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This form is used to report changes in beneficial ownership of securities for directors, officers, and owners of more than 10% of a company\'s stock, as required by Section 16(a) of the Securities Exchange Act of 1934.
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Form 4 is a document that corporate insiders, such as executives and directors, must file with the Securities and Exchange Commission (SEC) to report their ownership of a company's securities and any changes in that ownership.
Corporate insiders, including officers, directors, and beneficial owners of more than 10% of a registered class of the company's equity securities, are required to file Form 4.
To fill out Form 4, insiders must provide details such as their name, the name of the issuer, the date of the transaction, the type of security involved, the number of shares owned before and after the transaction, and the nature of the transaction. The form can be submitted electronically through the SEC's EDGAR system.
The purpose of Form 4 is to promote transparency and provide the public with information regarding the trading activities of corporate insiders, thereby helping to prevent insider trading and ensuring investors have access to key information about a company.
Form 4 requires reporting of the insider's name and position, the issuer's name, the date of the transaction, the transaction code, the amount of securities owned before and after the transaction, the price at which the transaction occurred, and any other relevant details about the transaction.
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