Material Event Form 8 K

Item 8.01.Other Events.

On September 13, 2024, Cassava Sciences, Inc. (the "Company" or "Cassava") entered into a non-exclusive Consulting Agreement (the "Consulting Agreement") with Remi Barbier, the Company's former Chief Executive Officer. Pursuant to the Consulting Agreement, for a period of one year, Mr. Barbier will furnish consulting services as, and to the extent, reasonably requested by Cassava for purposes of providing information and support for scientific research and/or obtaining governmental approval for the Company's products. Cassava may, in its sole discretion, extend the term of the Consulting Agreement for up to an additional year. Either party may terminate the Consulting Agreement at any time with thirty days' notice. Mr. Barbier will be paid $100 per hour for such consulting services. Pursuant to the Consulting Agreement, Mr. Barbier also provides confidentiality and other customary covenants, terms and conditions during the Consulting Agreement's term.

The Consulting Agreement does not alter Mr. Barbier's severance benefits, which were described in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on July 17, 2024.

The foregoing description of the Consulting Agreement is only a summary and is qualified in its entirety by reference to the full text of the Consulting Agreement, which is attached as Exhibit 10.1 hereto and incorporated into this Item 8.01 by reference.

9.01: Financial Statements and Exhibits