LANGHORNE, PA —Savara Inc. (Nasdaq: SVRA) announced the grant of inducement awards to five new employees.
On May 21, 2025, the Compensation Committee of Savara’s Board of Directors approved inducement awards for five recent hires. The awards include options to purchase 85,000 shares of the Company’s common stock and restricted stock units (RSUs) for 75,000 shares. These equity awards were granted under Savara’s 2021 Inducement Equity Incentive Plan pursuant to NASDAQ Listing Rule 5635(c)(4) as an incentive for accepting employment with the Company.
The options have an exercise price of $2.91 per share, the closing price of the Company’s stock on the grant date. Each option has a 10-year term and vests quarterly over four years, subject to continued employment. The RSUs fully vest after two years, also contingent on continued employment.
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