LOWRANCE DAVID L (Chief Financial Officer) exercised options at SAVARA INC

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 6 exercises

LOWRANCE DAVID L

Filed: 3/20/2026ACC: 0001193125-26-117669

InsiderLOWRANCE DAVID LCIK 1408498

→

IssuerSAVARA INCCIK 1160308

Officer· Chief Financial Officer

Since Aug 2018

-116.76K

Net shares

Net seller

$588.5K

Total sold

Open market trades

0B · 0S

Total transactions

366.75K acquired · 483.51K disposed

Non-Derivative Transactions12

Common Stock

Direct

M · Option Exercise

+80.68K

Price / share

$1.51

Trade value

$121.83K

% of position

28.2%

3/18/2026

286.05K→366.73K

Common Stock

Direct

F · Tax Withholding

−24.17K

Price / share

$5.04

Trade value

$121.84K

% of position

6.6%

3/18/2026

366.73K→342.56K

Common Stock

Direct

M · Option Exercise

+75K

Price / share

$1.59

Trade value

$119.25K

% of position

21.9%

3/18/2026

342.56K→417.56K

Common Stock

Direct

F · Tax Withholding

−23.66K

Price / share

$5.04

Trade value

$119.25K

% of position

5.7%

3/18/2026

417.56K→393.89K

Common Stock

Direct

M · Option Exercise

+130.65K

Price / share

$1.23

Trade value

$160.70K

% of position

33.2%

3/18/2026

393.89K→524.54K

Common Stock

Direct

F · Tax Withholding

−31.89K

Price / share

$5.04

Trade value

$160.70K

% of position

6.1%

3/18/2026

524.54K→492.66K

Common Stock

Direct

M · Option Exercise

+43.06K

Price / share

$1.11

Trade value

$47.80K

% of position

8.7%

3/18/2026

492.66K→535.72K

Common Stock

Direct

F · Tax Withholding

−9.48K

Price / share

$5.04

Trade value

$47.80K

% of position

1.8%

3/18/2026

535.72K→526.24K

Common Stock

Direct

M · Option Exercise

+12.50K

Price / share

$4.45

Trade value

$55.63K

% of position

2.4%

3/18/2026

526.24K→538.74K

Common Stock

Direct

F · Tax Withholding

−11.04K

Price / share

$5.04

Trade value

$55.63K

% of position

2.0%

3/18/2026

538.74K→527.70K

Common Stock

Direct

M · Option Exercise

+24.85K

Price / share

$3.35

Trade value

$83.25K

% of position

4.7%

3/18/2026

527.70K→552.55K

Common Stock

Direct

F · Tax Withholding

−16.52K

Price / share

$5.04

Trade value

$83.25K

% of position

3.0%

3/18/2026

552.55K→536.03K

Total

Net shares

+249.99K

Net value

-$15.63

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	3/18/2026	M · Option Exercise	+80.68K	$1.51	$121.83K	28.2%	286.05K	366.73K
Common Stock Direct	3/18/2026	F · Tax Withholding	−24.17K	$5.04	$121.84K	6.6%	366.73K	342.56K
Common Stock Direct	3/18/2026	M · Option Exercise	+75K	$1.59	$119.25K	21.9%	342.56K	417.56K
Common Stock Direct	3/18/2026	F · Tax Withholding	−23.66K	$5.04	$119.25K	5.7%	417.56K	393.89K
Common Stock Direct	3/18/2026	M · Option Exercise	+130.65K	$1.23	$160.70K	33.2%	393.89K	524.54K
Common Stock Direct	3/18/2026	F · Tax Withholding	−31.89K	$5.04	$160.70K	6.1%	524.54K	492.66K
Common Stock Direct	3/18/2026	M · Option Exercise	+43.06K	$1.11	$47.80K	8.7%	492.66K	535.72K
Common Stock Direct	3/18/2026	F · Tax Withholding	−9.48K	$5.04	$47.80K	1.8%	535.72K	526.24K
Common Stock Direct	3/18/2026	M · Option Exercise	+12.50K	$4.45	$55.63K	2.4%	526.24K	538.74K
Common Stock Direct	3/18/2026	F · Tax Withholding	−11.04K	$5.04	$55.63K	2.0%	538.74K	527.70K
Common Stock Direct	3/18/2026	M · Option Exercise	+24.85K	$3.35	$83.25K	4.7%	527.70K	552.55K
Common Stock Direct	3/18/2026	F · Tax Withholding	−16.52K	$5.04	$83.25K	3.0%	552.55K	536.03K
Total			+249.99K		-$15.63

Derivative Transactions6

Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

80.68K shares

−80.68K

Strike price

1.51

Held after

0.00

Exercisable

—

3/18/2026

Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

150K shares

−75K

Strike price

1.59

Held after

75K

Exercisable

—

3/18/2026

Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

260K shares

−130.65K

Strike price

1.23

Held after

129.35K

Exercisable

—

3/18/2026

Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

100K shares

−43.06K

Strike price

1.11

Held after

56.94K

Exercisable

—

3/18/2026

Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

40K shares

−12.50K

Strike price

4.45

Held after

27.50K

Exercisable

—

3/18/2026

Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

300K shares

−24.85K

Strike price

3.35

Held after

275.15K

Exercisable

—

3/18/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Option (Right to Buy) Direct	Common Stock80.68K shares	3/18/2026	M · Option Exercise	−80.68K	1.51	—	0.00
Stock Option (Right to Buy) Direct	Common Stock150K shares	3/18/2026	M · Option Exercise	−75K	1.59	—	75K
Stock Option (Right to Buy) Direct	Common Stock260K shares	3/18/2026	M · Option Exercise	−130.65K	1.23	—	129.35K
Stock Option (Right to Buy) Direct	Common Stock100K shares	3/18/2026	M · Option Exercise	−43.06K	1.11	—	56.94K
Stock Option (Right to Buy) Direct	Common Stock40K shares	3/18/2026	M · Option Exercise	−12.50K	4.45	—	27.50K
Stock Option (Right to Buy) Direct	Common Stock300K shares	3/18/2026	M · Option Exercise	−24.85K	3.35	—	275.15K