SEC Form 4 Filingslive
What Form 4 is, who has to file it, and how to read the transaction codes — plus the live filing feed.
Form 4 is the SEC filing that discloses every change in beneficial ownership by a company's insiders — its executive officers, board members, and any holder of more than 10% of a class of registered equity securities. Under Section 16(a) of the Securities Exchange Act, it has to be filed within two business days of the transaction date. That short deadline is what makes Form 4 the fastest structured signal you can pull from EDGAR.
Every row you see here is scraped from EDGAR within minutes of filing, parsed into a structured record, and tagged with the transaction code so you can distinguish an open-market purchase from an RSU grant or a 10b5-1 scheduled sale.
Form 4 transaction code cheatsheet
Frequently asked questions
What is an SEC Form 4?
Form 4 is the SEC filing that corporate insiders — officers, directors, and beneficial owners of more than 10% of a class of equity securities — must submit whenever they buy, sell, gift, or otherwise change their holdings of the company's securities. It has to be filed within two business days of the transaction under Section 16(a) of the Securities Exchange Act.
Who has to file Form 4?
Section 16 insiders. In practice that means the CEO, CFO, and other Section 16 officers; every member of the board; and anyone (individual, fund, family office) that owns more than 10% of any class of the company's registered equity securities.
How fast does Form 4 have to be filed?
Within two business days of the transaction date. Late filings are disclosed in the company's annual proxy statement and, historically, have been a soft signal that insider process is disorganized.
What do the transaction codes mean?
P is an open-market purchase, S is an open-market sale, A is a grant or award, M is an option exercise, F is share withholding to pay tax, G is a gift, and D is a disposition to the issuer. P and S are the codes most relevant for tracking discretionary insider sentiment.
What is a 10b5-1 plan?
A prearranged trading plan filed under SEC Rule 10b5-1. Trades executed under a valid 10b5-1 plan are scheduled in advance and get a safe harbor from insider-trading liability. When a Form 4 checkbox indicates the trade was made under a 10b5-1 plan, treat the sale as pre-scheduled rather than a discretionary read on the stock.