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This form is used to report changes in beneficial ownership of securities by insiders of a company, filed pursuant to Section 16(a) of the Securities Exchange Act of 1934. It includes details about the reporting person, the issuer, transactions, and ownership details.
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Form 4 is a document required by the Securities and Exchange Commission (SEC) that must be filed by insiders of a publicly traded company to report their trades in the company's stock or securities.
Insiders, including officers, directors, and beneficial owners of more than 10% of the company's securities, are required to file Form 4.
To fill out Form 4, insiders must provide details about their transactions, including the date of the transaction, the number of shares bought or sold, the price, and their relationship to the company.
The purpose of Form 4 is to promote transparency in the securities market by requiring insiders to disclose their trades, thereby providing important information to investors.
The information that must be reported on Form 4 includes the insider's name, relationship to the company, the date of the transaction, the number of shares bought or sold, the price per share, and any conditions of the transaction.
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