Form 4: Replimune Group CFO Sells Shares to Cover Tax Obligations

Emily Luisa Hill, CFO of Replimune Group, sold 8,938 shares of common stock on August 16, 2024, to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On August 16, 2024, Emily Luisa Hill, the Chief Financial Officer of Replimune Group, Inc., sold 8,938 shares of the company's common stock.
• The sale was executed to cover tax withholding obligations associated with the partial vesting of her Restricted Stock Units (RSUs).
• The shares were sold at a weighted average price of $10.18, with individual transactions ranging from $10.18 to $10.20 per share.
• Following the transaction, Hill still beneficially owns 101,057 shares of Replimune Group, Inc.
• The sale was conducted according to a pre-arranged 'sell to cover' provision in her RSU award agreements, not as a discretionary sale.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The sale is related to tax obligations and not necessarily indicative of the CFO's view on the company's prospects. The 'sell to cover' provision suggests a planned transaction.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and do not necessarily indicate a negative outlook on the company's future.

Stakeholder Impact

• The sale of shares could have a minor, temporary impact on the stock price, but is unlikely to significantly affect long-term shareholders.

Key Dates