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Form 4 Transaction Codes: What Each Reports and How Often It Is Filed

Picking the right transaction code is the first decision in every Form 4. The guidance for it sits in three places at once: the SEC’s General Instructions, the EDGAR schema, and whatever a practitioner remembers from the last unusual filing.

We have pulled it into one place. Form 4 Transaction Codes ranks every code by how often it was actually filed in 2025. Each of the common codes then has its own page: what the code reports, when to use it, the columns EDGAR expects, and what a footnote on that code typically has to explain. The rarely used codes share a single page.

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