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This form is required to report changes in beneficial ownership of securities by reporting persons 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) that must be filed by insiders of public companies to report their trading activities involving the company's securities.
Form 4 must be filed by company insiders, including executive officers, directors, and any shareholders who own more than 10% of the company's equity securities.
To fill out Form 4, insiders must provide details including their name, position, the date of the transaction, the amount of securities involved, the price at which the securities were bought or sold, and their relationship to the company.
The purpose of Form 4 is to maintain transparency and provide the necessary information to the public about the buying and selling activities of insiders in a public company.
Form 4 requires reporting information such as the insider's name, relationship to the company, transaction date, type of transaction (purchase or sale), number of shares, and the price per share.
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