Form 4: Allovir Inc. Chief Accounting Officer Hagen Brett R. Reports Sale of Common Stock to Cover Tax Obligations

Chief Accounting Officer Hagen Brett R. of Allovir, Inc. reports the sale of 1,655 shares of common stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On November 5, 2024, Brett R. Hagen, the Chief Accounting Officer of Allovir, Inc., sold 1,655 shares of common stock.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
• The shares were sold at a weighted average price of $0.8649, with individual transactions ranging from $0.856 to $0.9151.
• Following the transaction, Hagen directly owns 69,060 shares of Allovir, Inc. common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. The sale of shares to cover tax obligations is a routine transaction and doesn't necessarily reflect a positive or negative outlook on the company.

Industry Context

Form 4 filings are a routine part of the US stock market, and are required by the SEC when company insiders trade their own company's stock. This filing indicates that the Chief Accounting Officer sold shares to cover tax obligations, which is a common practice.

Key Dates