Khindri Sanjeev 4

What Happened

• Sanjeev Khindri, Chief Development Officer of Liquidia Corp (LQDA), sold 4,134 shares on June 8, 2026 at $65.46 per share, for total proceeds of $270,612. The Form 4 lists the transaction as a sale (S) effected in the open market or private sale.
• Footnotes indicate the sale was made under a Rule 10b5-1 trading plan adopted March 9, 2026 and that the shares were sold to cover taxes on the settlement of restricted stock units (RSUs) granted February 10, 2025.

Key Details

• Transaction date and price: June 8, 2026 — 4,134 shares @ $65.46 each; total $270,612.
• Plan/reason: Executed under a 10b5-1 plan (adopted Mar 9, 2026); F2 states the sale covered taxes related to RSU settlement.
• RSU holdings noted: filing footnote F3 reports (i) 27,744 unvested RSUs of the 36,992 RSUs granted Feb 10, 2025 (implying 9,248 of that grant have vested) and (ii) 34,274 RSUs granted Jan 16, 2026, none vested as of the filing. The filing does not explicitly state total shares owned after the sale.
• Filing timeliness: Report covers the June 8 transaction and was filed June 10, 2026; no late filing flag noted.

Context

• Sales to cover tax withholding on RSU settlements are common and often routine; execution under a 10b5-1 plan indicates the sale was preplanned rather than an ad hoc decision. This is a disposition (not a purchase) and does not by itself signal management’s view of the company’s prospects.