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This form is used to report changes in beneficial ownership of securities by certain individuals as required under Section 16(a) of the Securities Exchange Act of 1934. The document includes details regarding transactions made by reporting persons, such as the acquisition or disposal of non-derivative and derivative securities.
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Form 4 is a document used by certain insiders of publicly traded companies to report their ownership and transactions involving shares and derivative securities.
Insiders of a company, including officers, directors, and any beneficial owners of more than 10% of a class of the company’s equity securities, are required to file Form 4.
To fill out Form 4, insiders must provide information such as their relationship to the company, the number of shares owned, details of any transactions, and provide the necessary signatures. Instructions are available on the SEC's website.
The purpose of Form 4 is to provide transparency regarding the trading activities of insiders, helping to prevent insider trading and to inform investors about significant ownership changes.
Form 4 must report the insider's name, their relationship to the issuer, transaction dates, number of shares involved, the price at which securities were bought or sold, and nature of the transaction.
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