Form 4 for LQDA Liquidia Corp
Accepted 2026-04-14 17:07:09 ET · period of report 2026-04-10 · accession 0001104659-26-043269 · 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 | 2026-04-14 17:07 | 2026-04-10 | LQDA | Kaseta Michael | CFO, COO | M - OptEx | $2.79 | +36.7K | 424.7K | +9% | +$102.4K |
| DMT | 2026-04-14 17:07 | 2026-04-10+ | LQDA | Kaseta Michael | CFO, COO | S - Sale+OE | $39.36 | -42.8K | 405.8K | -10% | -$1.68M |
| DMT | 2026-04-14 17:07 | 2026-04-10 | LQDA | Kaseta Michael | CFO, COO | M - OptEx | $0.00 | -36.7K | 77.5K | -32% | $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 | 2026-04-10 | M | A | 23,821 | $2.79 | 435,676 | D | — | — | (F1) Includes (i) 23,375 unvested restricted stock units ("RSUs") of the 124,667 RSUs granted to the Reporting Person on January 11, 2023, (ii) 40,797 unvested RSUs and 21,875 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) 77,547 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 | 2026-04-10 | S | D | 23,821 | $40.14 | 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 $40.62. 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) 23,375 unvested restricted stock units ("RSUs") of the 124,667 RSUs granted to the Reporting Person on January 11, 2023, (ii) 40,797 unvested RSUs and 21,875 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) 77,547 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 | 2026-04-10 | M | A | 5,828 | — | 417,683 | D | — | — | (F5) On January 11, 2024, the Reporting Person was granted 93,250 PSUs with 25% of the RSUs vesting on January 11, 2025 and the remaining RSUs vesting ratably on a quarterly basis over three years thereafter. Of those RSUs, a total of 52,453 have vested as of the date of this Form 4. (F4) Performance stock units ("PSUs") convert into common stock on a one-for-one basis (F1) Includes (i) 23,375 unvested restricted stock units ("RSUs") of the 124,667 RSUs granted to the Reporting Person on January 11, 2023, (ii) 40,797 unvested RSUs and 21,875 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) 77,547 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 | 2026-04-10 | M | A | 7,050 | — | 424,733 | D | — | — | (F6) On January 11, 2025, the Reporting Person was granted 112,797 PSUs with 25% of the RSUs vesting on January 11, 2026 and the remaining RSUs vesting ratably on a quarterly basis over three years thereafter. Of those RSUs, a total of 35,250 have vested as of the date of this Form 4. (F4) Performance stock units ("PSUs") convert into common stock on a one-for-one basis (F1) Includes (i) 23,375 unvested restricted stock units ("RSUs") of the 124,667 RSUs granted to the Reporting Person on January 11, 2023, (ii) 40,797 unvested RSUs and 21,875 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) 77,547 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 | 2026-04-13 | S | D | 18,958 | $38.37 | 405,775 | D | — | — | (F7) Transaction effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on December 15, 2023. (F8) 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, January 11, 2024, January 15, 2024 and January 11, 2025. (F1) Includes (i) 23,375 unvested restricted stock units ("RSUs") of the 124,667 RSUs granted to the Reporting Person on January 11, 2023, (ii) 40,797 unvested RSUs and 21,875 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) 77,547 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 | Derivative | Incentive Stock Option (right to buy) | 2026-04-10 | M | D | 23,821 | $0.00 | 100,505 | D | $2.79 · 2024-11-30 to 2030-11-30 | 23,821 Common Stock | (F9) 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. |
| 7 | Derivative | Performance Stock Units | 2026-04-10 | M | D | 5,828 | $0.00 | 40,797 | D | — · — to — | 5,828 Common Stock | (F4) Performance stock units ("PSUs") convert into common stock on a one-for-one basis (F4) Performance stock units ("PSUs") convert into common stock on a one-for-one basis (F4) Performance stock units ("PSUs") convert into common stock on a one-for-one basis |
| 8 | Derivative | Performance Stock Units | 2026-04-10 | M | D | 7,050 | $0.00 | 77,547 | D | — · — to — | 7,050 Common Stock | (F4) Performance stock units ("PSUs") convert into common stock on a one-for-one basis (F4) Performance stock units ("PSUs") convert into common stock on a one-for-one basis (F4) Performance stock units ("PSUs") convert into common stock on a one-for-one basis |