SECURITIES AND EXCHANGE COMMISSION
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|Item 7.01.|| |
Regulation FD Disclosure.
On December 31, 2020, Matthew Pauls, Chairman and Chief Executive Officer of Savara Inc. (“Savara”) entered into a written stock purchase plan (the “Purchase Plan”) in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Rule 10b5-1 and Savara’s insider trading policy allow individuals who are not then in possession of material non-public information to establish a written, prearranged plan for future trades in Savara stock. The Purchase Plan authorizes a broker to purchase an aggregate of $150,000 in Savara shares at the then-prevailing market price in three trades between February and April 2021, subject to the terms and conditions of the Purchase Plan. Savara expects that the details of all purchases under the Purchase Plan will be reported by Mr. Pauls through Form 4 filings with the Securities and Exchange Commission.
Except as may be required by law, Savara does not undertake to report on specific Rule 10b5-1 trading plans of Savara’s officers or any transaction under such plans, nor to report on the approval, implementation, modification or termination, or the specific terms and conditions of the Purchase Plan or the plan of any other individual. The information in Item 7.01 in this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section, nor shall it be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
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 6, 2021
a Delaware corporation
Chief Financial Officer