Khindri Sanjeev 4

What Happened

• Sanjeev Khindri, Chief Development Officer of Liquidia Corp (LQDA), sold a total of 1,185 shares on July 13, 2026 in two transactions: 84 shares at $71.39 ($5,997) and 1,101 shares at $71.52 ($78,744), for aggregate proceeds of about $84,741. These were sales (S) reported on Form 4.

Key Details

• Transaction dates and prices: 2026-07-13 — 84 shares @ $71.39 and 1,101 shares @ $71.52.
• Total sold: 1,185 shares; total proceeds ≈ $84,741.
• Plan/Reason: Trades were effected pursuant to a Rule 10b5-1 plan adopted March 9, 2026 (F1). The larger parcel was sold to cover taxes associated with the settlement of RSUs granted Feb 10, 2025 (F2).
• Unvested holdings noted in the filing (post-transaction): 25,432 unvested RSUs from the Feb 10, 2025 grant (of 36,992) plus 34,274 RSUs granted Jan 16, 2026 — 59,706 unvested RSUs total, none vested as of this Form 4 (F3).
• Filing timeliness: Report filed 2026-07-14 for trades on 2026-07-13 — appears to be timely.

Context

• These sales were routine tax-withholding transactions tied to RSU settlement and executed under a pre-established 10b5-1 plan, which generally indicates the trades were pre-scheduled rather than discretionary. Sales to cover taxes are common and do not necessarily reflect the insider’s view on the company’s prospects. Purchases tend to be more informative about insider sentiment.