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This SEC Form 4 details the changes in beneficial ownership for Nile Therapeutics, Inc. by Are Belldegrun, filed in 2009.
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SEC Form 4 is a document that must be filed with the Securities and Exchange Commission by insiders of a publicly traded company to report changes in their ownership of the company's securities.
Insiders of publicly traded companies, including officers, directors, and beneficial owners of more than 10% of a class of the company's equity securities, are required to file SEC Form 4.
To fill out SEC Form 4, an insider must provide their name, the name of the issuer, the relationship to the issuer, details of the transaction (including the date and amount of securities involved), and indicate the nature of the ownership after the transaction.
The purpose of SEC Form 4 is to provide transparency regarding the trading activities of insiders, helping to prevent insider trading and allowing investors to monitor ownership changes.
SEC Form 4 requires the reporting of the insider's name, their relationship to the company, the date of the transaction, the capacity in which the insider is acting (direct ownership, indirect ownership), and the nature of the transaction.
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