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

Chief Accounting Officer of Allovir, Inc., Brett R. Hagen, reports selling shares to cover tax withholding obligations related to vesting restricted stock units.

Summary

• Brett R. Hagen, Chief Accounting Officer of Allovir, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On July 19, 2024, Hagen sold 479 shares of Common Stock at a weighted average price of $0.7501 to cover tax withholding obligations.
• On July 22, 2024, Hagen sold 481 shares of Common Stock at a weighted average price of $0.7392 for the same reason.
• These sales were automatic and not at the discretion of the Reporting Person.
• Following these transactions, Hagen beneficially owns 74,217 shares of Allovir, Inc.
• The sales were executed in multiple transactions at varying prices, with detailed price information available upon request to the SEC staff.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions for tax purposes and doesn't indicate a significant shift in the insider's confidence in the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Sales to cover tax obligations are common and don't necessarily reflect a negative outlook on the company.

Stakeholder Impact

• The sale of shares by a company officer could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact as it was for tax obligations.

Key Dates