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

Colin Love, Chief Operating Officer of Replimune Group, Inc., sold 17,615 shares of common stock to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On May 16, 2024, Colin Love, the Chief Operating Officer of Replimune Group, Inc., sold 17,615 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, Love still beneficially owns 777,345 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: 5

Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't indicate any significant positive or negative sentiment. It's a neutral event.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives. This transaction is a routine event and doesn't necessarily reflect a change in the executive's confidence in the company.

Stakeholder Impact

• The sale of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect.

Key Dates