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This form is used to report changes in the beneficial ownership of securities by insiders, such as directors or officers, as required by the Securities Exchange Act of 1934 and the Investment Company Act of 1940. The document provides details of transactions involving the acquisition or disposal of securities, including dates, amounts, and the nature of ownership.
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Form 4 is a filing required by the U.S. Securities and Exchange Commission (SEC) for insiders of publicly traded companies to report their ownership of the company's securities and any changes in ownership.
Form 4 must be filed by individuals who are considered insiders of a company, which includes officers, directors, and any beneficial owners of more than 10% of a company's stock.
To fill out Form 4, you must provide details about the insider's relation to the company, the date of the transaction, the amount of securities involved, the price per security, and the nature of the ownership change.
The purpose of Form 4 is to provide transparency to the public regarding the trading activities of company insiders, thereby allowing investors to make informed decisions based on the financial activities of these insiders.
Form 4 requires reporting of the insider's name, relationship to the company, date of the transaction, security type, number of shares acquired or disposed of, price at which the transaction occurred, and the resulting ownership percentage.
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