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Statement of changes in beneficial ownership of securities filed pursuant to Section 16(a) of the Securities Exchange Act of 1934.
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Form 4 is a form filed with the Securities and Exchange Commission (SEC) that is used to report changes in ownership of a company's securities by its insiders, such as officers, directors, and 10% shareholders.
Insiders of a company, including its officers, directors, and large shareholders (those who own more than 10% of the company's stock), are required to file Form 4 when they buy or sell shares of the company.
To fill out Form 4, insiders must provide information such as their name, relationship to the company, the date of the transaction, the number and price of shares bought or sold, and any changes in ownership, ensuring that all data is accurate and submitted within the required timeframe.
The purpose of Form 4 is to provide transparency and keep the public informed about the trading activities of company insiders, helping to ensure fair market practices and prevent insider trading.
Form 4 must report information such as the insider's name and relationship to the company, the date of the transaction, the nature of the ownership interest, the number of securities involved, the price at which the securities were bought or sold, and any subsequent changes in ownership.
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