Boyle Dana 4

What Happened
Dana Boyle, Chief Accounting Officer of Liquidia Corp (LQDA), disposed of 445 shares on March 2, 2026. The shares were sold at $30.58 each for proceeds of $13,608. This was a sale (not a purchase) and appears to be a routine transaction to satisfy tax withholding from an earlier RSU settlement.

Key Details

• Transaction date: March 2, 2026; Form 4 filed March 3, 2026 (timely filing).
• Trade: Open market/private sale (Code S) — 445 shares at $30.58, total $13,608.
• Reason: Shares sold to cover taxes associated with the settlement of RSUs granted January 16, 2022 (per footnote).
• Plan: Transaction effected pursuant to a Rule 10b5-1 trading plan adopted June 3, 2022.
• Holdings noted on the Form: footnote lists 127,915 unvested RSUs across multiple grants (2023–2026) and 3,964 shares from the 2020 Employee Stock Purchase Plan.
• Filing status: Not indicated as late.

Context

• This sale was for tax withholding on RSU settlement (routine/administrative), not necessarily a signal of a change in insider sentiment.
• The transaction was executed under a pre-established 10b5-1 plan, which schedules trades in advance and is commonly used to avoid timing concerns.