Form 4: Replimune Group Executive Chairman Sells Shares to Cover Tax Obligations

Philip Astley-Sparke, Executive Chairman of Replimune Group, sold 37,928 shares of common stock to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On May 16, 2024, Philip Astley-Sparke, the Executive Chairman of Replimune Group, Inc., sold 37,928 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 $6.55 per share.
• Following the transaction, Astley-Sparke still beneficially owns 1,487,350 shares of Replimune Group, Inc.
• The sale was conducted according to an irrevocable 'sell to cover' provision in the RSU award agreements, indicating it was not a discretionary sale.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale to cover tax obligations and doesn't necessarily reflect a change in the executive's outlook on the company.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company executives. This transaction is not necessarily indicative of the executive's sentiment towards the company's future prospects.

Key Dates