4//SEC Filing
Saggar Rajeev 4
Accession 0001104659-25-056855
CIK 0001819576other
Filed
Jun 4, 8:00 PM ET
Accepted
Jun 5, 4:19 PM ET
Size
9.9 KB
Accession
0001104659-25-056855
Insider Transaction Report
Form 4
Liquidia CorpLQDA
Saggar Rajeev
Chief Medical Officer
Transactions
- Exercise/Conversion
Common Stock
2025-06-03+17,654→ 280,806 total - Sale
Common Stock
2025-06-04$16.97/sh−7,597$128,921→ 273,209 total - Exercise/Conversion
Performance Stock Units
2025-06-03−17,654→ 38,838 total→ Common Stock (17,654 underlying)
Footnotes (5)
- [F1]Performance stock units ("PSUs") convert into common stock on a one-for-one basis.
- [F2]On January 11, 2024, the Reporting Person was granted 56,492 PSUs which vest upon the later of (A) the following time-based vesting schedule: 25% of the PSUs shall vest on January 11, 2025 and the remaining PSUs vesting ratably on a quarterly basis over three years thereafter and (B) the first commercial sale of YUTREPIA by the Issuer. Of those PSUs, a total of 17,654 have vested through June 3, 2025.
- [F3]Includes (i) 5,865 unvested restricted stock units ("RSUs") of the 93,834 RSUs granted to the Reporting Person on July 18, 2022, (ii) 36,458 unvested RSUs of the 83,333 RSUs granted to the Reporting Person on January 11, 2023, (iii) 38,838 unvested RSUs of the 56,492 RSUs granted to the Reporting Person on January 11, 2024, (iv) 71,780 RSUs granted to the Reporting Person on January 11, 2025, none of which have vested, and (v) 6,291 shares of common stock acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.
- [F4]Transaction effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on December 15, 2023.
- [F5]These shares were sold to cover taxes associated with the settlement of PSUs that were initially granted to the Reporting Person on January 11, 2024.
Documents
Issuer
Liquidia Corp
CIK 0001819576
Entity typeother
Related Parties
1- filerCIK 0001935638
Filing Metadata
- Form type
- 4
- Filed
- Jun 4, 8:00 PM ET
- Accepted
- Jun 5, 4:19 PM ET
- Size
- 9.9 KB