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This SEC Form 4 details changes in beneficial ownership as per Section 16(a) of the Securities Exchange Act, filed by Tobin Mark for LIGHTBRIDGE Corp on 01/03/2023.
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SEC Form 4 is a form used by the U.S. Securities and Exchange Commission (SEC) to report changes in the ownership of securities by insiders of a company, such as executives and directors.
Individuals who are considered insiders of a publicly traded company, including officers, directors, and 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, insiders must provide information including their name, relationship to the company, the date of the transaction, the type of security involved, the number of securities bought or sold, the price per share, and the ownership after the transaction.
The purpose of SEC Form 4 is to provide transparency regarding the buying and selling of securities by company insiders, thereby helping to prevent insider trading and ensuring that investors have access to relevant information.
SEC Form 4 must report the insider's name, relationship to the issuer, the date of the transaction, the number of shares acquired or disposed of, the price paid or received per share, and the total number of securities owned after the transaction.
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