4//SEC Filing
Adair Jason 4
Accession 0001104659-25-099745
CIK 0001819576other
Filed
Oct 14, 8:00 PM ET
Accepted
Oct 15, 4:31 PM ET
Size
13.8 KB
Accession
0001104659-25-099745
Insider Transaction Report
Form 4
Liquidia CorpLQDA
Adair Jason
Chief Business Officer
Transactions
- Exercise/Conversion
Common Stock
2025-10-10+3,906→ 176,886 total - Exercise/Conversion
Restricted Stock Unit
2025-10-10−3,906→ 19,531 total→ Common Stock (3,906 underlying) - Exercise/Conversion
Performance Stock Unit
2025-10-10−2,474→ 22,268 total→ Common Stock (2,474 underlying) - Exercise/Conversion
Common Stock
2025-10-10+2,474→ 179,360 total - Sale
Common Stock
2025-10-13$23.41/sh−3,670$85,915→ 175,690 total
Footnotes (6)
- [F1]Performance stock units ("PSUs") and restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
- [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 42,969 have vested as of the date of this Form 4.
- [F3]Includes (i) 12,500 unvested RSUs of the 25,000 RSUs granted to the Reporting Person on July 6, 2023, (ii) 22,268 unvested RSUs of the 39,588 RSUs granted to the Reporting Person on January 11, 2024, (iii) 61,895 RSUs granted to the Reporting Person on January 11, 2025, none of which have vested as of the date of this Form 4 and (iv) 11,586 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.
- [F4]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 vesting ratably on a quarterly basis over three years thereafter. Of those PSUs, a total of 17,320 have vested as of the date of this Form 4.
- [F5]Transaction effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on December 15, 2023.
- [F6]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 and January 11, 2024.
Documents
Issuer
Liquidia Corp
CIK 0001819576
Entity typeother
Related Parties
1- filerCIK 0001747055
Filing Metadata
- Form type
- 4
- Filed
- Oct 14, 8:00 PM ET
- Accepted
- Oct 15, 4:31 PM ET
- Size
- 13.8 KB