Replies to post #39276 on HPIL Holdings (HPIL)

[Madguppy]

Simple Google search. Last post I am making on this.


Form 4 is a US Securities and Exchange Commission (SEC) filing that relates to insider transactions. Officially known as Form 4: Statement of Changes in Beneficial Ownership, it needs to be completed and filed with the SEC whenever a company ‘insider’ in the US buys or sells shares in their own company.

Insiders consist of officers and directors of a company, as well as any shareholders that own 10% or more of a company's outstanding stock.

When does a Form 4 need to be filed?

Form 4 is required to be filed before the end of the second business day following the day on which a transaction resulting in a change in beneficial ownership has been executed.