Adair Jason 4

4 · Liquidia Corp · Filed Nov 20, 2025

Form 4

Period: 2025-11-18

Chief Business Officer

Transactions

Sale
Common Stock
2025-11-18$30.03/sh−35,656$1,070,710→ 174,998 total
Exercise/Conversion
Common Stock
2025-11-18$5.89/sh+35,291$207,864→ 210,289 total
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2025-11-18−365→ 0 total
Exercise: $5.89From: 2020-01-05Exp: 2026-01-05→ Common Stock (365 underlying)
Exercise/Conversion
Incentive Stock Option (right to buy)
2025-11-18−35,291→ 0 total
Exercise: $5.89From: 2020-01-05Exp: 2026-01-05→ Common Stock (35,291 underlying)
Exercise/Conversion
Common Stock
2025-11-18$5.89/sh+365$2,150→ 210,654 total

Footnotes (4)

[F1]Includes (i) 10,937 unvested restricted stock units ("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.
[F2]Represents 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 29, 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 $30.00 to $30.15. 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.
[F4]The option vested with 25% vesting on January 5, 2017 and the remaining options vesting ratably on a monthly basis over three years thereafter and became fully vested on January 5, 2020.

Documents

1 file