Citi Trends Inc, a retail company specializing in urban fashion and accessories, recently filed a Form 4 with the Securities and Exchange Commission. The significance of this filing lies in the disclosure of insider trading activities within the company. Form 4 is required to be filed with the SEC whenever there are changes in the holdings of company insiders, such as directors or officers, or any individual or entity holding more than 10% of the company’s stock.
Citi Trends Inc, headquartered in Savannah, Georgia, operates over 500 stores across the United States. The company offers a wide range of trendy clothing, footwear, and accessories for men, women, and children. With a focus on providing value-conscious customers with stylish options, Citi Trends has established itself as a popular destination for urban fashion.
Form 4, also known as a Statement of Changes in Beneficial Ownership, provides transparency to investors and the public regarding any buying or selling of company stock by insiders. By disclosing these transactions, the filing aims to ensure that investors are aware of potential conflicts of interest and can make informed decisions. For more information about Citi Trends Inc, you can visit their website here.
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