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This form is filed with the SEC to report changes in beneficial ownership of securities, as required under Section 16(a) of the Securities Exchange Act of 1934.
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Form 4 is a document used by insiders of a publicly traded company to report changes in their ownership of the company's securities.
Insiders of a company, including officers, directors, and beneficial owners of more than 10% of a company's stock, are required to file Form 4.
To fill out Form 4, insiders must provide details such as the name of the reporting person, relationship to the company, transaction date, amount, price, and the type of security involved.
The purpose of Form 4 is to provide transparency in the trading activities of insiders, helping to prevent insider trading and to keep investors informed.
Form 4 must report the name of the reporting person, their relationship to the company, the date of the transaction, the number of shares bought or sold, the price per share, and the type of transaction.
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