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This document is a filing made by a reporting person to disclose changes in their beneficial ownership of securities, in compliance with Section 16(a) of the Securities Exchange Act of 1934. It includes information about the reporting owner, issuer, transaction details, and the nature of the ownership changes. The transaction reported involves the sale of Class A Common Stock to cover tax liabilities following the vesting of restricted stock units.
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Form 4 is a regulatory document used by the U.S. Securities and Exchange Commission (SEC) for reporting changes in the ownership of securities by insiders of a company.
Persons defined as insiders, which typically includes directors, officers, and beneficial owners of more than 10% of a registered class of a company's equity securities, are required to file Form 4.
To fill out Form 4, you must provide information such as the name of the reporting person, the relationship to the issuer, the date of the transaction, the amount of securities involved, and the transaction details, as well as signing and dating the form.
The purpose of Form 4 is to ensure transparency in the securities market by requiring insiders to disclose their trades and changes in ownership, thereby giving investors more information for making informed decisions.
Form 4 must report the name of the insider, the date of the transaction, the nature of the ownership, the type of securities, the amount of securities acquired or disposed of, and the price at which the transaction occurred.
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