Form 3 (Initial Statement of Beneficial Ownership)
Form 3 is the initial SEC filing by a person who first becomes a beneficial owner of more than 10% of a registered class of a company's equity securities or assumes a director or officer role, disclosing ownership and relationship to the issuer.
Example: When Jane Doe became a director of XYZ Corp, she filed Form 3 to disclose her beneficial ownership of 750,000 shares.
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