Form 4: Replimune Group Chief Accounting Officer Sells Shares to Cover Tax Obligations

Andrew Schwendenman, Chief Accounting Officer of Replimune Group, Inc., sold 2,298 shares of common stock to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On May 16, 2024, Andrew Schwendenman, the Chief Accounting Officer of Replimune Group, Inc., sold 2,298 shares of the company's common stock.
• The sale was executed to cover tax withholding obligations associated with the partial vesting of his 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, Schwendenman beneficially owns 38,238 shares of Replimune Group, Inc.
• The sale was conducted according to an irrevocable 'sell to cover' provision in the RSU award agreements, not as a discretionary sale.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations, which is a common practice.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company executives and employees. This transaction is a routine part of executive compensation and does not necessarily indicate a change in the executive's confidence in the company.

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