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This form is used to report changes in the beneficial ownership of securities by reporting owners, including directors and officers of the issuer. It complies with Section 16(a) of the Securities
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Form 4 is a filing required by the U.S. Securities and Exchange Commission (SEC) used by corporate insiders to report their transactions involving their company's securities.
Corporate insiders, including officers, directors, and beneficial owners of more than 10% of a registered class of a company's equity securities, are required to file Form 4.
Form 4 can be filled out electronically through the SEC's EDGAR system. It requires specific details about the transactions, including the date, price, amount of securities, and the type of transaction (e.g., purchase, sale, or exchange).
The purpose of Form 4 is to provide transparency and keep the public informed about the trading activities of corporate insiders, helping to prevent insider trading and promote fairness in the financial markets.
Form 4 requires reporting of the insider's name, relationship to the issuer, date of the transaction, nature of ownership (direct or indirect), class of security, amount of securities involved, price, and the total amount of securities owned after the transaction.
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