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This document outlines beneficial ownership changes in securities for Magnetic Financial LLC related to Wheeler Real Estate Investment Trust, Inc. in 2021.
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Form 4 is a document that insiders of a publicly traded company must file with the Securities and Exchange Commission (SEC) to report their ownership and changes in ownership of the company's securities.
Individuals identified as 'insiders,' which typically includes officers, directors, and any shareholders who own more than 10% of a company's stock, are required to file Form 4.
Form 4 can be filled out electronically through the SEC's EDGAR system or by using a specified paper form. It requires details such as the insider's information, the date of the transaction, the number of shares involved, and the price paid or received.
The purpose of Form 4 is to provide transparency in the buying and selling of shares by insiders, helping to prevent insider trading and protect investors.
Form 4 must report the name of the insider, the date of the transaction, the type of transaction, the total number of securities owned following the transaction, and the price at which the securities were bought or sold.
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