Liquidia Corp: Chief business officer Jason Adair sold 7,301 shares

What happened

• Jason Adair, chief business officer, exercised or converted derivative awards for a total of 10,248 shares on Oct 9, 2026 (3,906; 2,474; and 3,868 shares) and sold 7,301 shares in an open-market sale at $28.48 on Oct 12, 2026 for $207,932. The exercise/conversion entries show $0.00 consideration for the derivative dispositions.

Key details

• Transaction dates and prices: Oct 9, 2026 — exercised/converted derivatives of 3,906, 2,474 and 3,868 shares (M-coded); Oct 12, 2026 — sold 7,301 shares at $28.48 for $207,932 (S-coded).
• Shares owned after the transaction: not stated in the provided filing excerpt.
• Relevant footnotes: RSUs and PSUs convert one-for-one into common stock (F1, F4); sale effected pursuant to a Rule 10b5-1 plan adopted Dec 15, 2023 (F7); shares sold to cover taxes associated with settlement of RSUs and PSUs granted on Jan 11, 2023, Jan 11, 2024 and Jan 11, 2025 (F8).
• Filing timeliness: no late filing indicated in the provided excerpt.

Why it may matter

• Options exercise: the filing shows derivative awards were exercised or converted on Oct 9, 2026 and that shares were sold on Oct 12, 2026 to cover taxes, consistent with a cashless tax-withholding sale.
• This filing does not show why the insider traded or why the company acted.