SCHEDULE 13D/A 0001072613-21-000316 0001790256 XXXXXXXX LIVE 3 Common Stock, par value $0.001 per share 11/12/2025 false 0001160308 805111101 Savara Inc

1717 Langhorne Newtown Road Suite 300 Langhorne PA 19047

Stephanie Brecher (410)842-4000 New Enterprise Associates 1954 Greenspring Drive, Suite 600 Timonium MD 21093 0001790256 N Growth Equity Opportunities 17, LLC WC N DE 0.00 24471264.00 0.00 24471264.00 24471264.00 N 12.0 OO 0001768564 N New Enterprise Associates 17, L.P. WC N DE 0.00 24471264.00 0.00 24471264.00 24471264.00 N 12.0 PN 0001796820 N NEA Partners 17, L.P. AF N DE 0.00 24471264.00 0.00 24471264.00 24471264.00 N 12.0 PN 0001796821 N NEA 17 GP, LLC AF N DE 0.00 24471264.00 0.00 24471264.00 24471264.00 N 12.0 OO 0001277631 N Forest Baskett AF N X1 0.00 24471264.00 0.00 24471264.00 24471264.00 N 12.0 IN 0001613867 N Ali Behbahani AF N X1 0.00 24471264.00 0.00 24471264.00 24471264.00 N 12.0 IN 0001746342 N Carmen Chang AF N X1 0.00 24471264.00 0.00 24471264.00 24471264.00 N 12.0 IN 0001559827 N Anthony A. Florence, Jr. AF N X1 0.00 24471264.00 0.00 24471264.00 24471264.00 N 12.0 IN 0001630226 N Mohamad H. Makhzoumi AF N X1 0.00 24471264.00 0.00 24471264.00 24471264.00 N 12.0 IN 0001328625 N Edward T. Mathers AF N X1 0.00 24471264.00 0.00 24471264.00 24471264.00 N 12.0 IN 0001237289 N Scott D. Sandell AF N X1 0.00 24471264.00 0.00 24471264.00 24471264.00 N 12.0 IN 0001553150 N Paul Walker AF N X1 0.00 24471264.00 0.00 24471264.00 24471264.00 N 12.0 IN 0001851328 N Rick Yang AF N X1 0.00 24471264.00 0.00 24471264.00 24471264.00 N 12.0 IN Common Stock, par value $0.001 per share Savara Inc 1717 Langhorne Newtown Road Suite 300 Langhorne PA 19047 This Amendment No. 3 ("Amendment No. 3") to Schedule 13D amends and supplements the statement on Schedule 13D originally filed on March 25, 2021 (the "Schedule 13D"), Amendment No. 1 filed on July 26, 2023 ("Amendment No. 1") and Amendment No. 2 filed on August 14, 2024 ("Amendment No. 2") relating to the Common Stock of the Issuer. Certain terms used but not defined in this Amendment No. 3 have the meanings assigned thereto in the Schedule 13D (including Amendment No. 1 and Amendment No. 2 thereto). Except as specifically provided herein, this Amendment No. 3 does not modify any of the information previously reported on the Schedule 13D (including Amendment No. 1 and Amendment No. 2 thereto). This Amendment No. 3 is being filed to report that the beneficial ownership of Common Stock by the Reporting Persons (as defined below) has decreased by more than 1% as a result of an increase in the number of Common Stock outstanding. Growth Equity Opportunities 17, LLC ("GEO"); New Enterprise Associates 17, L.P. ("NEA 17") which is the sole member of GEO; NEA Partners 17, L.P. ("NEA Partners 17"), which is the sole general partner of NEA 17; and NEA 17 GP, LLC ("NEA 17 LLC" and, together with NEA Partners 17, the "Control Entities"), which is the sole general partner of NEA Partners 17; and Forest Baskett ("Baskett"), Ali Behbahani ("Behbahani"), Carmen Chang ("Chang"), Anthony A. Florence, Jr. ("Florence"), Mohamad H. Makhzoumi ("Makhzoumi"), Edward T. Mathers ("Mathers"), Scott D. Sandell ("Sandell"), Paul Walker ("Walker"), and Rick Yang ("Yang") (together, the "Managers"). The Managers are the managers of NEA 17 LLC. The persons named in this Item 2 are referred to individually herein as "Reporting Person" and collectively as the "Reporting Persons." The address of the principal business office of GEO, NEA 17, each Control Entity and Sandell is New Enterprise Associates, 1954 Greenspring Drive, Suite 600, Timonium, MD 21093. The address of the principal business office of Baskett, Behbahani, Chang, Makhzoumi, Walker and Yang is New Enterprise Associates, 2855 Sand Hill Road, Menlo Park, CA 94025. The address of the principal business office of Florence and Mathers is New Enterprise Associates, 104 5th Avenue, 19th Floor, New York, NY 10011. The principal business of GEO and NEA 17 is to invest in and assist growth-oriented businesses located principally in the United States. The principal business of NEA Partners 17 is to act as the sole general partner of NEA 17. The principal business of NEA 17 LLC is to act as the sole general partner of NEA Partners 17. The principal business of each of the Managers is to manage the Control Entities, NEA 17 and a number of affiliated partnerships with similar businesses. During the five years prior to the date hereof, none of the Reporting Persons has been convicted in a criminal proceeding or has been a party to a civil proceeding ending in a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. During the five years prior to the date hereof, none of the Reporting Persons has been convicted in a criminal proceeding or has been a party to a civil proceeding ending in a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. GEO and NEA 17 LLC are limited liability companies organized under the laws of the State of Delaware. NEA 17 and NEA Partners 17 are limited partnerships organized under the laws of the State of Delaware. Each of the Managers is a United States citizen. Not applicable. GEO acquired the GEO Shares for investment purposes. Depending on market conditions, its continuing evaluation of the business and prospects of the Issuer and other factors, GEO and the other Reporting Persons may dispose of or acquire additional shares of the Issuer. Except as set forth above, none of the Reporting Persons has any present plans which relate to or would result in: (a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) Any material change in the present capitalization or dividend policy of the Issuer; (f) Any other material change in the Issuer's business or corporate structure; (g) Changes in the Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (h) Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934; or (j) Any action similar to any of those enumerated above. GEO is the record owner of the GEO Shares. As the sole member of GEO, NEA 17 may be deemed to own beneficially the GEO Shares. As the general partner of NEA 17, NEA Partners 17 may be deemed to own beneficially the GEO Shares. As the sole general partner of NEA Partners 17, NEA 17 LLC may be deemed to beneficially own the GEO Shares. As members of NEA 17 LLC, each of the Managers may be deemed to own beneficially the GEO Shares. Each Reporting Person disclaims beneficial ownership of the GEO Shares other than those shares which such person owns of record. The percentage of outstanding Common Stock of the Issuer which may be deemed to be beneficially owned by each Reporting Person is set forth on Line 13 of such Reporting Peron's cover sheet. Such percentage was calculated based on 203,467,845 shares of Common Stock reported by the Issuer to be outstanding as of November 12, 2025 on the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 12, 2025. Regarding the number of shares as to which such person has: (i) sole power to vote or to direct the vote: See line 7 of cover sheets (ii) shared power to vote or to direct the vote: See line 8 of cover sheets (iii) sole power to dispose or to direct the disposition: See line 9 of cover sheets (iv) shared power to dispose or to direct the disposition: See line 10 of cover sheets. None of the Reporting Persons have effected any transaction in the last 60 days. No other person is known to have the right to receive or the power to direct the receipt of dividends from, or any proceeds from the sale of, Common Stock beneficially owned by any of the Reporting Persons. Not applicable. Not applicable. Exhibit 1 - Agreement regarding filing of joint Schedule 13D. Exhibit 2 - Power of Attorney regarding filings under the Securities Exchange Act of 1934, as amended. Growth Equity Opportunities 17, LLC /s/ Zachary Bambach 11/14/2025 /s/ Zachary Bambach 11/14/2025 New Enterprise Associates 17, L.P. /s/ Zachary Bambach 11/14/2025 /s/ Zachary Bambach 11/14/2025 NEA Partners 17, L.P. /s/ Zachary Bambach 11/14/2025 /s/ Zachary Bambach 11/14/2025 NEA 17 GP, LLC /s/ Zachary Bambach 11/14/2025 /s/ Zachary Bambach 11/14/2025 Forest Baskett /s/ Zachary Bambach 11/14/2025 Ali Behbahani /s/ Zachary Bambach 11/14/2025 Carmen Chang /s/ Zachary Bambach 11/14/2025 Anthony A. Florence, Jr. /s/ Zachary Bambach 11/14/2025 Mohamad H. Makhzoumi /s/ Zachary Bambach 11/14/2025 Edward T. Mathers /s/ Zachary Bambach 11/14/2025 Scott D. Sandell /s/ Zachary Bambach 11/14/2025 Paul Walker /s/ Zachary Bambach 11/14/2025 Rick Yang /s/ Zachary Bambach 11/14/2025 This Amendment No. 3 to Schedule 13D was executed by Zachary Bambach on behalf of the individuals listed above pursuant to a Power of Attorney, a copy of which is attached as Exhibit 2.