Growth Equity Opportunities 17, LLC Files SC 13D/A for Savara Inc.

TL;DR

Growth Equity Opportunities 17, LLC just filed a 13D/A for Savara Inc. - watch for ownership changes.

AI Summary

On August 14, 2024, Growth Equity Opportunities 17, LLC filed an SC 13D/A amendment concerning Savara Inc. This filing indicates a change in beneficial ownership for the company. The filing lists several individuals and entities as group members, including NEA 17 GP, LLC and NEA PARTNERS 17, L.P.

Why It Matters

This filing signals a potential shift in control or significant influence over Savara Inc. by Growth Equity Opportunities 17, LLC and its associated entities.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings like this can precede significant corporate actions or shifts in strategy, impacting stock price.

Key Players & Entities

• Growth Equity Opportunities 17, LLC (company) — Filer of the SC 13D/A
• Savara Inc (company) — Subject company of the filing
• NEA 17 GP, LLC (company) — Group member associated with the filer
• NEA PARTNERS 17, L.P. (company) — Group member associated with the filer
• NEW ENTERPRISE ASSOCIATES 17, L.P. (company) — Group member associated with the filer
• ALI BEHBAHANI (person) — Group member
• ANTHONY A. FLORENCE, JR. (person) — Group member
• CARMEN CHANG (person) — Group member
• EDWARD T. MATHERS (person) — Group member
• FOREST BASKETT (person) — Group member

FAQ

Key Financial Figures

• $0.001 — Inc. (Name of Issuer) Common Stock, $0.001 par value (Title of Class of Securiti

Filing Documents

• geo17-savara_18865.htm (SC 13D/A) — 466KB
• 0001072613-24-000639.txt ( ) — 468KB

Security

Item 1. Security and Issuer . This Amendment No. 2 (“Amendment No. 2”) to Schedule 13D amends and supplements the Schedule 13D originally filed on March 25, 2021, and Amendment No. 1 filed on July 26, 2023, and relates to the common stock, $0.001 par value (the “Common Stock”), of Savara Inc. (the “Issuer”), having its principal executive office at 1717 Langhorne Newtown Road, Suite 300, Langhorne, PA 19047. Certain terms used but not defined in this Amendment No. 2 have the meanings assigned thereto in the Schedule 13D (and Amendment No. 1 thereto). Except as specifically provided herein, this Amendment No. 2 does not modify any of the information previously reported on the Schedule 13D (and Amendment No. 1 thereto). This Amendment No. 2 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.

Identity

Item 2. Identity and Background . This (a) Growth Equity Opportunities 17, LLC (“GEO”); (b) 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 (c) 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 a “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 5 th Avenue, 19 th 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

Source

Item 3. Source and Amount of Funds or Other Consideration . Not applicable.

Purpose

Item 4. Purpose of Transaction . Not applicable.

Interest

Item 5. Interest in Securities of the Issuer . (a) 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 own beneficially 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 Person’s cover sheet. Such percentage was calculated based on 164,600,603 shares of Common Stock reported by the Issuer to be outstanding as of August 12, 2024 on the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on August 12, 2024. (b) 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 (c) None of the Reporting Persons has effected any transaction in the Common Stock during the last 60 days. (d) 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. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer . Not applicable. Item 7. Material to be Filed as Exhibits . Exhibit 1 – Agreement r

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