Major Savara Inc. (SVRA) holder reports 6.1% stake in Schedule 13G/A

Rhea-AI Filing Summary

Savara Inc. received an updated ownership report from TCG Crossover entities and Chen Yu. They report beneficial ownership of 12,362,205 shares of Savara common stock, representing 6.1% of the class, based on 203,467,845 shares outstanding as of November 12, 2025.

The shares are held of record by TCG Crossover Fund I, L.P., with TCG Crossover GP I, LLC as its general partner and Chen Yu as sole managing member, giving them shared voting and dispositive power. The filers state the holdings are not for the purpose of changing or influencing control of Savara.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Savara Inc.

(Name of Issuer)

Common Stock, $0.001 par value per share

(Title of Class of Securities)

805111101

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 805111101

1

Names of Reporting Persons

TCG Crossover GP I, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 12,362,205.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 12,362,205.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,362,205.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.1 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: These securities are held of record by TCG Crossover I (as defined in Item 2(a) below). TCG Crossover GP I (as defined in Item 2(a) below) is the general partner of TCG Crossover I and may be deemed to have voting, investment, and dispositive power with respect to these securities. Chen Yu is the sole managing member of TCG Crossover GP I and may be deemed to share voting, investment and dispositive power with respect to these securities. Based on 203,467,845 shares of Common Stock outstanding as of November 12, 2025, as reported by the Issuer (as defined in Item 1(a) below) in its quarterly report filed with the Securities and Exchange Commission (the Commission) on November 12, 2025 (the Form 10-Q).

SCHEDULE 13G

CUSIP No. 805111101

1

Names of Reporting Persons

TCG Crossover Fund I, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 12,362,205.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 12,362,205.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,362,205.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.1 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: These securities are held of record by TCG Crossover I. TCG Crossover GP I is the general partner of TCG Crossover I and may be deemed to have voting, investment, and dispositive power with respect to these securities. Chen Yu is the sole managing member of TCG Crossover GP I and may be deemed to share voting, investment and dispositive power with respect to these securities. Based on 203,467,845 shares of Common Stock outstanding as of November 12, 2025, as reported by the Issuer in its Form 10-Q.

SCHEDULE 13G

CUSIP No. 805111101

1

Names of Reporting Persons

Chen Yu

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 12,362,205.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 12,362,205.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,362,205.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.1 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: These securities are held of record by TCG Crossover I. TCG Crossover GP I is the general partner of TCG Crossover I and may be deemed to have voting, investment, and dispositive power with respect to these securities. Chen Yu is the sole managing member of TCG Crossover GP I and may be deemed to share voting, investment and dispositive power with respect to these securities. Based on 203,467,845 shares of Common Stock outstanding as of November 12, 2025, as reported by the Issuer in its Form 10-Q.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Savara Inc.
(b)	Address of issuer's principal executive offices: 1717 Langhorne Newtown Road, Suite 300, Langhorne, PA 19047
Item 2.
(a)	Name of person filing: This Amendment No. 1 (Amendment No. 1) amends and supplements the Schedule 13G initially filed with the Commission on July 25, 2023 (the Original Schedule 13G) and is being filed by TCG Crossover Fund I, L.P. (TCG Crossover I), TCG Crossover GP I, LLC (TCG Crossover GP I, and together with TCG Crossover I, the Reporting Entities) and Chen Yu (the Reporting Individual). The Reporting Entities and the Reporting Individual are collectively referred to as the Reporting Persons. The Reporting Persons expressly disclaim status as a group for purposes of this Schedule 13G. The agreement among the Reporting Persons to file jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act is attached as Exhibit 1 to the Original Schedule 13G. Other than those securities reported herein as being held directly by such Reporting Person, each Reporting Person disclaims beneficial ownership of all securities reported in this Statement except to the extent of such Reporting Person's pecuniary interest therein. Capitalized terms not defined in this Amendment No. 1 have the meanings ascribed to them in the Original Schedule 13G.
(b)	Address or principal business office or, if none, residence: The address of the principal business office of each Reporting Person is 245 Lytton Ave., Suite 350, Palo Alto, CA 94301.
(c)	Citizenship: TCG Crossover GP I is a limited liability company organized under the laws of the State of Delaware. TCG Crossover I is a limited partnership organized under the laws of the State of Delaware. The Reporting Individual is a citizen of the United States of America.
(d)	Title of class of securities: Common Stock, $0.001 par value per share
(e)	CUSIP No.: 805111101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See Row 9 of the cover page for each Reporting Person and the corresponding comments.
(b)	Percent of class: See Row 5 of the cover page for each Reporting Person and the corresponding comments.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Row 11 of the cover page for each Reporting Person and the corresponding comments.
	(ii) Shared power to vote or to direct the vote: See Row 6 of the cover page for each Reporting Person and the corresponding comments.
	(iii) Sole power to dispose or to direct the disposition of: See Row 7 of the cover page for each Reporting Person and the corresponding comments.
	(iv) Shared power to dispose or to direct the disposition of: See Row 8 of the cover page for each Reporting Person and the corresponding comments.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Under certain circumstances set forth in the limited partnership agreements of TCG Crossover I and the limited liability company agreement of TCG Crossover GP I, the general and limited partners or members, as the case may be, of each of such entities may be deemed to have the right to receive dividends from, or the proceeds from, the sale of securities of the Issuer owned by each such entity of which they are a partner or member, as the case may be.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

TCG Crossover GP I, LLC

Signature:	/s/ Craig Skaling
Name/Title:	Craig Skaling, Authorized Signatory
Date:	02/17/2026

TCG Crossover Fund I, L.P.

Signature:	/s/ Craig Skaling
Name/Title:	Craig Skaling, Authorized Signatory
Date:	02/17/2026

Chen Yu

Signature:	/s/ Craig Skaling
Name/Title:	Craig Skaling, as Attorney-in-Fact for Chen Yu
Date:	02/17/2026

FAQ

How many Savara Inc. (SVRA) shares do the TCG Crossover entities and Chen Yu report owning?

They report beneficial ownership of 12,362,205 Savara Inc. common shares. This represents a significant institutional holding disclosed under Schedule 13G/A, providing transparency on major shareholders and their influence over voting and disposition of the stock.

What percentage of Savara Inc. (SVRA) does TCG Crossover report owning in this Schedule 13G/A?

The reporting persons state they beneficially own 6.1% of Savara Inc.’s common stock. This percentage is calculated using 203,467,845 shares outstanding as of November 12, 2025, as reported by Savara in its Form 10-Q filing.

Who actually holds the Savara Inc. (SVRA) shares reported in this Schedule 13G/A?

The shares are held of record by TCG Crossover Fund I, L.P. TCG Crossover GP I, LLC serves as the fund’s general partner, and Chen Yu is the sole managing member, so they may be deemed to share voting and investment power over the Savara shares.

Do the TCG Crossover entities and Chen Yu intend to change control of Savara Inc. (SVRA)?

They certify the securities were not acquired and are not held to change or influence control of Savara. They also state the holdings are not part of any control-related transaction, other than activities solely connected with a specific nomination provision under securities rules.

How is voting and dispositive power over Savara Inc. (SVRA) shares allocated among the reporting persons?

Each reporting person reports zero sole voting and dispositive power, and 12,362,205 shares of shared voting and shared dispositive power. This reflects the fund structure, where TCG Crossover I, its general partner, and Chen Yu may be deemed to share authority.

What date triggers this Schedule 13G/A amendment for Savara Inc. (SVRA)?

The event date requiring this amended Schedule 13G filing is December 31, 2025. That date marks when ownership levels or status met the regulatory threshold that requires updated beneficial ownership disclosure for Savara’s common stock.