SCHEDULE: Farallon Amends Savara Stake, Updates Key Personnel
Beneficial Ownership Amendment
Farallon Capital Management updates its Schedule 13G filing for Savara Inc., detailing changes in beneficial ownership and internal management personnel.
Summary
- Farallon Capital Partners, L.P. and its affiliated entities (the "Farallon Funds") filed an Amendment No. 10 to Schedule 13G regarding their beneficial ownership of Savara Inc. Common Stock.
- The Farallon Funds collectively hold an aggregate of 15,000,000 Common Stock Purchase Warrants, each exercisable for one share, subject to a 9.99% beneficial ownership limitation.
- As of the filing date, the beneficial ownership limitation does not prevent the exercise of any warrants, and the reporting persons assume all 15,000,000 warrants are exercisable within 60 days.
- Farallon Partners, L.L.C. is reported as beneficially owning 14,034,000 shares, representing 6.5% of the class.
- Several individual managing members and senior managing members of Farallon entities, including Joshua J. Dapice, Philip D. Dreyfuss, Hannah E. Dunn, Varun N. Gehani, Nicolas Giauque, Avner A. Husen, David T. Kim, Michael G. Linn, Patrick (Cheng) Luo, Thomas G. Roberts, Jr., Edric C. Saito, Daniel S. Short, Andrew J. M. Spokes, John R. Warren, and Mark C. Wehrly, are each deemed to beneficially own 15,000,000 shares, representing 6.9% of the class.
- Avner A. Husen became a member of the Farallon General Partner and a manager of the FCIP V General Partner and F5MI General Partner, effective January 1, 2026.
- Richard B. Fried, Rajiv A. Patel, and William Seybold ceased to be members/managers of the Farallon General Partner and its affiliates, effective December 31, 2025.
- The reporting persons certify that the securities were not acquired for the purpose of changing or influencing control of Savara Inc., other than activities solely in connection with a nomination under Rule 14a-11.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, administrative filing. It provides updated beneficial ownership information and internal personnel changes within the reporting entity, without indicating any direct positive or negative operational or financial developments for Savara Inc.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that Schedule 13G filings are routine disclosures by passive institutional investors holding more than 5% of a company's stock. This amendment primarily reflects internal personnel changes within Farallon Capital Management, which are common for large investment firms and do not inherently signal a change in investment thesis for Savara Inc. or broader industry trends.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Member of Farallon General Partner, Manager of FCIP V General Partner, Manager of F5MI General Partner | NA | Avner A. Husen | 2026-01-01 | Became a member/manager within the Farallon entities. |
| Member of Farallon General Partner, Manager of FCIP V General Partner, Manager of F5MI General Partner | Richard B. Fried | NA | 2025-12-31 | Ceased to be a member/manager within the Farallon entities. |
| Member of Farallon General Partner, Manager of FCIP V General Partner, Manager of F5MI General Partner | Rajiv A. Patel | NA | 2025-12-31 | Ceased to be a member/manager within the Farallon entities. |
| Member of Farallon General Partner, Manager of FCIP V General Partner, Manager of F5MI General Partner | William Seybold | NA | 2025-12-31 | Ceased to be a member/manager within the Farallon entities. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Internal Management Structure Update | Avner A. Husen joined as a managing member/manager across key Farallon entities (Farallon General Partner, FCIP V General Partner, F5MI General Partner). | 2026-01-01 | This change reflects an internal restructuring or promotion within Farallon Capital Management, affecting the individuals responsible for investment discretion over the Savara Inc. shares held by the Farallon Funds. It does not directly impact Savara Inc.'s corporate governance but updates the oversight structure of a significant beneficial owner. |
| Internal Management Structure Update | Richard B. Fried, Rajiv A. Patel, and William Seybold ceased their roles as managing members/managers across key Farallon entities. | 2025-12-31 | These departures represent a change in the individuals exercising investment discretion within Farallon Capital Management regarding their Savara Inc. holdings. Similar to the addition of Mr. Husen, this is an internal change for the reporting entity, not for Savara Inc. itself. |
Stakeholder Impact
- Shareholders of Savara Inc. receive updated transparency regarding the beneficial ownership structure of a significant institutional investor, Farallon Capital Management, and the individuals within that firm responsible for investment decisions related to their stake.
Key Dates
| Date | Description |
|---|---|
| 2025-12-31 | Date of event which requires filing of this statement; effective date for cessation of roles for Richard B. Fried, Rajiv A. Patel, and William Seybold. |
| 2026-01-01 | Effective date for Avner A. Husen becoming a member/manager of Farallon entities. |
| 2026-02-05 | Date of signing and filing of this Amendment No. 10 to Schedule 13G. |
Keywords
Savara Inc., Farallon Capital, Schedule 13G, Beneficial Ownership, Warrants, SEC Filing, Institutional Investor, SRNE
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