Form 4: Allovir Director Vikas Sinha Reports Sale of Shares to Cover Tax Obligations

Vikas Sinha, a director and officer of Allovir, Inc., sold shares to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On April 2, 2024, Vikas Sinha, a director, 10% owner, and officer (President and CFO) of Allovir, Inc. [ALVR], sold 885 shares of common stock at a weighted average price of $0.772.
• The sale was to cover tax withholding obligations related to the vesting of restricted stock units and was automatic.
• Following the transaction, Sinha directly owns 1,141,474 shares of Allovir common stock.
• Sinha may be deemed to have shared voting and investment power over 16,674,766 shares held by ElevateBio LLC, where he is a director and CFO, but he disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations, so it doesn't necessarily indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders (officers, directors, and 10% owners) of a publicly traded company buy or sell the company's securities. This filing provides transparency into the transactions of company insiders.

Key Dates