Form 4 for LQDA Liquidia Corp
Accepted 2026-08-25 16:30:54 ET · period of report 2026-08-21 · accession 0001104659-26-100826 · 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 | 2026-08-25 16:30 | 2026-08-21 | LQDA | Adair Jason | Chief Business Off | M - OptEx | $11.00 | +31.8K | 248.2K | +15% | +$349.8K |
| DMT | 2026-08-25 16:30 | 2026-08-21 | LQDA | Adair Jason | Chief Business Off | S - Sale+OE | $69.09 | -73.6K | 174.6K | -30% | -$5.09M |
| DMT | 2026-08-25 16:30 | 2026-08-21 | LQDA | Adair Jason | Chief Business Off | M - OptEx | $0.00 | -31.8K | 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 | 2026-08-21 | M | A | 9,000 | $9.31 | 225,438 | D | — | — | (F1) Includes (i) 6,250 unvested restricted stock units ("RSUs") of the 25,000 RSUs granted to the Reporting Person on July 6, 2023, (ii) 14,845 unvested RSUs of the 39,588 RSUs granted to the Reporting Person on January 11, 2024, (iii) 38,684 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 | 2026-08-21 | M | A | 11,799 | $9.31 | 237,237 | D | — | — | (F1) Includes (i) 6,250 unvested restricted stock units ("RSUs") of the 25,000 RSUs granted to the Reporting Person on July 6, 2023, (ii) 14,845 unvested RSUs of the 39,588 RSUs granted to the Reporting Person on January 11, 2024, (iii) 38,684 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 | 2026-08-21 | M | A | 10,762 | $14.20 | 247,999 | D | — | — | (F1) Includes (i) 6,250 unvested restricted stock units ("RSUs") of the 25,000 RSUs granted to the Reporting Person on July 6, 2023, (ii) 14,845 unvested RSUs of the 39,588 RSUs granted to the Reporting Person on January 11, 2024, (iii) 38,684 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 | 2026-08-21 | M | A | 238 | $14.20 | 248,237 | D | — | — | (F1) Includes (i) 6,250 unvested restricted stock units ("RSUs") of the 25,000 RSUs granted to the Reporting Person on July 6, 2023, (ii) 14,845 unvested RSUs of the 39,588 RSUs granted to the Reporting Person on January 11, 2024, (iii) 38,684 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 | Common | Common Stock | 2026-08-21 | S | D | 31,799 | $69.09 | 216,438 | D | — | — | (F2) Includes 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 May 22, 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 $68.05 to $71.13. 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) 6,250 unvested restricted stock units ("RSUs") of the 25,000 RSUs granted to the Reporting Person on July 6, 2023, (ii) 14,845 unvested RSUs of the 39,588 RSUs granted to the Reporting Person on January 11, 2024, (iii) 38,684 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. |
| 6 | Common | Common Stock | 2026-08-21 | S | D | 41,832 | $69.09 | 174,606 | D | — | — | (F4) Transaction effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on May 22, 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 $68.05 to $71.13. 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) 6,250 unvested restricted stock units ("RSUs") of the 25,000 RSUs granted to the Reporting Person on July 6, 2023, (ii) 14,845 unvested RSUs of the 39,588 RSUs granted to the Reporting Person on January 11, 2024, (iii) 38,684 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. |
| 7 | Derivative | Non-Qualified Stock Option (right to buy) | 2026-08-21 | M | D | 9,000 | $0.00 | 0 | D | $9.31 · 2022-03-07 to 2028-03-07 | 9,000 Common Stock | (F5) The option vested in 48 equal monthly installments and became fully vested on March 7, 2022. |
| 8 | Derivative | Incentive Stock Option (right to buy) | 2026-08-21 | M | D | 11,799 | $0.00 | 0 | D | $9.31 · 2022-03-07 to 2028-03-07 | 11,799 Common Stock | (F5) The option vested in 48 equal monthly installments and became fully vested on March 7, 2022. |
| 9 | Derivative | Incentive Stock Option (right to buy) | 2026-08-21 | M | D | 10,762 | $0.00 | 0 | D | $14.20 · 2023-02-05 to 2029-02-05 | 10,762 Common Stock | (F6) The option vested in 48 equal monthly installments and became fully vested on February 5, 2023. |
| 10 | Derivative | Non-Qualified Stock Option (right to buy) | 2026-08-21 | M | D | 238 | $0.00 | 0 | D | $14.20 · 2023-02-05 to 2029-02-05 | 238 Common Stock | (F6) The option vested in 48 equal monthly installments and became fully vested on February 5, 2023. |