Form 4: Chimerix SVP Michael Alrutz Sells Shares to Cover Tax Obligations

Michael Alrutz, SVP and General Counsel of Chimerix, Inc., sold 1,600 shares of common stock to cover tax liabilities related to a restricted stock unit award.

Summary

• On February 13, 2025, Michael Alrutz, SVP and General Counsel of Chimerix, Inc., sold 1,600 shares of Chimerix common stock.
• The sale was executed at a weighted average price of $4.5165 per share.
• The shares were sold to cover Mr. Alrutz's tax liability incurred upon the vesting of shares from a restricted stock unit award granted on February 1, 2024.
• The sale was conducted under an automatic sell-to-cover arrangement pursuant to Rule 10b5-1.
• Following the transaction, Mr. Alrutz beneficially owns 213,596 shares of Chimerix common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a routine transaction to cover tax obligations; no indication of positive or negative outlook.

Industry Context

This is a routine Form 4 filing related to an executive selling shares to cover tax obligations, a common practice.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates