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This form is used to report changes in the beneficial ownership of securities, filed pursuant to Section 16(a) of the Securities Exchange Act of 1934. It contains information about the reporting person, issuer details, and specific transactions involving securities.
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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 insiders of a company. It must be filed by the individuals who are considered insiders, which includes executives, directors, and other key employees.
Individuals who are deemed insiders of a company, such as officers, directors, and beneficial owners of more than 10% of a company's registered class of equity securities, are required to file Form 4.
Form 4 can be filled out electronically through the SEC's EDGAR system. The form requires information on the insider's transactions in the company's securities, including the date of the transaction, the amount of securities bought or sold, the price, and the ownership type.
The purpose of Form 4 is to provide transparency regarding insider trading and to inform the public about the trading activities of company insiders, which can impact the company's stock price and investor decisions.
Form 4 must report the date of the transaction, the nature of the ownership (direct or indirect), the number of shares, the price at which the transaction occurred, and the insider's relationship to the company.
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