Earnings Feed
Start Free
Liquidia Corp·4

Apr 14, 5:07 PM ET

Boyle Dana 4

Research Summary

AI-generated summary

Updated

Liquidia (LQDA) Chief Accounting Officer Dana Boyle Sells 5,101 Shares

What Happened

  • Dana Boyle, Liquidia’s Chief Accounting Officer, converted 3,179 performance-based units into 3,179 shares on April 10, 2026 (derivative exercise/conversion). On April 13, 2026 she sold 5,101 shares in an open-market transaction at $38.37 per share, generating proceeds of approximately $195,725.
  • The April 10 conversion was a PSU/derivative settlement (reported as code M). The subsequent sale appears to have been to cover taxes associated with RSU/PSU settlements (see footnote) and was executed under a Rule 10b5-1 plan.

Key Details

  • Transaction dates and prices:
    • 2026-04-10: Conversion/exercise of 3,179 PSUs into 3,179 shares (derivative, $0.00 per-share exercise price reported).
    • 2026-04-13: Open-market sale of 5,101 shares at $38.37 each; total proceeds ≈ $195,725.
  • Shares owned after transaction: Not specified in the provided filing excerpt.
  • Notable footnotes:
    • PSUs convert 1:1 into common stock (F1).
    • The Reporting Person was granted 50,861 PSUs on Jan 11, 2025 with a time-based vesting schedule; 15,895 of those PSUs had vested as of this Form 4 (F2).
    • The filing lists multiple unvested RSU awards and 3,964 ESPP shares still held (F3).
    • The sale was effected pursuant to a Rule 10b5-1 plan adopted Dec 15, 2023 (F4).
    • The shares sold were used to cover taxes from RSU/PSU settlements (F5).
  • Timeliness: Form 4 was filed on 2026-04-14 reporting transactions on 2026-04-10 and 2026-04-13; the filing is within the standard reporting window (no late-filing indication in the excerpt).

Context

  • The April 10 transaction was a conversion/settlement of performance stock units (not a cash purchase); the PSUs converted into common shares on a one-for-one basis.
  • The April 13 sale was a routine sale under a pre-established 10b5-1 plan and was used to satisfy tax withholding obligations tied to equity settlements—these types of sales are common and do not necessarily signal a change in insider conviction.
  • Purchases are generally more informative about insider sentiment; this filing documents a conversion plus a tax-cover sale rather than a fresh buy.