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This form is filed by individuals to report changes in their beneficial ownership of securities as required under Section 16(a) of the Securities Exchange Act of 1934. It collects details regarding
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Form 4 is a document used by corporate insiders, such as officers and directors of a company, to report changes in their ownership of the company's securities to the Securities and Exchange Commission (SEC).
Corporate insiders who are subject to Section 16 of the Securities Exchange Act of 1934 are required to file Form 4. This includes directors, executive officers, and beneficial owners of more than 10% of a company's equity securities.
To fill out Form 4, insiders must provide details of their transactions involving the company's securities, including the date of the transaction, the type of security, the number of shares involved, the price at which the shares were acquired or disposed of, and any other relevant information. The form must be filed online through the SEC's EDGAR system.
The purpose of Form 4 is to provide transparency to the market by disclosing insider transactions in a timely manner, ensuring that investors have access to important information that may affect their investment decisions.
Information that must be reported on Form 4 includes the insider's name, the relationship to the company, the date of the transaction, the type and number of securities involved, the transaction price, and the nature of the ownership (direct or indirect).
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