Form 4 for LQDA Liquidia Corp

Accepted 2026-05-20 20:51:06 ET · period of report 2026-05-19 · accession 0000902664-26-002578 · 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	2026-05-20 20:51	2026-05-19	LQDA	Caligan Partners LP	Dir, 10%, See Remarks	S - Sale	$59.98	-5,300	8.13M	-0.1%	-$317.9K
I	2026-05-20 20:51	2026-05-19	LQDA	Caligan Partners LP	Dir, 10%, See Remarks	P - Purchase	$59.98	+5,300	8.14M	+0.1%	+$317.9K

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock, $0.001 par value per share ("Common Stock")	2026-05-19	S	D	5,300	$59.98	8,133,651	I See footnote	—	—	(F2) Represents a transaction between the Caligan Funds. (F1) 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	2026-05-19	P	A	5,300	$59.98	8,138,951	I See footnote	—	—	(F2) Represents a transaction between the Caligan Funds. (F1) 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.