Moomaw Scott 4

4 · Liquidia Corp · Filed Mar 3, 2026

AI-generated summary of this filing

Updated Mar 3, 2026

Liquidia (LQDA) CCO Scott Moomaw Sells 827 Shares

What Happened

Scott Moomaw, Chief Commercial Officer of Liquidia Corporation (LQDA), had 1,875 restricted stock units (RSUs) convert into common stock on Feb 27, 2026 and had 1,875 shares withheld/surrendered to cover taxes related to that settlement (recorded as a disposition at $0). He later sold 827 shares in an open-market transaction on Mar 2, 2026 at $30.58 per share, generating $25,290 in proceeds.
The RSU conversion is recorded as an exercise/conversion of a derivative (M); the tax withholding is recorded as a disposition (F). The Mar 2 sale was an open-market sale (S) executed under a Rule 10b5-1 plan.

Key Details

Transaction dates and prices:
- Feb 27, 2026: 1,875 RSUs converted to 1,875 shares (one-for-one conversion per F1); 1,875 shares were withheld/surrendered for taxes (disposition recorded at $0).
- Mar 2, 2026: 827 shares sold open market at $30.58 each; proceeds $25,290.
Shares owned after transaction: The filing excerpt does not state a single total for common shares held. It discloses 3,964 shares from the 2020 ESPP and unvested RSU balances totaling 130,945 (see footnote F3). Footnote F2 notes 30,000 RSUs granted Jan 16, 2022 have vested as of this Form 4.
Notable footnotes: F4 — the open-market sale was effected under a Rule 10b5-1 trading plan; F5 — shares surrendered were to cover taxes on settled RSUs.
Filing timeliness: Form 4 was filed on Mar 3, 2026 for transactions occurring Feb 27 and Mar 2; this appears to meet the two-business-day filing requirement (timely).

Context

The Feb 27 activity reflects RSU settlement and a routine sell-to-cover for taxes (not a separate market sale). The Mar 2 sale was a planned open-market sale under a 10b5-1 plan. These are common mechanisms insiders use to satisfy tax obligations or follow pre-set selling plans and are not by themselves a clear signal of a change in insider sentiment.

Form 4

Period: 2026-02-27

Chief Commercial Officer

Transactions

Exercise/Conversion
Common Stock
[F2][F1][F3]
2026-02-27+1,875→ 189,781 total
Sale
Common Stock
[F4][F5][F3]
2026-03-02$30.58/sh−827$25,290→ 188,954 total
Exercise/Conversion
Restricted Stock Units
[F1]
2026-02-27−1,875→ 0 total
→ Common Stock (1,875 underlying)

Footnotes (5)

[F1]Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
[F2]On January 16, 2022, the Reporting Person was granted 30,000 RSUs with 25% of the RSUs vesting on February 28, 2023 and the remaining RSUs vesting ratably on a quarterly basis over three years thereafter. Of those RSUs, a total of 30,000 have vested as of the date of this Form 4.
[F3]Includes (i) 20,833 unvested RSUs of the 83,333 RSUs granted to the Reporting Person on January 11, 2023, (ii) 24,861 unvested RSUs of the 49,723 RSUs granted to the Reporting Person on January 11, 2024, (iii) 52,296 unvested RSUs of the 69,729 RSUs granted to the Reporting Person on January 11, 2025, (iv) 32,955 RSUs granted to the Reporting Person on January 16, 2026, none of which have vested as of the date of this Form 4 and (v) 3,964 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.
[F4]Transactions effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on June 13, 2022.
[F5]These shares of common stock were sold to cover taxes associated with the settlement of RSUs that were initially granted to the Reporting Person on January 16, 2022.

Signature

/s/ Scott Moomaw|2026-03-03

1 file