Braden M. Leonard - Jul 18, 2024 Form 4 Insider Report for Adverum Biotechnologies, Inc. (ADVM)

Role
10%+ Owner
Signature
Braden Michael Leonard
Stock symbol
ADVM
Transactions as of
Jul 18, 2024
Transactions value $
$1,785,662
Form type
4
Date filed
7/18/2024, 09:16 PM
Previous filing
Jul 18, 2024
Next filing
Jul 31, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADVM Common Stock Purchase $1.05M +136K +6.89% $7.75 2.1M Jul 17, 2024 Holding of BML Investment Partners, L.P. F1, F2
transaction ADVM Common Stock Purchase $736K +80.7K +3.84% $9.11 2.18M Jul 18, 2024 Holding of BML Investment Partners, L.P. F1, F3
holding ADVM Common Stock 105K Jul 18, 2024 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 BML Capital Management, LLC ("BML Capital") serves as the general partner of BML Investment Partners, L.P., a Delaware limited partnership (the "Fund"), which is the direct owner of the subject shares. Mr. Leonard is the managing member of BML Capital, and exercises investment and voting control over the subject shares. Accordingly, shares owned directly by the Fund may be regarded as being beneficially owned by Mr. Leonard. Notwithstanding, Mr. Leonard disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
F2 Represents shares purchased in multiple transactions resulting in a weighted average purchase price of $7.7459 per share. The reporting person will provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range.
F3 Represents shares purchased in multiple transactions resulting in a weighted average purchase price of $9.114 per share. The reporting person will provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range.