LOWRANCE DAVID L (Chief Financial Officer) sold 42.4% of their position (394.53K shares) of SAVARA INC on the open market

Open‑market sale worth $2.24M — a major position exit. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 1 sale

LOWRANCE DAVID L

Filed: 6/23/2026ACC: 0001193125-26-278061

InsiderLOWRANCE DAVID LCIK 1408498

→

IssuerSAVARA INCCIK 1160308

Officer· Chief Financial Officer

Since Aug 2018

-580.19K

Net shares

Net seller

$3.26M

Total sold

Open market trades

0B · 1S

Total transactions

580.19K acquired · 1.16M disposed

Non-Derivative Transactions13

Common Stock

Direct

M · Option Exercise

+75K

Price / share

$1.59

Trade value

$119.25K

% of position

14.0%

6/22/2026

536.03K→611.03K

Common Stock

Direct

F · Tax Withholding

−21.68K

Price / share

$5.50

Trade value

$119.25K

% of position

3.5%

6/22/2026

611.03K→589.35K

Common Stock

Direct

M · Option Exercise

+129.35K

Price / share

$1.23

Trade value

$159.10K

% of position

21.9%

6/22/2026

589.35K→718.70K

Common Stock

Direct

F · Tax Withholding

−28.93K

Price / share

$5.50

Trade value

$159.10K

% of position

4.0%

6/22/2026

718.70K→689.77K

Common Stock

Direct

M · Option Exercise

+56.94K

Price / share

$1.11

Trade value

$63.20K

% of position

8.3%

6/22/2026

689.77K→746.71K

Common Stock

Direct

F · Tax Withholding

−11.49K

Price / share

$5.50

Trade value

$63.20K

% of position

1.5%

6/22/2026

746.71K→735.22K

Common Stock

Direct

M · Option Exercise

+218.75K

Price / share

$1.51

Trade value

$330.31K

% of position

29.8%

6/22/2026

735.22K→953.97K

Common Stock

Direct

F · Tax Withholding

−60.06K

Price / share

$5.50

Trade value

$330.31K

% of position

6.3%

6/22/2026

953.97K→893.91K

Common Stock

Direct

M · Option Exercise

+12.50K

Price / share

$4.45

Trade value

$55.63K

% of position

1.4%

6/22/2026

893.91K→906.41K

Common Stock

Direct

F · Tax Withholding

−10.11K

Price / share

$5.50

Trade value

$55.63K

% of position

1.1%

6/22/2026

906.41K→896.30K

Common Stock

Direct

M · Option Exercise

+87.65K

Price / share

$3.35

Trade value

$293.63K

% of position

9.8%

6/22/2026

896.30K→983.95K

Common Stock

Direct

F · Tax Withholding

−53.39K

Price / share

$5.50

Trade value

$293.63K

% of position

5.4%

6/22/2026

983.95K→930.56K

Common Stock

Direct

S · Sale

−394.53K

Price / share

$5.68

Trade value

$2.24M

% of position

42.4%

6/22/2026

930.56K→536.03K

Total

Net shares

+0.00

Net value

-$2.24M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	6/22/2026	M · Option Exercise	+75K	$1.59	$119.25K	14.0%	536.03K	611.03K
Common Stock Direct	6/22/2026	F · Tax Withholding	−21.68K	$5.50	$119.25K	3.5%	611.03K	589.35K
Common Stock Direct	6/22/2026	M · Option Exercise	+129.35K	$1.23	$159.10K	21.9%	589.35K	718.70K
Common Stock Direct	6/22/2026	F · Tax Withholding	−28.93K	$5.50	$159.10K	4.0%	718.70K	689.77K
Common Stock Direct	6/22/2026	M · Option Exercise	+56.94K	$1.11	$63.20K	8.3%	689.77K	746.71K
Common Stock Direct	6/22/2026	F · Tax Withholding	−11.49K	$5.50	$63.20K	1.5%	746.71K	735.22K
Common Stock Direct	6/22/2026	M · Option Exercise	+218.75K	$1.51	$330.31K	29.8%	735.22K	953.97K
Common Stock Direct	6/22/2026	F · Tax Withholding	−60.06K	$5.50	$330.31K	6.3%	953.97K	893.91K
Common Stock Direct	6/22/2026	M · Option Exercise	+12.50K	$4.45	$55.63K	1.4%	893.91K	906.41K
Common Stock Direct	6/22/2026	F · Tax Withholding	−10.11K	$5.50	$55.63K	1.1%	906.41K	896.30K
Common Stock Direct	6/22/2026	M · Option Exercise	+87.65K	$3.35	$293.63K	9.8%	896.30K	983.95K
Common Stock Direct	6/22/2026	F · Tax Withholding	−53.39K	$5.50	$293.63K	5.4%	983.95K	930.56K
Common Stock Direct	6/22/2026	S · Sale	−394.53K	$5.68	$2.24M	42.4%	930.56K	536.03K
Total			+0.00		-$2.24M

Derivative Transactions6

Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

75K shares

−75K

Strike price

1.59

Held after

0.00

Exercisable

—

6/22/2026

Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

129.35K shares

−129.35K

Strike price

1.23

Held after

0.00

Exercisable

—

6/22/2026

Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

56.94K shares

−56.94K

Strike price

1.11

Held after

0.00

Exercisable

—

6/22/2026

Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

218.75K shares

−218.75K

Strike price

1.51

Held after

31.25K

Exercisable

—

6/22/2026

Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

12.50K shares

−12.50K

Strike price

4.45

Held after

15K

Exercisable

—

6/22/2026

Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

87.65K shares

−87.65K

Strike price

3.35

Held after

187.50K

Exercisable

—

6/22/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Option (Right to Buy) Direct	Common Stock75K shares	6/22/2026	M · Option Exercise	−75K	1.59	—	0.00
Stock Option (Right to Buy) Direct	Common Stock129.35K shares	6/22/2026	M · Option Exercise	−129.35K	1.23	—	0.00
Stock Option (Right to Buy) Direct	Common Stock56.94K shares	6/22/2026	M · Option Exercise	−56.94K	1.11	—	0.00
Stock Option (Right to Buy) Direct	Common Stock218.75K shares	6/22/2026	M · Option Exercise	−218.75K	1.51	—	31.25K
Stock Option (Right to Buy) Direct	Common Stock12.50K shares	6/22/2026	M · Option Exercise	−12.50K	4.45	—	15K
Stock Option (Right to Buy) Direct	Common Stock87.65K shares	6/22/2026	M · Option Exercise	−87.65K	3.35	—	187.50K