Lippe Robert A 4
4 · Liquidia Corp · Filed Mar 2, 2023
Insider Transaction Report
Form 4
Liquidia CorpLQDA
Lippe Robert A
Chief Operations Officer
Transactions
- Sale
Common Stock
2023-02-28$7.56/sh−2,033$15,362→ 188,524 total - Exercise/Conversion
Restricted Stock Unit
2023-02-28−6,875→ 20,625 total→ Common Stock (6,875 underlying) - Exercise/Conversion
Common Stock
2023-02-28+6,875→ 190,557 total
Footnotes (4)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F2]On January 16, 2022, the Reporting Person was granted 27,500 RSUs with 25% vesting on February 28, 2023, and the remaining RSUs will vest ratably on a quarterly basis over three years thereafter. Of those RSUs, a total of 6,875 have vested through February 28, 2023.
- [F3]Includes (i) 83,333 RSUs granted to the Reporting Person on January 11, 2023, none of which have vested as of the date of this Form 4 and (ii) 2,323 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan on February 28, 2023.
- [F4]These shares were sold to cover taxes associated with the settlement of RSUs.