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

Chief Accounting Officer of Allovir, Inc., Brett R Hagen, sold 544 shares of common stock on August 19, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On August 19, 2024, Brett R Hagen, the Chief Accounting Officer of Allovir, Inc. (ALVR), sold 544 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 $0.7595, with individual transactions ranging from $0.7373 to $0.7736.
• Following the transaction, Hagen directly owns 71,981 shares of Allovir, Inc. common stock.

Sentiment

Score: 5

Explanation: The document reports a routine transaction (sale of shares for tax obligations) by a company officer, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The sale of shares by an officer could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates