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This form is filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 to report changes in beneficial ownership of securities by insiders of the company.
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Form 4 is a specific regulatory form used for reporting the ownership and transactions of securities by corporate insiders, such as officers, directors, and significant shareholders.
Corporate insiders, including officers, directors, and beneficial owners of more than 10% of a company's stock, 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 amount of securities involved, and the nature of the ownership.
The purpose of Form 4 is to promote transparency by requiring insiders to disclose their buying or selling of company stock and ensure that investors have access to this information.
Form 4 must report the date of the transaction, the nature of the transaction (buy, sell, etc.), the number of shares involved, the price at which the transaction occurred, and the ownership type.
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