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This form is used to report changes in the beneficial ownership of securities by executive officers, directors, and certain shareholders under Section 16(a) of the Securities Exchange Act of 1934.
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Form 4 is a document required by the Securities and Exchange Commission (SEC) in the United States that must be filed by corporate insiders to report their transactions in the company's securities.
Corporate insiders, including officers, directors, and individuals who own more than 10% of a company's equity securities, are required to file Form 4.
Form 4 can be filled out electronically through the SEC's EDGAR database or on paper. It requires details about the insider, the company, the nature of the transaction, and the amount of securities involved.
The purpose of Form 4 is to provide transparency in the trading activities of corporate insiders and to inform investors about their transactions in the company's securities.
The information that must be reported on Form 4 includes the insider's name, relationship to the company, date of the transaction, type of securities involved, the amount bought or sold, and any applicable price.
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