Form 4 for LQDA Liquidia Corp
Accepted 2026-04-13 17:47:21 ET · period of report 2026-04-09 · accession 0001104659-26-042710 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMT | 2026-04-13 17:47 | 2026-04-09 | LQDA | Kaseta Michael | CFO, COO | M - OptEx | $2.80 | +133.8K | 545.6K | +32% | +$374.0K |
| DT | 2026-04-13 17:47 | 2026-04-09 | LQDA | Kaseta Michael | CFO, COO | S - Sale+OE | $40.24 | -133.8K | 411.9K | -25% | -$5.38M |
| DMT | 2026-04-13 17:47 | 2026-04-09 | LQDA | Kaseta Michael | CFO, COO | M - OptEx | $0.00 | -133.8K | 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 | 2026-04-09 | M | A | 19,042 | $2.79 | 430,897 | D | — | — | (F1) Includes (i) 31,167 unvested RSUs of the 124,667 RSUs granted to the Reporting Person on January 11, 2023, (ii) 46,625 unvested RSUs and 25,000 unvested RSUs of the 93,250 RSUs and 50,000 RSUs granted to the Reporting Person on January 11, 2024 and January 15, 2024, respectively, (iii) 84,597 unvested RSUs of the 112,797 RSUs granted to the Reporting Person on January 11, 2025, (iv) 59,320 RSUs granted to the Reporting Person on January 16, 2026, none of which have vested as of the date of this Form 4 and (v) 11,694 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan. |
| 2 | Common | Common Stock | 2026-04-09 | M | A | 86,632 | $2.79 | 517,529 | D | — | — | (F1) Includes (i) 31,167 unvested RSUs of the 124,667 RSUs granted to the Reporting Person on January 11, 2023, (ii) 46,625 unvested RSUs and 25,000 unvested RSUs of the 93,250 RSUs and 50,000 RSUs granted to the Reporting Person on January 11, 2024 and January 15, 2024, respectively, (iii) 84,597 unvested RSUs of the 112,797 RSUs granted to the Reporting Person on January 11, 2025, (iv) 59,320 RSUs granted to the Reporting Person on January 16, 2026, none of which have vested as of the date of this Form 4 and (v) 11,694 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan. |
| 3 | Common | Common Stock | 2026-04-09 | M | A | 18,115 | $2.97 | 535,644 | D | — | — | (F1) Includes (i) 31,167 unvested RSUs of the 124,667 RSUs granted to the Reporting Person on January 11, 2023, (ii) 46,625 unvested RSUs and 25,000 unvested RSUs of the 93,250 RSUs and 50,000 RSUs granted to the Reporting Person on January 11, 2024 and January 15, 2024, respectively, (iii) 84,597 unvested RSUs of the 112,797 RSUs granted to the Reporting Person on January 11, 2025, (iv) 59,320 RSUs granted to the Reporting Person on January 16, 2026, none of which have vested as of the date of this Form 4 and (v) 11,694 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan. |
| 4 | Common | Common Stock | 2026-04-09 | M | A | 728 | $2.54 | 536,372 | D | — | — | (F1) Includes (i) 31,167 unvested RSUs of the 124,667 RSUs granted to the Reporting Person on January 11, 2023, (ii) 46,625 unvested RSUs and 25,000 unvested RSUs of the 93,250 RSUs and 50,000 RSUs granted to the Reporting Person on January 11, 2024 and January 15, 2024, respectively, (iii) 84,597 unvested RSUs of the 112,797 RSUs granted to the Reporting Person on January 11, 2025, (iv) 59,320 RSUs granted to the Reporting Person on January 16, 2026, none of which have vested as of the date of this Form 4 and (v) 11,694 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan. |
| 5 | Common | Common Stock | 2026-04-09 | M | A | 9,272 | $2.54 | 545,644 | D | — | — | (F1) Includes (i) 31,167 unvested RSUs of the 124,667 RSUs granted to the Reporting Person on January 11, 2023, (ii) 46,625 unvested RSUs and 25,000 unvested RSUs of the 93,250 RSUs and 50,000 RSUs granted to the Reporting Person on January 11, 2024 and January 15, 2024, respectively, (iii) 84,597 unvested RSUs of the 112,797 RSUs granted to the Reporting Person on January 11, 2025, (iv) 59,320 RSUs granted to the Reporting Person on January 16, 2026, none of which have vested as of the date of this Form 4 and (v) 11,694 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan. |
| 6 | Common | Common Stock | 2026-04-09 | S | D | 133,789 | $40.24 | 411,855 | D | — | — | (F2) Represents the subsequent sale of the underlying shares from the exercise of stock options reported on this Form 4. Transaction effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on November 5, 2025. (F3) Price is the volume weighted average price of all transactions made by the Reporting Person on the transaction date for prices ranging from $40.00 to $40.50. 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) 31,167 unvested RSUs of the 124,667 RSUs granted to the Reporting Person on January 11, 2023, (ii) 46,625 unvested RSUs and 25,000 unvested RSUs of the 93,250 RSUs and 50,000 RSUs granted to the Reporting Person on January 11, 2024 and January 15, 2024, respectively, (iii) 84,597 unvested RSUs of the 112,797 RSUs granted to the Reporting Person on January 11, 2025, (iv) 59,320 RSUs granted to the Reporting Person on January 16, 2026, none of which have vested as of the date of this Form 4 and (v) 11,694 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan. |
| 7 | Derivative | Incentive Stock Option (right to buy) | 2026-04-09 | M | D | 19,042 | $0.00 | 124,326 | D | $2.79 · 2024-11-30 to 2030-11-30 | 19,042 Common Stock | (F4) The option vested over a four-year period with 25% vesting on November 30, 2021 and the remaining 75% vesting ratably on a monthly basis over three years thereafter and became fully vested on November 30, 2024. |
| 8 | Derivative | Non-Qualified Stock Option (right to buy) | 2026-04-09 | M | D | 86,632 | $0.00 | 0 | D | $2.79 · 2024-11-30 to 2030-11-30 | 86,632 Common Stock | (F4) The option vested over a four-year period with 25% vesting on November 30, 2021 and the remaining 75% vesting ratably on a monthly basis over three years thereafter and became fully vested on November 30, 2024. |
| 9 | Derivative | Non-Qualified Stock Option (right to buy) | 2026-04-09 | M | D | 18,115 | $0.00 | 0 | D | $2.97 · 2025-01-19 to 2031-11-19 | 18,115 Common Stock | (F5) The option vested ratably on a monthly basis over a four-year period and became fully vested on January 19, 2025. |
| 10 | Derivative | Incentive Stock Option (right to buy) | 2026-04-09 | M | D | 728 | $0.00 | 0 | D | $2.54 · 2025-07-21 to 2031-07-21 | 728 Common Stock | (F6) 50% of the shares underlying the option vested on November 5, 2021 upon achievement of the acceleration event related to the Issuer's receipt of tentative approval from FDA of the Issuer's New Drug Application for YUTREPIA, 12.5% of the shares underlying the option vested on July 21, 2022 and the remaining shares vest in 36 monthly installments thereafter such that the option became fully vested on July 21, 2025. |
| 11 | Derivative | Non-Qualified Stock Option (right to buy) | 2026-04-09 | M | D | 9,272 | $0.00 | 0 | D | $2.54 · 2025-07-21 to 2031-07-21 | 9,272 Common Stock | (F6) 50% of the shares underlying the option vested on November 5, 2021 upon achievement of the acceleration event related to the Issuer's receipt of tentative approval from FDA of the Issuer's New Drug Application for YUTREPIA, 12.5% of the shares underlying the option vested on July 21, 2022 and the remaining shares vest in 36 monthly installments thereafter such that the option became fully vested on July 21, 2025. |