Braden M. Leonard - Dec 1, 2025 Form 4 Insider Report for Adverum Biotechnologies, Inc. (ADVM)

Role
10%+ Owner
Signature
Braden M Leonard
Stock symbol
ADVM
Transactions as of
Dec 1, 2025
Transactions value $
-$2,407,833
Form type
4
Date filed
12/3/2025, 09:39 PM
Previous filing
Oct 7, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Leonard Braden Michael 10%+ Owner 65 E CEDAR - SUITE 2, ZIONSVILLE Braden M Leonard 2025-12-03 0001373603

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADVM Common Stock Sale -$1.26M -300K -9.81% $4.20 2.76M Dec 1, 2025 Holdings of BML Investment Partners, L.P F1, F2
transaction ADVM Common Stock Sale -$218K -52K -1.88% $4.20 2.71M Dec 2, 2025 Holdings of BML Investment Partners, L.P F1, F3
transaction ADVM Common Stock Sale -$930K -223K -8.41% $4.17 2.43M Dec 3, 2025 Holdings of BML Investment Partners, L.P F1, F4
holding ADVM Common Stock 192K Dec 1, 2025 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 sold in multiple transactions at a price of $4.20 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 transactions at the price sold.
F3 Represents shares sold in multiple transactions at a price of $4.20 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 transactions at the price sold.
F4 Represents shares sold in multiple transactions at a price of $4.17 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 transactions at the price sold.