InsiderTrades

Form 4 for LQDA Liquidia Corp

Accepted 2025-10-15 00:00:00 ET · period of report 2025-10-10 · accession 0001104659-25-099745 · 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
DM 2025-10-15 2025-10-10 LQDA Adair Jason Chief Business Off M - OptEx — +6,380 179.4K +4% —
D 2025-10-15 2025-10-13 LQDA Adair Jason Chief Business Off S - Sale+OE $23.41 -3,670 175.7K -2% -$85.9K
DM 2025-10-15 2025-10-10 LQDA Adair Jason Chief Business Off M - OptEx $0.00 -6,380 22.3K -22% $0

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#TableSecurityDateCodeA/DSharesPriceOwned afterOwnExercise / expiryUnderlyingFootnotes
1 Common Common Stock 2025-10-10 M A 3,906 — 176,886 D — — (F2) On January 11, 2023, the Reporting Person was granted 62,500 RSUs with 25% of the RSUs vesting on January 11, 2024 and the remaining RSUs vesting ratably on a quarterly basis over three years thereafter. Of those RSUs, a total of 42,969 have vested as of the date of this Form 4. (F1) Performance stock units ("PSUs") and restricted stock units ("RSUs") convert into common stock on a one-for-one basis. (F3) Includes (i) 12,500 unvested RSUs of the 25,000 RSUs granted to the Reporting Person on July 6, 2023, (ii) 22,268 unvested RSUs of the 39,588 RSUs granted to the Reporting Person on January 11, 2024, (iii) 61,895 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) 11,586 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.
2 Common Common Stock 2025-10-10 M A 2,474 — 179,360 D — — (F4) On January 11, 2024, the Reporting Person was granted 39,588 PSUs which vest upon the following time-based vesting schedule: 25% of the PSUs shall vest on January 11, 2025 and the remaining PSUs vesting ratably on a quarterly basis over three years thereafter. Of those PSUs, a total of 17,320 have vested as of the date of this Form 4. (F1) Performance stock units ("PSUs") and restricted stock units ("RSUs") convert into common stock on a one-for-one basis. (F3) Includes (i) 12,500 unvested RSUs of the 25,000 RSUs granted to the Reporting Person on July 6, 2023, (ii) 22,268 unvested RSUs of the 39,588 RSUs granted to the Reporting Person on January 11, 2024, (iii) 61,895 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) 11,586 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.
3 Common Common Stock 2025-10-13 S D 3,670 $23.41 175,690 D — — (F6) These shares of common stock were sold to cover taxes associated with the settlement of RSUs and PSUs that were initially granted to the Reporting Person on January 11, 2023 and January 11, 2024. (F3) Includes (i) 12,500 unvested RSUs of the 25,000 RSUs granted to the Reporting Person on July 6, 2023, (ii) 22,268 unvested RSUs of the 39,588 RSUs granted to the Reporting Person on January 11, 2024, (iii) 61,895 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) 11,586 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.
4 Derivative Restricted Stock Unit 2025-10-10 M D 3,906 $0.00 19,531 D — · — to — 3,906 Common Stock (F1) Performance stock units ("PSUs") and restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
5 Derivative Performance Stock Unit 2025-10-10 M D 2,474 $0.00 22,268 D — · — to — 2,474 Common Stock (F1) Performance stock units ("PSUs") and restricted stock units ("RSUs") convert into common stock on a one-for-one basis.