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This document reports the changes in beneficial ownership of securities by the reporting person, an SEC requirement for transparency in transactions.
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Form 4 is a document used by insiders of publicly traded companies to report their ownership changes and transactions in the company's securities.
Insiders such as directors, officers, and beneficial owners of more than 10% of a company's equity securities are required to file Form 4.
To fill out Form 4, insiders must provide their name, relationship to the issuer, details of the security involved, transaction date, number of shares bought or sold, and the price per share.
The purpose of Form 4 is to provide transparency in the trading activities of corporate insiders and to inform the investing public of such transactions.
Form 4 must report the insider's name, relationship to the company, details of the transaction (date, number of shares, price), and ownership after the transaction.
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