Form 4: Allovir Inc. General Counsel Edward Miller Reports Sale of Shares to Cover Tax Obligations

Edward Miller, General Counsel of Allovir Inc., sold 420 shares of common stock on May 17, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On May 17, 2024, Edward Miller, the General Counsel of Allovir, Inc., sold 420 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 $0.7493, with individual transactions ranging from $0.74 to $0.7615.
• Following the transaction, Miller directly owns 220,496 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 is a routine regulatory filing related to an executive's stock sale for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock.

Stakeholder Impact

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

Key Dates