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

Edward Miller, General Counsel of Allovir, Inc., sold 409 shares of common stock on January 10, 2025, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On January 10, 2025, Edward Miller, the General Counsel of Allovir, Inc., sold 409 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 ranging from $0.44 to $0.462.
• Following the transaction, Miller directly owns 153,541 shares and indirectly owns 346,348 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: The document is a routine SEC filing related to an insider stock sale for tax purposes. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders (officers, directors, or those holding more than 10% of the company's shares) buy or sell the company's securities. This filing indicates a sale of shares by the General Counsel to cover tax obligations, which is a common practice.

Stakeholder Impact

• The sale of shares by an insider could have a minor negative impact on shareholder sentiment, although it is a common practice for covering tax obligations.

Key Dates