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Form 4 transaction codes explained (P, S, A, M, F, G)

SEC Form 4 uses a single letter to mark what kind of transaction happened: P is a purchase, S a sale, A an award or grant, M an exercise, F tax withholding, and G a gift. Only P marks an open-market insider purchase.

PPurchaseOpen-market or private purchase. Read the footnotes.SSaleAn open-market or private sale, not a purchase.AAwardA grant, award or other acquisition under the code.MExerciseExercise or conversion of a derivative security.FWithholdingTax or exercise-price withholding.GGiftA gift, not a discretionary purchase.

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Reference sources

SEC ownership forms and filing information SEC fair-access guidance