Moomaw Scott 4

Accession 0001104659-26-005477

CIK 0001819576other

Filed

Jan 20, 7:00 PM ET

Accepted

Jan 21, 6:18 PM ET

Size

8.5 KB

Accession

0001104659-26-005477

AI-generated summary of this filing

Updated Jan 21, 2026

Liquidia (LQDA) CCO Scott Moomaw Receives RSU and PSU Awards

What Happened

Scott Moomaw, Chief Commercial Officer of Liquidia Corporation (LQDA), received equity awards on January 16, 2026: 32,955 restricted stock units (RSUs) and 49,433 performance stock units (PSUs). Both awards were granted at $0 per share (no cash paid) and therefore show $0 acquisition value on the Form 4. The PSUs are derivative awards that convert one-for-one into common stock if and when vesting and performance conditions are met.

Key Details

Transaction date: January 16, 2026; Form 4 filed January 21, 2026 (appears timely within the two-business-day window given the Jan 19 holiday).
Price: $0.00 per share (standard for RSU/PSU grants).
Shares owned following the grant: reporting shows beneficial ownership of 134,472 shares (this total includes unvested RSUs from prior grants and 3,527 shares from the employee stock purchase plan) plus 49,433 PSUs (derivative awards).
Vesting notes:
- RSUs: convert 1:1 to common stock. 25% vest on January 11, 2027, then 6.25% vest every three months thereafter (F1, F2).
- PSUs: convert 1:1 to common stock and vest on the same time schedule (25% on the Initial Vesting Date or, if later, the date the company files its FY2026 Form 10‑K; then 6.25% quarterly), but vesting is also contingent on a milestone tied to YUTREPIA net product sales disclosed in the FY2026 10‑K (F4, F5).
Other holdings referenced: footnote details include unvested RSUs from grants in 2023–2025 and ESPP shares (see F3).

Context

These awards are typical compensation grants for executives and are not open‑market purchases or sales. RSUs are time‑based and become common shares upon vesting; PSUs are performance‑contingent, so conversion depends on meeting specified sales milestones and timing conditions. No immediate cash changed hands and no immediate market sale occurred.

Form 4

Period: 2026-01-16

Chief Commercial Officer

Transactions

Award
Common Stock
[F1][F2][F3]
2026-01-16+32,955→ 187,469 total
Award
Performance Stock Units
[F4][F5]
2026-01-16+49,433→ 49,433 total
→ Common Stock (49,433 underlying)

Footnotes (5)

[F1]Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
[F2](i) 25% of the RSUs shall vest on January 11, 2027 (the "Initial Vesting Date") and (ii) 6.25% of the RSUs vesting every three months following the Initial Vesting Date.
[F3]Includes (i) 20,833 unvested RSUs of the 83,333 RSUs granted to the Reporting Person on January 11, 2023, (ii) 24,861 unvested RSUs of the 49,723 RSUs granted to the Reporting Person on January 11, 2024, (iii) 52,296 unvested RSUs of the 69,729 RSUs granted to the Reporting Person on January 11, 2025, (iv) 32,955 RSUs granted to the Reporting Person on January 16, 2026, none of which have vested as of the date of this Form 4 and (v) 3,527 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.
[F4]Performance stock units ("PSUs") convert into common stock on a one-for-one basis.
[F5]On January 16, 2026, the Reporting Person was granted 49,433 PSUs which vest upon the following time-based vesting schedule: (i) 25% of the PSUs shall vest on the Initial Vesting Date or, if later, the date on which the Issuer files its Form 10-K for the fiscal year ending December 31, 2026 (the "FY2026 10-K") and (ii) 6.25% of the PSUs vesting every three months following the Initial Vesting Date; so long as it satisfies the milestone-based vesting condition: the applicable percentage of the RSUs vesting based on net product sales revenue from YUTREPIA in 2026 as disclosed in the Issuer's FY2026 10-K.

Signature

/s/ Scott Moomaw|2026-01-21

1 file

Liquidia Corp

CIK 0001819576

Entity typeother