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

Edward Miller, General Counsel of Allovir, Inc., sold 2,311 shares of common stock on May 3, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On May 3, 2024, Edward Miller, the General Counsel of Allovir, Inc., sold 2,311 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 $0.796, with individual transactions ranging from $0.7801 to $0.8098.
• Following the transaction, Miller directly owns 220,916 shares of Allovir, Inc.
• Miller also indirectly owns 288,799 shares through The Miller Family 2019 Irrevocable Dynasty Trust, but disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover taxes) by an executive, which is neither particularly positive nor negative. It's a neutral event in terms of investment sentiment.

Industry Context

This is a routine Form 4 filing, indicating a transaction by a company insider. Such filings are common and provide transparency into the trading activities of company executives and directors. The sale appears to be related to tax obligations, which is a typical reason for insider sales.

Key Dates