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This SEC Form 4 reports changes in beneficial ownership of securities, aiding in transparency for security transactions in 2024.
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Form 4 is a document filed with the Securities and Exchange Commission (SEC) by company insiders to report their transactions in the company's securities.
Company insiders, including executives, directors, and any shareholders owning more than 10% of the company’s stock, are required to file Form 4.
Form 4 can be filled out electronically through the EDGAR database on the SEC's website, providing details of the transactions such as the date of the transaction, the amount of securities bought or sold, and the price.
The purpose of Form 4 is to provide transparency regarding the trading activities of insiders, helping investors gauge the confidence of those with inside knowledge in the company.
Form 4 requires the reporting of information such as the insider's name, relationship to the company, the transaction date, the number of shares transacted, the price per share, and the nature of the transaction (e.g., purchase or sale).
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