Boyle Dana 4

What Happened
Dana Boyle, Liquidia Corporation’s Chief Accounting Officer, sold 1,580 shares of LQDA common stock on January 26, 2026 at $41.65 per share, generating $65,807. The filing indicates the sale was executed under a preexisting Rule 10b5‑1 trading plan and the shares were sold to cover taxes related to the settlement of restricted stock units (RSUs).

Key Details

• Transaction date and price: Jan 26, 2026 — 1,580 shares sold at $41.65 per share (total proceeds $65,807).
• Transaction type: Sale (S); effected pursuant to a Rule 10b5‑1 plan (Footnote F1).
• Reason for sale: Shares sold to cover taxes associated with RSU settlement (Footnote F2).
• Report filing date: Jan 28, 2026 — appears timely (filed within the two-business-day window).
• Holdings noted in the filing (Footnote F3): includes multiple unvested RSU grants (totaling many tens of thousands across 2022–2026 grants) and 3,527 shares acquired under the 2020 Employee Stock Purchase Plan. The filing does not state a single consolidated “shares owned after transaction” total in the provided text.

Context

• Sales to cover tax withholding on vested RSUs are routine administrative transactions and, when done under a 10b5‑1 plan, are prearranged; they are not a clear signal of the insider’s view on the company’s prospects.
• Because this was a sale (not a purchase or exercise), it typically provides less informational value about the insider’s sentiment than a direct open‑market purchase.