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This form is a statement required under Section 16(a) of the Securities Exchange Act of 1934, reporting changes in beneficial ownership of securities by corporate insiders. It includes details about the reporting person, issuer, securities transacted, and provides explanations regarding the transactions.
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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 such as officers, directors, and beneficial owners of more than 10% of a company's equity securities are required to file Form 4.
Form 4 is filled out by providing the individual's name, the relationship to the company, the transaction date, the number of shares bought or sold, and the price per share, along with any necessary signatures.
The purpose of Form 4 is to provide transparency and to keep the public informed about ownership changes among a company's insiders to prevent insider trading.
The information that must be reported on Form 4 includes the insider's name, relationship to the company, transaction date, number of shares bought or sold, and the price of the transaction, along with the original reporting person's details.
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