What is a “Form 4”?

What is a “Form 4”? I can break that down for you. In 2 minutes or less.

The SEC has a bunch of Section 16 rules, under Section 16 of the Securities Exchange Act of 1934, that require two things from senior officers, directors and 10% or greater shareholders of public companies
– that they report when they buy and sell the company’s stock. And that they reimburse the company for any profits they make if they happen to buy & sell the company’s stock within six months and earn a profit. These are known as “short swing transactions.”

This video covers:

• Why is there a Form 4?
• What does the Form 4 look like?
• How often do they get filed?
• When do they get filed?
• What is their purpose?

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