Khindri Sanjeev 4

What Happened

• Sanjeev Khindri, Chief Development Officer of Liquidia Corp (LQDA), received an award of 34,274 restricted stock units (RSUs) on January 16, 2026. The grant is reported at $0.00 per unit (typical for RSU grants — the dollar amount is not a cash purchase). None of these 34,274 RSUs had vested as of the Form 4 filing.

Key Details

• Transaction date and type: 2026-01-16 — Award/Grant (code A); reported price $0.00 per RSU.
• Holdings after transaction: filing notes 36,992 previously granted RSUs (Feb 10, 2025) plus the new 34,274 RSUs — a total of 71,266 unvested RSUs as of the filing. (The filing does not disclose total common shares owned.)
• Vesting: RSUs convert 1-for-1 into common stock (F1). Vesting schedule (F2): 25% vests on Jan 11, 2027, then 6.25% vests every three months thereafter.
• Footnote context (F3): 36,992 RSUs from Feb 10, 2025 and the 34,274 RSUs in this grant are all unvested as of the Form 4 date.
• Filing timeliness: Transaction occurred 2026-01-16; Form 4 filed 2026-01-21 — later than the usual 2-business-day reporting window, which could be a reporting delinquency.

Context

• RSU grants are compensation awards that convert to shares only as they vest; they are not an open-market purchase or sale and therefore do not directly signal immediate insider buying or selling. These RSUs are subject to a multi-step vesting schedule, so the shares are not available to sell until they vest.