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This SEC Form 4 details the changes in beneficial ownership for securities, filed on May 14, 2024, by reporting persons under Section 16 of the Securities Exchange Act.
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SEC Form 4 is a form that must be filed with the Securities and Exchange Commission (SEC) to report changes in ownership of securities by insiders of a company.
SEC Form 4 must be filed by corporate insiders, which typically include officers, directors, and beneficial owners of more than 10% of a company's equity securities.
To fill out SEC Form 4, insiders must provide specific details about the transaction, including the date of the transaction, the amount of securities bought or sold, the price per share, and their relationship to the issuer.
The purpose of SEC Form 4 is to ensure transparency in the trading activities of corporate insiders, helping to prevent insider trading and promote fair market practices.
The information that must be reported on SEC Form 4 includes the insider's name, relationship to the company, transaction dates, transaction code, number of shares bought or sold, and the price per share.
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