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This form is used for reporting beneficial ownership of securities and includes details about the reporting person, the issuer, and the securities owned. It is filed pursuant to Section 16(a) of the Securities Exchange Act of 1934.
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Form 3 is a specific document required by regulatory authorities for reporting certain financial and ownership information, often associated with the securities industry.
Form 3 must be filed by insiders of a company, including officers, directors, and beneficial owners of more than 10% of a class of the company's equity securities.
To fill out Form 3, insiders must provide information about their ownership of the company's securities, including the number of shares owned and the date of acquisition, along with personal identification details.
The purpose of Form 3 is to ensure transparency in the reporting of insider ownership and to provide investors with information about the holdings of individuals who have access to material nonpublic information.
Form 3 requires reporting of the insider's name, the relationship to the company, the title of the security, the number of shares owned, transaction dates, and any changes in ownership.
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