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This form is filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 to report changes in the beneficial ownership of securities
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Form 4 is a document used by insiders of publicly traded companies to report their ownership of and transactions in company securities, primarily to comply with the regulations set by the Securities and Exchange Commission (SEC) in the United States.
Individuals who are considered insiders, such as officers, directors, and some large shareholders of publicly traded companies, are required to file Form 4 whenever they buy or sell securities of their company.
To fill out Form 4, insiders must provide details about the transaction, including the date of the transaction, the number of shares bought or sold, the price per share, and their relationship to the company. The form must be filed electronically through the SEC's EDGAR database.
The purpose of Form 4 is to promote transparency in the securities market by informing the public about insider trading activities, thus providing investors with insights into the buying and selling behaviors of company insiders.
Form 4 must report the name of the insider, the relationship to the company, details of the transaction (date, number of shares, price), the ownership change (direct or indirect ownership), and any security-based options exercised.
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