Form 4: Allovir Inc. Executive Sells Shares to Cover Tax Obligations

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

Summary

• On October 21 and 22, 2024, Brett R. Hagen, the Chief Accounting Officer of Allovir, Inc., sold shares of common stock.
• The sales were executed to cover tax withholding obligations associated with the vesting of restricted stock units.
• On October 21, 2024, 479 shares were sold at a weighted average price of $0.779, with prices ranging from $0.7544 to $0.7964.
• On October 22, 2024, 486 shares were sold at a weighted average price of $0.7678, with prices ranging from $0.76 to $0.7709.
• Following these transactions, Hagen directly owns 70,715 shares of Allovir, Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing relates to routine stock sales for tax obligations, which is a common practice.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders due to the slight dilution of shares.
• The transactions do not appear to have a significant impact on employees, customers, suppliers, or creditors.

Key Dates