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This document is used to report changes in beneficial ownership of securities by individuals or entities, as mandated by the SEC, specifically under Section 16(a) of the Securities Exchange Act of
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Form 4 is a filing that is typically used by companies or insiders to report transactions involving their securities to regulatory bodies, like the SEC in the United States.
Insiders of a company, including officers, directors, and beneficial owners of more than 10% of a company's equity securities, are required to file Form 4 to disclose their transactions.
To fill out Form 4, insiders must provide details about the transaction, including the date of the transaction, the type of transaction, the number of securities involved, and the price at which securities were bought or sold.
The purpose of Form 4 is to provide transparency and ensure that the trading activities of corporate insiders are disclosed to the public and regulatory authorities, thus helping to prevent insider trading.
Form 4 requires the reporting of information such as the insider's name, relation to the company, details of the transactions (including dates, amounts, and prices), and the nature of the ownership of the securities.
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