Form 4: Replimune CEO Sells Shares to Cover Tax Obligations

Replimune Group, Inc.'s CEO, Sushil Patel, sold 20,194 shares of common stock on May 16, 2024, to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On May 16, 2024, Sushil Patel, the CEO of Replimune Group, Inc., sold 20,194 shares of the company's common stock.
• The sale was executed to cover tax withholding obligations associated with the partial vesting of Patel's restricted stock units (RSUs).
• The shares were sold at a weighted average price of $6.47, with individual transactions ranging from $6.46 to $6.56 per share.
• Following the transaction, Patel directly owns 212,014 shares of Replimune common stock.
• The sale was conducted according to a pre-arranged 'sell to cover' provision in the RSU award agreements, indicating it was not a discretionary sale by Patel.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (selling shares to cover taxes on vested RSUs). It's neutral in sentiment as it doesn't inherently indicate positive or negative views on 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 executives of publicly traded companies. This transaction is not necessarily indicative of the executive's sentiment towards the company's future prospects.

Key Dates