UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

~~January~~March 2610, 2026

SAVARA INC.

(Exact name of registrant as specified in its charter)

Delaware

001-32157

84-1318182

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

1717 Langhorne Newtown Road, Suite 300

Langhorne, PA 19047

(Address of principal executive offices, including zip code)

(512) 614-1848

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.001 per share	SVRA	The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01.

Entry into a Material Definitive Agreement.

On ~~January~~March 2610, 2026, Savara Inc. (the “Company”) entered into aan ~~First~~Agreement ~~Amendment~~of Lease (the “~~First Amendment~~Lease”) towith ~~the~~ML7 ~~Loan~~Yardley ~~and Security Agreement~~Partners, ~~dated~~LP ~~March 26, 2025~~ (~~the~~ “~~Loan Agreement~~Landlord”), ~~with~~pursuant ~~the~~to ~~lenders~~which ~~party thereto (~~the ~~“Lenders”)~~Company ~~and~~will ~~Hercules~~lease ~~Capital,~~approximately ~~Inc.~~10,795 assquare ~~administrative~~feet ~~agent~~of ~~and~~office ~~collateral~~space ~~agent~~located at 19 W. AsCollege ~~amended~~Avenue, ~~the~~Suite ~~Loan~~200, ~~Agreement~~Yardley, ~~provides~~PA ~~for~~19067. ~~the~~The Company toplans ~~borrow up~~ to anrelocate ~~aggregate~~its ofheadquarters ~~$105 million~~to ofthis ~~term loans~~location.

The ~~First~~term ~~Amendment~~of ~~reset~~ the ~~timing~~Lease commences on July 1, 2026 and ~~conditions~~continues tountil December 1, 2031 (the “Term”). The Company’s ~~ability~~has the option to ~~draw~~extend upthe toTerm ~~$75 million~~for ofan additional five-year term. ~~loans~~The ~~under~~Company will make monthly base rent payments of approximately $28,337 for the ~~Loan~~first ~~Agreement~~year of the Term, ~~subject~~with inannual ~~each~~increases ~~case~~of toapproximately ~~FDA~~2%. ~~approval~~The aggregate base rent over the Term is approximately $1,780,900, which reflects five months of rent abatement. In addition to the base rent, the Company will pay additional amounts to the Landlord related to the Company’s ~~MOLBREEVI~~share ~~product~~of ~~candidate~~operating ~~for~~expenses, ~~the~~taxes, ~~treatment~~and utilities. The Company has paid a security deposit equal to $28,337. The Lease contains customary events of ~~aPAP~~default, ~~(the~~representations, ~~“Approval~~warranties, ~~Milestone”)~~and covenants.

~~Pursuant~~The toforegoing ~~the~~description ~~First Amendment, upon achievement~~ of the ~~Approval~~Lease ~~Milestone,~~is ~~the~~not ~~Company~~complete ~~may~~and ~~borrow~~is upqualified toin ~~$75 million~~its ofentirety ~~additional~~by ~~term~~reference ~~loans~~to ~~under~~ the ~~Loan Agreement~~Lease, which is filed as ~~follows:~~Exhibit 10.1 hereto.

•Item Up9.01. toFinancial ~~$45~~Statements ~~million~~and ~~through the earlier of (i) 120 days following the Approval Milestone or (ii) June 30, 2027 (the “First Post-Approval Tranche”)~~Exhibits.

~~• Beginning upon the earlier of the full draw or expiration of the First Post-Approval Tranche, up to $30 million through the earlier of~~ (id) ~~120 days following the Approval Milestone or (ii) June 30, 2027.~~Exhibits

The First Amendment extended the dates by which the Company may be required to comply with two financial covenants, extending the initial date for compliance with the unrestricted cash requirement to April 1, 2027, and the date for compliance with the minimum trailing six-month revenue covenant to September 30, 2027, if its market capitalization falls below the previously reported thresholds for each respective covenant.


Exhibit No.		Description

10.1		Agreement of Lease between ML7 Yardley Partners, LP and Savara Inc., dated March 10, 2026

104		Cover Page Interactive Data File (formatted as Inline XBRL)

The First Amendment grants the Lenders a first-priority perfected security interest in the Company’s intellectual property that will convert to a negative pledge if the Company terminates the Purchase and Sale Agreement dated as of October 29, 2025 with funds managed by RTW Investments, LP (the “Purchase Agreement”) prior to receiving funds under the Purchase Agreement and so long as the Company maintains $50 million or more in unrestricted cash.

The foregoing description of the First Amendment is qualified in its entirety by reference to the full text of the First Amendment, which the Company plans to file with its Annual Report on Form 10-K for the fiscal year ended December 31, 2025.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01, “Entry into a Material Definitive Agreement,” is incorporated herein by reference.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: January 27, 2026

SAVARA INC.

Date: March 13, 2026

SAVARA INC. a Delaware corporation

a Delaware corporation

/s/ Dave Lowrance

Dave Lowrance

Chief Financial and Administrative Officer

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