Krepp Sarah 4
4 · Liquidia Corp · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Liquidia (LQDA) CHRO Sarah Krepp Sells 276 Shares
What Happened
Sarah Krepp, Chief Human Resources Officer of Liquidia Corporation (LQDA), sold 276 shares on March 2, 2026 at $30.58 per share, generating gross proceeds of approximately $8,440. The sale was effected under a pre-established Rule 10b5-1 trading plan and was made to cover tax withholding related to the settlement of previously granted RSUs. This was a sale (routine tax-withholding transaction), not a purchase.
Key Details
- Transaction date and price: March 2, 2026 — 276 shares at $30.58 per share (total ≈ $8,440).
- Method: Open-market/private sale under a Rule 10b5-1 plan adopted December 15, 2023 (Footnote F1).
- Reason: Shares sold to cover taxes associated with RSU settlement (Footnote F2).
- Reported holdings: Filing notes unvested RSUs from multiple grants (totaling 123,517 unvested RSUs from grants on 1/11/24, 7/1/24, 1/11/25, 7/1/25 and 1/16/26) plus 5,749 shares from the 2020 Employee Stock Purchase Plan; the filing’s full beneficial ownership total is not separately specified (Footnote F3).
- Filing timeliness: Reported on March 3, 2026 for a March 2, 2026 transaction — filed promptly.
Context
This sale appears to be a routine tax-withholding sale of company stock tied to RSU settlement rather than a discretionary divestiture. It was executed under a 10b5-1 plan, which is a pre-established trading arrangement commonly used to automate such transactions.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-03-02$30.58/sh−276$8,440→ 164,658 total
Footnotes (3)
- [F1]Transaction effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on December 15, 2023.
- [F2]These shares of common stock were sold to cover taxes associated with the settlement of restricted stock units ("RSUs") that were initially granted to the Reporting Person on January 11, 2024.
- [F3]Includes (i) 28,857 unvested RSUs of the 61,465 RSUs granted to the Reporting Person on January 11, 2024, (ii) 7,787 unvested RSUs of the 12,459 RSUs granted to the Reporting Person on July 1, 2024, (iii) 38,145 unvested RSUs of the 50,861 RSUs granted to the Reporting Person on January 11, 2025, (iv) 25,000 RSUs granted to the Reporting Person on July 1, 2025, none of which have vested as of the date of this Form 4, (v) 23,728 RSUs granted to the Reporting Person on January 16, 2026, none of which have vested as of the date of this Form 4 and (vi) 5,749 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.