Lippe Robert A 4
4 · Liquidia Corp · Filed Jun 2, 2023
Insider Transaction Report
Form 4
Liquidia CorpLQDA
Lippe Robert A
Chief Operations Officer
Transactions
- Sale
Common Stock
2023-05-31$8.08/sh−597$4,824→ 189,646 total - Exercise/Conversion
Common Stock
2023-05-31+1,719→ 190,243 total - Exercise/Conversion
Restricted Stock Unit
2023-05-31−1,719→ 18,906 total→ Common Stock (1,719 underlying)
Footnotes (5)
- [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, with the remaining RSUs vesting ratably on a quarterly basis over three years thereafter. Of those RSUs, a total of 8,594 have vested through May 31, 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) 4,241 shares previously acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.
- [F4]These shares were sold to cover taxes associated with the settlement of RSUs.
- [F5]Transaction effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on June 2, 2022.