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This form is used to report changes in the beneficial ownership of securities by individuals who are subject to Section 16 of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940. It includes information about the reporting person, the issuer, and the details of the transactions involving non-derivative and derivative securities.
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Form 4 is a document used by the U.S. Securities and Exchange Commission (SEC) that must be filed by insiders of a company to report their ownership of the company's securities.
Insiders of a company, including officers, directors, and shareholders who own more than 10% of a company's stock, are required to file Form 4.
Form 4 can be filled out online through the SEC's EDGAR system or by completing a paper form. The filer must provide details about the insider's relationship to the company, the transactions being reported, and the date of the transactions.
The purpose of Form 4 is to provide transparency regarding the stock trading activities of company insiders, helping to prevent insider trading and promote fair markets.
Form 4 must report information such as the insider's name, the relationship to the company, the date of the transaction, the type of transaction (purchase, sale, etc.), and the number of securities involved.
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