Form 4 for LQDA Liquidia Corp
Accepted 2024-09-04 00:00:00 ET · period of report 2024-08-30 · accession 0000902664-24-005425 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| I | 2024-09-04 | 2024-08-30 | LQDA | Caligan Partners LP | Dir, 10%, See Remarks | S - Sale | $9.51 | -150.0K | 6.84M | -2% | -$1.43M |
| I | 2024-09-04 | 2024-08-30 | LQDA | Caligan Partners LP | Dir, 10%, See Remarks | P - Purchase | $9.51 | +150.0K | 6.99M | +2% | +$1.43M |
| I | 2024-09-04 | 2024-08-30 | LQDA | Caligan Partners LP | Dir, 10%, See Remarks | J - Other | — | -3.44M | 6.99M | -33% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-08-30 | S | D | 150,000 | $9.51 | 6,844,997 | I See footnote | — | — | (F3) Securities held by certain funds (the "Caligan Funds") and managed accounts (the "Caligan Accounts", and together with the Caligan Funds, the "Caligan Funds and Accounts") to which Caligan serves as investment manager and related entities. David Johnson ("Mr. Johnson", and together with Caligan, the "Reporting Persons") is the Managing Partner of Caligan and a Managing Member of Caligan Partners GP LLC, the general partner of Caligan. |
| 2 | Common | Common Stock | 2024-08-30 | P | A | 150,000 | $9.51 | 6,994,997 | I See footnote | — | — | (F3) Securities held by certain funds (the "Caligan Funds") and managed accounts (the "Caligan Accounts", and together with the Caligan Funds, the "Caligan Funds and Accounts") to which Caligan serves as investment manager and related entities. David Johnson ("Mr. Johnson", and together with Caligan, the "Reporting Persons") is the Managing Partner of Caligan and a Managing Member of Caligan Partners GP LLC, the general partner of Caligan. |
| 3 | Common | Common Stock, $0.001 par value per share ("Common Stock") | 2024-08-30 | J | D | 3,440,948 | — | 6,994,997 | I See footnote | — | — | (F1) This transaction represents a pro-rata in-kind distribution by a Caligan Fund (as defined below) to limited partners for no consideration effected as of the close of trading on August 30, 2024. The shares of Common Stock were not disposed of in a sale transaction. (F2) Effective as of the close of trading on August 30, 2024, a consulting arrangement with a managed account to which Caligan (as defined below) served as a consultant (the "Consulting Arrangement") was terminated pursuant to its terms, and accordingly, 845,000 shares of Common Stock which were previously reported by the Reporting Persons (as defined below) that were subject to the Consulting Arrangement are no longer reported herein. The ommon Stock were not disposed of in a sale transaction. 75,000 shares of Common Stock that were previously subject to the Consulting Arrangement were received by Caligan pursuant to amounts due under the terms of the Consulting Arrangement and continue to be reported herein. (F3) Securities held by certain funds (the "Caligan Funds") and managed accounts (the "Caligan Accounts", and together with the Caligan Funds, the "Caligan Funds and Accounts") to which Caligan serves as investment manager and related entities. David Johnson ("Mr. Johnson", and together with Caligan, the "Reporting Persons") is the Managing Partner of Caligan and a Managing Member of Caligan Partners GP LLC, the general partner of Caligan. |