Form 4: Allovir Inc. General Counsel Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Edward Miller, General Counsel of Allovir, Inc., sold shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On November 5, 2024, Edward Miller, the General Counsel of Allovir, Inc., sold 2,272 shares of common stock at a weighted average price of $0.8649 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 211,931 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: The document describes a routine transaction (sale of shares to cover taxes). It doesn't indicate positive or negative sentiment.
Industry Context
This is a routine Form 4 filing related to insider transactions. It is common for company executives to sell shares to cover tax obligations when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 11/05/2024 | Date of stock sale transaction. |
| 11/06/2024 | Date of signature on the Form 4 filing. |
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