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This document is a filing with the Securities and Exchange Commission (SEC) that reports changes in beneficial ownership of securities, specifically regarding stock options and other securities by a reporting owner, James Lyski, who is the Chief Marketing Officer of CarMax Inc.
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Form 4 is a filing with the U.S. Securities and Exchange Commission (SEC) that is used to report transactions in securities by insiders of a company, such as officers and directors.
Individuals who are considered insiders of a publicly-traded company, such as directors, officers, and beneficial owners of more than 10% of a class of the company's securities, are required to file Form 4.
To fill out Form 4, insiders must provide detailed information about their transactions, including the date of the transaction, the type of security involved, the number of shares bought or sold, and the price per share, among other details.
The purpose of Form 4 is to ensure transparency and disclose insider trading activities, thereby protecting investors and maintaining market integrity.
Form 4 must report the date of the transaction, the number of shares bought or sold, the price of the transaction, the security involved, and the nature of the ownership (direct or indirect).
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