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This form is used to report changes in the ownership of securities by insiders of a company, specifically pursuant to Section 16(a) of the Securities Exchange Act of 1934. It is meant for directors,
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Form 4 is a document required by the U.S. Securities and Exchange Commission (SEC) that must be filed by corporate insiders to report their transactions in the company’s securities.
Corporate insiders, including executive officers, directors, and any shareholders owning more than 10% of a company's stock are required to file Form 4.
To fill out Form 4, insiders need to provide details about the security transaction, including the type of ownership, the amount of securities involved, the date of the transaction, and the price at which the securities were bought or sold.
The purpose of Form 4 is to provide transparency in the trading activities of corporate insiders and to help prevent insider trading by informing the public about their transactions.
Form 4 must report the name of the insider, their relationship to the company, the date of the transaction, the nature of the transaction (buy/sell), the number of shares bought or sold, and the price per share.
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