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

Edward Miller, General Counsel of Allovir, Inc., sold 2,323 shares of common stock on August 5, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On August 5, 2024, Edward Miller, the General Counsel of Allovir, Inc., sold 2,323 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 $0.7348, with individual transactions ranging from $0.73 to $0.75.
• Following the transaction, Miller directly owns 216,403 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 describes a routine transaction (stock sale for tax obligations). It doesn't inherently indicate positive or negative sentiment regarding the company's performance or future prospects.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally viewed as routine transactions.

Stakeholder Impact

• The sale of shares by a company officer could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect.

Key Dates