Lowrance David L 4
4 · Savara Inc · Filed Dec 15, 2023
Insider Transaction Report
Form 4
Savara IncSVRA
Lowrance David L
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2023-12-14$4.45/sh−30,438$135,449→ 212,355 total - Award
Stock Option (Right to Buy)
2023-12-14+40,000→ 40,000 totalExercise: $4.45Exp: 2033-12-14→ Common Stock (40,000 underlying) - Gift
Common Stock
2023-12-15−20,000→ 352,355 total - Award
Common Stock
2023-12-14+160,000→ 372,355 total
Footnotes (4)
- [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.