Form 4: Savara Inc. Chief Medical Officer Sells Shares to Cover Tax Obligations

Savara Inc.'s Chief Medical Officer, Raymond Dennis Pratt, sold 49,950 shares of common stock to cover tax liabilities related to vesting restricted stock units.

Summary

• Raymond Dennis Pratt, the Chief Medical Officer of Savara Inc., sold 49,950 shares of common stock on November 10, 2024.
• The sale was executed at a price of $3.97 per share.
• This transaction was a net share settlement to satisfy tax liabilities arising from the vesting of previously awarded restricted stock units.
• Following the transaction, Mr. Pratt directly owns 260,050 shares of Savara Inc. common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for an executive to cover tax obligations, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax liabilities are a common practice across the industry.
• The sale of 49,950 shares is not unusual for an executive at this level.
• The price of $3.97 per share is consistent with the market price of Savara Inc. stock at the time of the transaction.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Savara Inc, Raymond Dennis Pratt, Chief Medical Officer, stock sale, Form 4, insider trading, restricted stock units, tax liability