X0508 4 2026-02-05 0 0001583648 PALVELLA THERAPEUTICS, INC. PVLA 0002071433 Kline Ashley Hartmann C/O PALVELLA THERAPEUTICS, INC. 353 W. LANCASTER AVENUE, SUITE 200 WAYNE PA 19087 0 1 0 0 Chief Commercial Officer 0 Stock Option (Right to Buy) 76.43 2026-02-05 4 A 0 38517 0 A 2036-02-05 Common Stock 38517 38517 D The shares subject to this option shall vest and become exercisable in equal monthly installments over 48 months commencing from February 5, 2026, subject to the Reporting Person's continuous service through each applicable vesting date. /s/ Kathleen A. McGowan, Attorney-in-Fact 2026-02-09