FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
Lowrance David L
(Last) (First) (Middle)
1717 LANGHORNE NEWTOWN ROAD
SUITE 300
(Street)
LANGHORNE PA 19047
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Savara Inc [ SVRA ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
06/22/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/22/2026 06/22/2026 M   75,000 A $ 1.59 611,032 D  
Common Stock 06/22/2026 06/22/2026 F   21,682 D $ 5.5 589,350 D  
Common Stock 06/22/2026 06/22/2026 M   129,350 A $ 1.23 718,700 D  
Common Stock 06/22/2026 06/22/2026 F   28,928 D $ 5.5 689,772 D  
Common Stock 06/22/2026 06/22/2026 M   56,937 A $ 1.11 746,709 D  
Common Stock 06/22/2026 06/22/2026 F   11,491 D $ 5.5 735,218 D  
Common Stock 06/22/2026 06/22/2026 M   218,750 A $ 1.51 953,968 D  
Common Stock 06/22/2026 06/22/2026 F   60,057 D $ 5.5 893,911 D  
Common Stock 06/22/2026 06/22/2026 M   12,500 A $ 4.45 906,411 D  
Common Stock 06/22/2026 06/22/2026 F   10,114 D $ 5.5 896,297 D  
Common Stock 06/22/2026 06/22/2026 M   87,650 A $ 3.35 983,947 D  
Common Stock 06/22/2026 06/22/2026 F   53,387 D $ 5.5 930,560 D  
Common Stock 06/22/2026 06/22/2026 S   394,528 D $ 5.6813 (1) 536,032 D  
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $ 1.59 06/22/2026 06/22/2026 M     75,000   (2) 12/20/2029 Common Stock 75,000 $ 0 0 D  
Stock Option (Right to Buy) $ 1.23 06/22/2026 06/22/2026 M     129,350   (3) 12/16/2030 Common Stock 129,350 $ 0 0 D  
Stock Option (Right to Buy) $ 1.11 06/22/2026 06/22/2026 M     56,937   (4) 12/14/2031 Common Stock 56,937 $ 0 0 D  
Stock Option (Right to Buy) $ 1.51 06/22/2026 06/22/2026 M     218,750   (5) 12/13/2032 Common Stock 218,750 $ 0 31,250 D  
Stock Option (Right to Buy) $ 4.45 06/22/2026 06/22/2026 M     12,500   (6) 12/14/2033 Common Stock 12,500 $ 0 15,000 D  
Stock Option (Right to Buy) $ 3.35 06/22/2026 06/22/2026 M     87,650   (7) 12/12/2034 Common Stock 87,650 $ 0 187,500 D  
Explanation of Responses:
1. The price is a weighted average sales price. The sale prices ranged from $5.54 to $5.78. The reporting person undertakes to provide Savara Inc., any security holder of Savara Inc., or the staff of the Securities and Exchange Commission, upon receipt of a request, full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
2. The option vested and became exercisable in sixteen equal installments on each quarterly anniversary of December 20, 2019, subject to the reporting person's continued service with the Issuer.
3. The option vested and became exercisable in sixteen equal installments on each quarterly anniversary of December 16, 2020, subject to the reporting person's continued service with the Issuer.
4. The option vested and became exercisable in sixteen equal installments on each quarterly anniversary of December 14, 2021, subject to the reporting person's continued service with the Issuer.
5. The option vested and became exercisable in sixteen equal installments on each quarterly anniversary of December 13, 2022, subject to the reporting person's continued service with the Issuer.
6. 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.
7. The option vests and becomes exercisable in sixteen equal installments on each quarterly anniversary of December 12, 2024, subject to the reporting person's continued service with the Issuer.
/s/ David Lowrance 06/22/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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