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This SEC Form 3 details the initial statement of beneficial ownership of securities by David R. Kline, as required under Section 16(a) of the Securities Exchange Act of 1934.
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SEC Form 3 is a filing required by the Securities and Exchange Commission (SEC) that must be submitted by individuals who are acquiring beneficial ownership of securities in a publicly traded company.
Individuals who are considered insiders of a company, such as officers, directors, and 10% shareholders, are required to file SEC Form 3 when they initialy acquire beneficial ownership of the company's securities.
To fill out SEC Form 3, filers must provide details including their name, the name of the company, the date of the transaction, the number of shares owned, and the type of ownership (direct or indirect).
The purpose of SEC Form 3 is to provide transparency and notify the SEC and the public about the initial ownership position of company insiders.
SEC Form 3 must report the filer's name, relationship to the company, the amount and nature of the securities beneficially owned, and the date of the transaction.
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