Rielly-Gauvin Katherine 4

What Happened Katherine Rielly‑Gauvin, a director of Liquidia Corp (LQDA), received a grant of 5,882 restricted stock units (RSUs) on June 16, 2026. The RSUs were reported at $0.00 per share (code A — award/grant); this reflects that RSUs are a future equity award rather than a cash purchase. No immediate cash changed hands in this transaction.

Key Details

• Transaction date and type: 2026-06-16 — Award/grant of 5,882 RSUs (reported price $0.00).
• Filing date: 2026-06-18 (filed timely; not indicated as late).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes:
  • F1: Each RSU converts into one common share on a one-for-one basis.
  • F2: RSUs vest on the earlier of (i) one-year anniversary of the grant or (ii) the day before the issuer's next annual shareholder meeting following the grant.
• Transaction code meaning: "A" = award/grant of equity (not a market purchase or sale).

Context RSUs are a form of equity compensation that convert into common shares upon vesting; they are not an immediate purchase or sale of stock. The economic value these units deliver to the insider will depend on Liquidia’s share price at the time they vest and are settled. Grants to directors are common as part of compensation packages and do not, by themselves, indicate a trading opinion or immediate change in share ownership.