4//SEC Filing
Saggar Rajeev 4
Accession 0001104659-26-003361
CIK 0001819576other
Filed
Jan 12, 7:00 PM ET
Accepted
Jan 13, 4:31 PM ET
Size
13.8 KB
Accession
0001104659-26-003361
Insider Transaction Report
Form 4
Liquidia CorpLQDA
Saggar Rajeev
Chief Medical Officer
Transactions
- Exercise/Conversion
Common Stock
[F2][F1][F3]2026-01-09+3,531→ 180,080 total - Exercise/Conversion
Common Stock
[F4][F1][F3]2026-01-09+17,945→ 198,025 total - Sale
Common Stock
[F5][F6][F3]2026-01-12$37.43/sh−21,142$791,345→ 176,883 total - Exercise/Conversion
Performance Stock Units
[F1]2026-01-09−3,531→ 28,246 total→ Common Stock (3,531 underlying) - Exercise/Conversion
Performance Stock Units
[F1]2026-01-09−17,945→ 53,835 total→ Common Stock (17,945 underlying)
Footnotes (6)
- [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 following time-based vesting schedule: 25% of the PSUs shall vest on January 11, 2025 and the remaining PSUs shall vest ratably on a quarterly basis over three years thereafter. Of those PSUs, a total of 28,246 have vested as of the date of this Form 4.
- [F3]Includes (i) 20,833 unvested restricted stock units ("RSUs") of the 83,333 RSUs granted to the Reporting Person on January 11, 2023, (ii) 28,246 unvested RSUs of the 56,492 RSUs granted to the Reporting Person on January 11, 2024, (iii) 53,835 unvested RSUs of the 71,780 RSUs granted to the Reporting Person on January 11, 2025 and (iv) 2,221 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.
- [F4]On January 11, 2025, the Reporting Person was granted 71,780 PSUs which vest upon the following time-based vesting schedule: 25% of the PSUs shall vest on January 11, 2026 and the remaining PSUs shall vest ratably on a quarterly basis over three years thereafter. Of those PSUs, a total of 17,945 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 that were initially granted to the Reporting Person on January 11, 2023, January 11, 2024 and January 11, 2025.
Signature
/s/ Dr. Rajeev Saggar|2026-01-13
Documents
Issuer
Liquidia Corp
CIK 0001819576
Entity typeother
Related Parties
1- filerCIK 0001935638
Filing Metadata
- Form type
- 4
- Filed
- Jan 12, 7:00 PM ET
- Accepted
- Jan 13, 4:31 PM ET
- Size
- 13.8 KB