Form 4: Allovir Executive Vikas Sinha Sells Shares to Cover Tax Obligations

Vikas Sinha, a director, 10% owner, and officer of Allovir, Inc., sold shares of common stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On April 19, 2024, Vikas Sinha sold 1,521 shares of Allovir, Inc. common stock at a weighted average price of $0.7506.
• On April 22, 2024, Sinha sold 1,857 shares of Allovir, Inc. common stock at a price of $0.75.
• These sales were to cover tax withholding obligations related to the vesting of restricted stock units and were automatic, not discretionary.
• Following these transactions, Sinha directly owns 1,138,096 shares of Allovir, Inc. common stock.
• Sinha may also be deemed to have shared voting and investment power over 16,674,766 shares held by ElevateBio LLC, where he serves as a director and Chief Financial Officer, but he disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock sales for tax purposes, indicating a neutral sentiment.

Industry Context

This is a routine Form 4 filing, reflecting stock sales by an insider to cover tax obligations, a common practice in publicly traded companies.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares sold.

Key Dates