is to provide transparency in the securities market by requiring insiders to disclose their transactions in the company's securities, thereby preventing insider trading.
Form 4 must report the date of the transaction, the number of securities affected, the price per security, the nature of the transaction (purchase, sale, gift, etc.), and the ownership structure before and after the transaction.
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