Code P: Open market or private purchase
5.9%of all 2025 Form 4 transactions
7.7%of Table I lines (non-derivative)
0.95%of Table II lines (derivative)
22,569transaction lines filed
Open market or private purchase of non-derivative or derivative security
Use it when
- Reporting Person buys shares on the open market.
- Reporting Person buys shares in a privately negotiated transaction.
- Reporting Person purchases a derivative security, such as an option or warrant.
- Purchase involves an equity swap or similar instrument, paired with the additional K-code as P/K.
EDGAR expects
| Table | Table I for a non-derivative purchase, Table II for a derivative purchase |
| Code | P |
| Acquired/Disposed | A |
| Price per share, Table I column 7 | A value or a footnote explaining its absence |
| Derivative purchase price | Table II column 8, not column 2 |
What the footnote typically covers
- What price applies when the purchase executed at more than one price?
- Was any part of the consideration non-cash, and what is its value?
- Was the purchase made under a Rule 10b5-1(c) plan, and when was it adopted?
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