Replies to post #68265 on Indocan Resources Inc. (IDCN)

[Slojab]

(d) If a reporting person is not an officer, director, or ten percent holder, the person should check “other” in Item 6
(Relationship of Reporting Person to Issuer) and describe the reason for reporting status in the space provided.

https://www.sec.gov/about/forms/form4data.pdf

[Slojab]

SEC Form 4: Statement of Changes in Beneficial Ownership is a document that must be filed with the Securities and Exchange Commission (SEC) whenever there is a material change in the holdings of company insiders. Insiders consist of directors and officers of the company, as well as any shareholders, owning 10% or more of the company's outstanding stock.

https://www.investopedia.com/terms/f/form4.asp

KEY TAKEAWAYS
Form 4 must be filed with the Securities and Exchange Commission whenever there is a material change in the holdings of company insiders.
If a party fails to disclose required information on a Form 4, civil or criminal actions could result.
It must be filed within two business days starting from the end of the day the material transaction occurred.