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

Edward Miller, General Counsel of Allovir, Inc., sold shares to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On April 2, 2024, Edward Miller, the General Counsel of Allovir, Inc., sold 368 shares of common stock at a weighted average price of $0.772 per share.
• The sale was to cover tax withholding obligations related to the vesting of restricted stock units and was automatic.
• Following the transaction, Miller directly owns 224,610 shares and indirectly owns 288,799 shares through The Miller Family 2019 Irrevocable Dynasty Trust.
• Miller disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: This is a neutral event. An executive selling shares to cover taxes is a common occurrence and doesn't necessarily reflect a positive or negative outlook on the company.

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.

Stakeholder Impact

• The sale of shares by an executive could have a minor, temporary impact on the stock price.

Key Dates