InsiderTrades

Form 4 for LQDA Liquidia Corp

Accepted 2026-04-14 17:07:57 ET · period of report 2026-04-10 · accession 0001104659-26-043271 · 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 Adair Jason Chief Business Off M - OptEx — +10.2K 222.7K +5% —
DT 2026-04-14 17:07 2026-04-13 LQDA Adair Jason Chief Business Off S - Sale+OE $38.37 -7,301 215.4K -3% -$280.1K
DMT 2026-04-14 17:07 2026-04-10 LQDA Adair Jason Chief Business Off M - OptEx $0.00 -10.2K 42.6K -19% $0

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#TableSecurityDateCodeA/DSharesPriceOwned afterOwnExercise / expiryUnderlyingFootnotes
1 Common Common Stock 2026-04-10 M A 3,906 — 216,385 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 50,781 have vested as of the date of this Form 4. (F1) Restricted stock units ("RSUs") convert into common stock on a one-for-one basis. (F3) Includes (i) 9,375 unvested RSUs of the 25,000 RSUs granted to the Reporting Person on July 6, 2023, (ii) 17,320 unvested RSUs of the 39,588 RSUs granted to the Reporting Person on January 11, 2024, (iii) 42,553 unvested RSUs of the 61,895 RSUs granted to the Reporting Person on January 11, 2025, (iv) 27,683 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) 12,023 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.
2 Common Common Stock 2026-04-10 M A 2,474 — 218,859 D — — (F5) 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 shall vest ratably on a quarterly basis over three years thereafter. Of those PSUs, a total of 22,268 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. (F3) Includes (i) 9,375 unvested RSUs of the 25,000 RSUs granted to the Reporting Person on July 6, 2023, (ii) 17,320 unvested RSUs of the 39,588 RSUs granted to the Reporting Person on January 11, 2024, (iii) 42,553 unvested RSUs of the 61,895 RSUs granted to the Reporting Person on January 11, 2025, (iv) 27,683 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) 12,023 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.
3 Common Common Stock 2026-04-10 M A 3,868 — 222,727 D — — (F6) On January 11, 2025, the Reporting Person was granted 61,895 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 19,342 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. (F3) Includes (i) 9,375 unvested RSUs of the 25,000 RSUs granted to the Reporting Person on July 6, 2023, (ii) 17,320 unvested RSUs of the 39,588 RSUs granted to the Reporting Person on January 11, 2024, (iii) 42,553 unvested RSUs of the 61,895 RSUs granted to the Reporting Person on January 11, 2025, (iv) 27,683 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) 12,023 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.
4 Common Common Stock 2026-04-13 S D 7,301 $38.37 215,426 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 and January 11, 2025. (F3) Includes (i) 9,375 unvested RSUs of the 25,000 RSUs granted to the Reporting Person on July 6, 2023, (ii) 17,320 unvested RSUs of the 39,588 RSUs granted to the Reporting Person on January 11, 2024, (iii) 42,553 unvested RSUs of the 61,895 RSUs granted to the Reporting Person on January 11, 2025, (iv) 27,683 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) 12,023 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.
5 Derivative Restricted Stock Units 2026-04-10 M D 3,906 $0.00 11,719 D — · — to — 3,906 Common Stock (F1) Restricted stock units ("RSUs") convert into common stock on a one-for-one basis. (F1) Restricted stock units ("RSUs") convert into common stock on a one-for-one basis. (F1) Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
6 Derivative Performance Stock Units 2026-04-10 M D 2,474 $0.00 17,320 D — · — to — 2,474 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.
7 Derivative Performance Stock Units 2026-04-10 M D 3,868 $0.00 42,553 D — · — to — 3,868 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.