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This form is used to report changes in the beneficial ownership of securities by corporate insiders, such as officers and directors, in accordance with Section 16(a) of the Securities Exchange Act of 1934. It captures details about transactions involving acquisition or disposition of securities and the reporting person\'s relation to the issuer.
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Form 4 is a document required by the Securities and Exchange Commission (SEC) for reporting the purchase or sale of securities by company insiders, including officers, directors, and certain shareholders.
Company insiders, including executive officers, directors, and shareholders owning more than 10% of the company's securities, are required to file Form 4.
Form 4 is filled out by providing personal information, details of the transaction including type of security, transaction date, number of shares involved, and any changes in ownership. It can be completed online through the SEC's EDGAR system.
The purpose of Form 4 is to provide transparency and inform the public about the trading activities of company insiders to prevent insider trading and promote fair trading practices.
Form 4 requires reporting of the insider's name, relationship to the company, transaction date, security type, number of shares bought or sold, price per share, and ownership changes.
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