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This SEC Form 4 details changes in beneficial ownership, including stock transactions by Scott Kim, Director and CEO of Vestis Corp, filed in December 2023.
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SEC 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 corporate officers, directors, and beneficial owners.
Corporate officers, directors, and any beneficial owners of more than 10% of a company's equity securities are required to file SEC Form 4.
To fill out SEC Form 4, one must provide the name of the filer, the relationship to the company, the date of the transaction, the type of security involved, the number of shares bought or sold, and the price per share. Additionally, the total amount of securities held after the transaction must be reported.
The purpose of SEC Form 4 is to ensure transparency and provide the public with timely information regarding changes in the ownership of securities by insiders, which helps in monitoring potential conflicts of interest and insider trading.
SEC Form 4 must report the name of the reporting person, relationship to the issuer, date of transaction, amounts of securities involved, and the price of the transaction. It also requires disclosure of the total holdings of the reporting person after the transaction.
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