4//SEC Filing
Schundler Russell 4
Accession 0001104659-26-003369
CIK 0001819576other
Filed
Jan 12, 7:00 PM ET
Accepted
Jan 13, 4:33 PM ET
Size
14.7 KB
Accession
0001104659-26-003369
Insider Transaction Report
Form 4
Liquidia CorpLQDA
Schundler Russell
General Counsel
Transactions
- Exercise/Conversion
Common Stock
[F2][F1][F3]2026-01-09+3,759→ 581,047 total - Exercise/Conversion
Common Stock
[F4][F1][F3]2026-01-09+25,636→ 606,683 total - Sale
Common Stock
[F5][F6][F3]2026-01-12$37.43/sh−27,289$1,021,427→ 579,394 total - Exercise/Conversion
Performance Stock Units
[F1]2026-01-09−3,759→ 30,067 total→ Common Stock (3,759 underlying) - Exercise/Conversion
Performance Stock Units
[F1]2026-01-09−25,636→ 76,907 total→ Common Stock (25,636 underlying)
Holdings
- 14,500(indirect: By Spouse)
Common Stock
[F7]
Footnotes (7)
- [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 60,135 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 30,068 have vested as of the date of this Form 4.
- [F3]Includes (i) 26,042 unvested restricted stock units ("RSUs") of the 104,167 RSUs granted to the Reporting Person on January 11, 2023, (ii) 55,067 unvested RSUs of the 110,135 RSUs granted to the Reporting Person on January 11, 2024, (iii) 76,907 unvested RSUS of the 102,543 RSUs granted to the Reporting Person on January 11, 2025 and (iv) 11,869 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.
- [F4]On January 11, 2025, the Reporting Person was granted 102,543 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 25,636 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, January 11, 2024 and January 11, 2025.
- [F7]The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
Signature
/s/ Russell Schundler|2026-01-13
Documents
Issuer
Liquidia Corp
CIK 0001819576
Entity typeother
Related Parties
1- filerCIK 0001854414
Filing Metadata
- Form type
- 4
- Filed
- Jan 12, 7:00 PM ET
- Accepted
- Jan 13, 4:33 PM ET
- Size
- 14.7 KB