Form 4 for LQDA Liquidia Corp
Accepted 2025-06-05 00:00:00 ET · period of report 2025-06-03 · accession 0001104659-25-056856 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-06-05 | 2025-06-03 | LQDA | Schundler Russell | GC | M - OptEx | — | +18.8K | 590.5K | +3% | — |
| D | 2025-06-05 | 2025-06-04 | LQDA | Schundler Russell | GC | S - Sale+OE | $16.97 | -8,460 | 582.1K | -1% | -$143.6K |
| D | 2025-06-05 | 2025-06-03 | LQDA | Schundler Russell | GC | M - OptEx | $0.00 | -18.8K | 41.3K | -31% | $0 |
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 | 2025-06-03 | M | A | 18,792 | — | 590,514 | D | — | — | (F2) On January 11, 2024, the Reporting Person was granted 60,135 PSUs which vest upon the later of (A) the following time-based vesting schedule: 25% of the PSUs shall vest on January 11, 2025 and the remaining PSUs shall vest ratably on a quarterly basis over three years thereafter and (B) the first commercial sale of YUTREPIA by the Issuer. Of those PSUs, a total of 18,792 have vested through June 3, 2025. (F1) Performance stock units ("PSUs") convert into common stock on a one-for-one basis. (F3) Includes (i) 45,573 unvested restricted stock units ("RSUs") of the 104,167 RSUs granted to the Reporting Person on January 11, 2023, (ii) 75,718 unvested RSUs of the 110,135 RSUs granted to the Reporting Person on January 11, 2024, (iii) 102,543 RSUs granted to the Reporting Person on January 11, 2025, none of which have vested as of the date of this Form 4 and (iv) 11,029 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan. |
| 2 | Common | Common Stock | 2025-06-04 | S | D | 8,460 | $16.97 | 582,054 | D | — | — | (F5) These shares of common stock were sold to cover taxes associated with the settlement of PSUs that were initially granted to the Reporting Person on January 11, 2024. (F3) Includes (i) 45,573 unvested restricted stock units ("RSUs") of the 104,167 RSUs granted to the Reporting Person on January 11, 2023, (ii) 75,718 unvested RSUs of the 110,135 RSUs granted to the Reporting Person on January 11, 2024, (iii) 102,543 RSUs granted to the Reporting Person on January 11, 2025, none of which have vested as of the date of this Form 4 and (iv) 11,029 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan. |
| 3 | Derivative | Performance Stock Units | 2025-06-03 | M | D | 18,792 | $0.00 | 41,343 | D | — · — to — | 18,792 Common Stock | (F1) Performance stock units ("PSUs") convert into common stock on a one-for-one basis. |