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This form is used to report the initial statement of beneficial ownership of securities, required by Section 16(a) of the Securities Exchange Act of 1934. It includes details about the reporting person, the issuer, and the securities involved.
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What is form 3?
Form 3 is a regulatory form used by companies to report to the relevant government authority regarding the initial ownership of securities.
Who is required to file form 3?
Individuals who are considered insiders of a company, such as officers, directors, and beneficial owners of more than 10% of a class of equity security, are required to file Form 3.
How to fill out form 3?
To fill out Form 3, one must provide information such as the name, address, and relationship to the company, along with details of the securities owned, including the number of shares and the nature of the ownership.
What is the purpose of form 3?
The purpose of Form 3 is to inform the public and regulatory authorities about the ownership of securities by insiders, ensuring transparency and preventing insider trading.
What information must be reported on form 3?
Form 3 requires reporting of the insider's name, title, the amount and class of securities owned, the acquisition date, and the nature of ownership, such as direct or indirect ownership.
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