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

Edward Miller, General Counsel of Allovir, Inc., sold 379 shares of common stock on July 2, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On July 2, 2024, Edward Miller, the General Counsel of Allovir, Inc., sold 379 shares of common stock.
• The sale was executed at a price of $0.72 per share.
• This transaction was to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Miller directly owns 220,117 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 standard regulatory filing detailing a routine stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This sale appears to be related to tax obligations, which is a common reason for such transactions.

Stakeholder Impact

• The sale of shares by a company insider could have a minor impact on shareholder sentiment, but given the reason for the sale (tax obligations), the impact is likely to be minimal.

Key Dates