For what purpose is a Form 5 filed?

A Form 5 is specifically used to report changes in ownership of securities by insiders that have not been made through the open market. This form serves as a mechanism for insiders, such as corporate officers, directors, and significant shareholders, to disclose transactions involving their own company's stock that must be reported but do not qualify for daily transaction reporting, which is typically required through Form 4.

Insiders are obligated to report these types of transactions to ensure transparency and maintain investor confidence in the fairness of the market. It's crucial for regulatory authorities like the SEC to have this information to monitor insider trading and financial conduct within companies.

Other options do not accurately reflect the purpose of Form 5. For instance, reporting stock transactions throughout the year is typically done on Form 4. Financial statements of insiders are not disclosed specifically through Form 5, and shareholder meetings are reported through different communication forms rather than this particular filing.