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This SEC Form 4 details changes in beneficial ownership as filed by Nile Therapeutics, Inc. in 2009, reporting securities transactions made by Daron Evans.
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SEC Form 4 is a document required by the Securities and Exchange Commission (SEC) to report changes in the ownership of a company's stock by its insiders, including executive officers, directors, and beneficial owners.
Insiders of a company, including executive officers, directors, and beneficial owners who own more than 10% of a company's shares, are required to file SEC Form 4 whenever they buy or sell shares of the company's stock.
To fill out SEC Form 4, insiders must provide specific information including their name, relationship to the company, the date of the transaction, the number of shares bought or sold, the price per share, and the nature of the transaction (i.e., direct or indirect ownership).
The purpose of SEC Form 4 is to provide transparency about insider trading activities, allowing investors to see when company insiders buy or sell shares, thereby helping to ensure compliance with securities laws.
Information that must be reported on SEC Form 4 includes the insider's name and title, the relationship to the company, transaction dates, the number of shares, price, and whether the transaction involved direct or indirect ownership.
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