David L. Lowrance - 14 Dec 2023 Form 4 Insider Report for Savara Inc (SVRA)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ David Lowrance
Issuer symbol
SVRA
Transactions as of
14 Dec 2023
Net transactions value
-$135,449
Form type
4
Filing time
15 Dec 2023, 17:55:23 UTC
Previous filing
15 Dec 2022
Next filing
29 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SVRA Common Stock Tax liability $135,449 -30,438 -13% $4.45 212,355 14 Dec 2023 Direct F1
transaction SVRA Common Stock Award $0 +160,000 +75% $0.000000 372,355 14 Dec 2023 Direct F2
transaction SVRA Common Stock Gift $0 -20,000 -5.4% $0.000000 352,355 15 Dec 2023 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SVRA Stock Option (Right to Buy) Award $0 +40,000 $0.000000 40,000 14 Dec 2023 Common Stock 40,000 $4.45 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability based upon the vesting of previously awarded restricted stock units.
F2 Represents restricted stock units ("RSUs") that vest in full on December 14, 2025, subject to the reporting person's continued service with the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F3 The reporting person made a bona fide gift to The McCallie School. The reporting person does not have voting or investment power with respect to the shares held by The McCallie School.
F4 The option vests and becomes exercisable in sixteen equal installments on each quarterly anniversary of December 14, 2023, subject to the reporting person's continued service with the Issuer.