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This form is used by reporting persons to disclose their changes in beneficial ownership of securities in accordance with Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940.
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Form 4 is a document used by insiders of publicly traded companies to report changes in their ownership of the company's securities.
Individuals defined as insiders, such as corporate officers, directors, and large shareholders who own more than 10% of a company's stock, are required to file Form 4.
To fill out Form 4, insiders must provide details of the transaction, including the date of the transaction, the type of security involved, the number of shares bought or sold, and the price per share, along with any prior ownership.
The purpose of Form 4 is to provide transparency and inform investors about the insider transactions that could affect the stock's value.
Form 4 must report the insider's name, relationship to the company, details of the transaction (including date, nature of the transaction, and amount of securities involved), and any changes in ownership.
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