Adair Jason 4
4 · Liquidia Corp · Filed Apr 29, 2026
Research Summary
AI-generated summary of this filing
Liquidia (LQDA) CBO Jason Adair Sells 688 Shares
What Happened
Jason Adair, Chief Business Officer of Liquidia Corporation (LQDA), sold 688 shares of common stock on April 27, 2026 at $41.65 per share, generating proceeds of $28,655. The sale was reported on Form 4 and is coded as a sale (S); the filing notes the transaction was effected pursuant to a Rule 10b5-1 plan and was to cover taxes associated with the settlement of previously granted restricted stock units (RSUs).
Key Details
- Transaction date and price: April 27, 2026 — 688 shares sold at $41.65 per share. Total proceeds: $28,655.
- Reason/footnotes: F1 — sale executed under a Rule 10b5-1 trading plan (adopted Dec 15, 2023). F2 — shares sold to cover taxes on RSU settlement. F3 — filing discloses unvested RSU balances and ESPP shares (see below).
- Holdings after transaction: The Form 4 does not state a simple total “owned after” number; it discloses unvested RSUs and plan-held shares including: (i) 7,812 unvested RSUs from the Jul 6, 2023 grant, (ii) 17,320 unvested RSUs from the Jan 11, 2024 grant, (iii) 42,553 unvested RSUs from the Jan 11, 2025 grant, (iv) 27,683 RSUs granted Jan 16, 2026 (not yet vested), and (v) 12,023 shares acquired under the 2020 Employee Stock Purchase Plan.
- Filing timeliness: Form filed Apr 29, 2026; reported within the standard two-business-day window for Form 4 filings.
Context
This was a sale to satisfy tax withholding on vested RSUs and was executed under a pre-established 10b5-1 plan—common practices that are typically routine and do not necessarily signal a change in the insider’s view of the company. Sales are less informative than purchases about insider sentiment; no purchases, option exercises, or gifts were reported in this filing.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-04-27$41.65/sh−688$28,655→ 214,738 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 July 6, 2023.
- [F3]Includes (i) 7,812 unvested RSUs of the 25,000 RSUs granted to the Reporting Person on July 6, 2023, (ii) 17,320 unvested RSUs of the 39,588 RSUs granted to the Reporting Person on January 11, 2024, (iii) 42,553 unvested RSUs of the 61,895 RSUs granted to the Reporting Person on January 11, 2025, (iv) 27,683 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) 12,023 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.