InsidersTradesSigma
Insider Trading & Regulation
Direct or indirect ownership of, or a pecuniary interest in, a security, including holdings through family, trusts or controlled entities.
Reporting obligations attach to the beneficial owner, not just the registered holder. This is why a Form 4 can show a purchase held indirectly 'by trust' or 'by spouse'. Crossing 10% beneficial ownership of a registered equity class makes a person a Section 16 insider.