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

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ David Lowrance
Stock symbol
SVRA
Transactions as of
Dec 14, 2023
Transactions value $
-$135,449
Form type
4
Date filed
12/15/2023, 05:55 PM
Previous filing
Dec 15, 2022
Next filing
Dec 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SVRA Common Stock Tax liability -$135K -30.4K -12.54% $4.45 212K Dec 14, 2023 Direct F1
transaction SVRA Common Stock Award $0 +160K +75.35% $0.00 372K Dec 14, 2023 Direct F2
transaction SVRA Common Stock Gift $0 -20K -5.37% $0.00 352K Dec 15, 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 +40K $0.00 40K Dec 14, 2023 Common Stock 40K $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.