InsiderTrades

Form 4 for LQDA Liquidia Corp

Accepted 2026-01-13 00:00:00 ET · period of report 2026-01-09 · accession 0001104659-26-003361 · 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 2026-01-13 2026-01-09 LQDA Saggar Rajeev Chief Medical Off M - OptEx — +21.5K 198.0K +12% —
D 2026-01-13 2026-01-12 LQDA Saggar Rajeev Chief Medical Off S - Sale+OE $37.43 -21.1K 176.9K -11% -$791.3K
DM 2026-01-13 2026-01-09 LQDA Saggar Rajeev Chief Medical Off M - OptEx $0.00 -21.5K 53.8K -29% $0

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#TableSecurityDateCodeA/DSharesPriceOwned afterOwnExercise / expiryUnderlyingFootnotes
1 Common Common Stock 2026-01-09 M A 3,531 — 180,080 D — — (F2) On January 11, 2024, the Reporting Person was granted 56,492 PSUs which vest upon 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. Of those PSUs, a total of 28,246 have vested as of the date of this Form 4. (F1) Performance stock units ("PSUs") convert into common stock on a one-for-one basis. (F3) Includes (i) 20,833 unvested restricted stock units ("RSUs") of the 83,333 RSUs granted to the Reporting Person on January 11, 2023, (ii) 28,246 unvested RSUs of the 56,492 RSUs granted to the Reporting Person on January 11, 2024, (iii) 53,835 unvested RSUs of the 71,780 RSUs granted to the Reporting Person on January 11, 2025 and (iv) 2,221 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.
2 Common Common Stock 2026-01-09 M A 17,945 — 198,025 D — — (F4) On January 11, 2025, the Reporting Person was granted 71,780 PSUs which vest upon the following time-based vesting schedule: 25% of the PSUs shall vest on January 11, 2026 and the remaining PSUs shall vest ratably on a quarterly basis over three years thereafter. Of those PSUs, a total of 17,945 have vested as of the date of this Form 4. (F1) Performance stock units ("PSUs") convert into common stock on a one-for-one basis. (F3) Includes (i) 20,833 unvested restricted stock units ("RSUs") of the 83,333 RSUs granted to the Reporting Person on January 11, 2023, (ii) 28,246 unvested RSUs of the 56,492 RSUs granted to the Reporting Person on January 11, 2024, (iii) 53,835 unvested RSUs of the 71,780 RSUs granted to the Reporting Person on January 11, 2025 and (iv) 2,221 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.
3 Common Common Stock 2026-01-12 S D 21,142 $37.43 176,883 D — — (F6) These shares of common stock were sold to cover taxes associated with the settlement of RSUs that were initially granted to the Reporting Person on January 11, 2023, January 11, 2024 and January 11, 2025. (F3) Includes (i) 20,833 unvested restricted stock units ("RSUs") of the 83,333 RSUs granted to the Reporting Person on January 11, 2023, (ii) 28,246 unvested RSUs of the 56,492 RSUs granted to the Reporting Person on January 11, 2024, (iii) 53,835 unvested RSUs of the 71,780 RSUs granted to the Reporting Person on January 11, 2025 and (iv) 2,221 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.
4 Derivative Performance Stock Units 2026-01-09 M D 3,531 $0.00 28,246 D — · — to — 3,531 Common Stock (F1) Performance stock units ("PSUs") convert into common stock on a one-for-one basis.
5 Derivative Performance Stock Units 2026-01-09 M D 17,945 $0.00 53,835 D — · — to — 17,945 Common Stock (F1) Performance stock units ("PSUs") convert into common stock on a one-for-one basis.