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This document 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, detailing changes in beneficial ownership of securities by a reporting person. It includes information about the reporting person\'s relationship to the issuer, the date of transactions, security details, and the nature of ownership.
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Form 4 is a document that corporate insiders use to report their trades in the company's securities to the U.S. Securities and Exchange Commission (SEC).
Corporate officers, directors, and any shareholders owning more than 10% of a company’s stock are required to file Form 4.
Form 4 is filled out by providing details such as the insider's name, transaction date, the type of security, the number of shares bought or sold, and the price per share.
The purpose of Form 4 is to provide transparency regarding insider trading activities and to inform the public about the trading actions of corporate insiders.
Information that must be reported includes the insider's name, relationship to the company, transaction date, security type, number of shares traded, and price at which the transaction occurred.
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