Bloch Stephen M 4
4 · Liquidia Corp · Filed Jun 18, 2026
Research Summary
AI-generated summary of this filing
Liquidia (LQDA) Director Stephen Bloch Receives RSU Award
What Happened
Stephen M. Bloch, a director of Liquidia Corp (LQDA), was granted 5,882 restricted stock units (RSUs) on June 16, 2026. The grant is reported at $0.00 per share (standard for RSU awards) and will convert one-for-one into common stock upon vesting. This is an equity award (not a cash purchase or sale).
Key Details
- Transaction date: 2026-06-16; Form 4 filed 2026-06-18 (appears timely).
- Award: 5,882 RSUs; reported price $0.00 (no cash purchase).
- RSU conversion: RSUs convert to common stock on a one-for-one basis (Footnote F2).
- Vesting: RSUs vest upon the earlier of (i) one-year anniversary of grant or (ii) the day before the issuer’s next annual shareholder meeting (Footnote F3).
- Ownership reporting / related entities: Footnote F1 states the securities are held directly by Canaan VIII L.P.; Bloch disclaims beneficial ownership of securities held by the Canaan Entities except to the extent of any pecuniary interest, and he did not participate in that investment decision.
- Shares owned after the transaction: not specified in the provided summary of the filing.
Context
- RSU grants are award-based compensation; they do not involve an immediate cash outlay or sale. They become actual shares only when vested and converted.
- This filing reflects issuance of an award rather than a market purchase or sale—useful for tracking potential future dilution or upcoming insider stock receipt but not a direct market bet by the insider.
Insider Transaction Report
Form 4
Liquidia CorpLQDA
Bloch Stephen M
Director
Transactions
- Award
Common Stock
[F2][F3]2026-06-16+5,882→ 71,594 total
Holdings
- 980,073(indirect: See footnote)
Common Stock
[F1]
Footnotes (3)
- [F1]The securities are held directly by Canaan VIII L.P. ("Canaan LP"). Canaan Partners VIII LLC ("Canaan LLC" and together with Canaan LP, the "Canaan Entities") is the sole general partner of Canaan LP. Investment and voting decisions with respect to the securities held by Canaan LP are made by the managers of Canaan LLC, collectively. The Reporting Person disclaims beneficial ownership of the securities held by the Canaan Entities, except to the extent of his pecuniary interest, if any, in such securities by virtue of the limited liability company interests he owns in Canaan LLC. The Canaan Entities have instituted a communications-screen policy with respect to securities matters relating to the Issuer, and the Reporting Person did not participate in this investment decision.
- [F2]Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
- [F3]The RSUs shall vest upon the earlier of (i) the one-year anniversary of the date of grant or (ii) the day prior to the Issuer's next annual shareholder meeting following the date of grant.
Signature
/s/ Dr. Stephen M. Bloch|2026-06-18