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This form is used to report changes in beneficial ownership of securities by insiders, specifically under Section 16(a) of the Securities Exchange Act of 1934. It includes details about transactions made by directors or officers of a company, including the type of securities involved and the nature of the ownership.
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Form 4 is a report that must be filed by insiders of publicly traded companies, disclosing their transactions in the company's securities.
Insiders, including officers, directors, and beneficial owners of more than 10% of a company's equity securities, are required to file Form 4.
Form 4 can be filled out electronically using the EDGAR filing system provided by the SEC, and it requires information about the transaction type, the date of the transaction, and the amount of securities involved.
The purpose of Form 4 is to provide transparency and inform the public of insider trading activities, which helps prevent fraud and maintain market integrity.
Form 4 must report the identity of the insider, the date of the transaction, the type of security involved, the number of securities changed, the price, and the nature of the transaction.
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