Form 4 for LQDA Liquidia Corp
Accepted 2025-11-20 00:00:00 ET · period of report 2025-11-18 · accession 0001104659-25-114634 · 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 | 2025-11-20 | 2025-11-18 | LQDA | Adair Jason | Chief Business Off | S - Sale+OE | $30.03 | -35.7K | 175.0K | -17% | -$1.07M |
| DM | 2025-11-20 | 2025-11-18 | LQDA | Adair Jason | Chief Business Off | M - OptEx | $5.89 | +35.7K | 210.3K | +20% | +$210.0K |
| DM | 2025-11-20 | 2025-11-18 | LQDA | Adair Jason | Chief Business Off | M - OptEx | $0.00 | -35.7K | 0 | -100% | $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 | 2025-11-18 | S | D | 35,656 | $30.03 | 174,998 | D | — | — | (F3) Price is the volume weighted average price of all transactions made by the Reporting Person on the transaction date for prices ranging from $30.00 to $30.15. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. (F1) Includes (i) 10,937 unvested restricted stock units ("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 | 2025-11-18 | M | A | 365 | $5.89 | 210,654 | D | — | — | (F1) Includes (i) 10,937 unvested restricted stock units ("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 | 2025-11-18 | M | A | 35,291 | $5.89 | 210,289 | D | — | — | (F1) Includes (i) 10,937 unvested restricted stock units ("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 | Non-Qualified Stock Option (right to buy) | 2025-11-18 | M | D | 365 | $0.00 | 0 | D | $5.89 · 2020-01-05 to 2026-01-05 | 365 Common Stock | (F4) The option vested with 25% vesting on January 5, 2017 and the remaining options vesting ratably on a monthly basis over three years thereafter and became fully vested on January 5, 2020. |
| 5 | Derivative | Incentive Stock Option (right to buy) | 2025-11-18 | M | D | 35,291 | $0.00 | 0 | D | $5.89 · 2020-01-05 to 2026-01-05 | 35,291 Common Stock | (F4) The option vested with 25% vesting on January 5, 2017 and the remaining options vesting ratably on a monthly basis over three years thereafter and became fully vested on January 5, 2020. |