Krepp Sarah 4

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.