Form 4: Allovir Inc. General Counsel Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Edward Miller, General Counsel of Allovir Inc., sold 377 shares of common stock on October 3, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On October 3, 2024, Edward Miller, the General Counsel of Allovir, Inc., sold 377 shares of common stock at a price of $0.8148 per share.
- The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
- Following the transaction, Miller directly owns 215,604 shares of Allovir, Inc.
- Miller also has indirect ownership of 288,799 shares through The Miller Family 2019 Irrevocable Dynasty Trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider stock sale for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. This provides transparency to the market regarding insider transactions.
Stakeholder Impact
- The sale is unlikely to have a significant impact on stakeholders as it is a small transaction related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 10/03/2024 | Date of stock sale transaction. |
| 10/04/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.