Liquidia Corp: CFO and COO Michael Kaseta sold 18,938 shares

What happened

• Michael Kaseta, CFO and COO, exercised or converted derivatives for 5,828 shares and 7,049 shares on Oct 9, 2026 (derivative transactions recorded with $0 proceeds).
• He sold 18,938 shares on Oct 12, 2026 at $28.48 per share for total proceeds of $539,354.

Key details

• Transaction dates and prices:
  • Oct 9, 2026: exercise/conversion of derivative (M) — 5,828 shares and 7,049 shares; price reported $0.00 per share (derivative).
  • Oct 12, 2026: open-market sale (S) — 18,938 shares at $28.48 per share for $539,354.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Relevant footnotes from the filing:
  • PSUs convert into common stock on a one-for-one basis (F1).
  • The filing references PSUs granted Jan 11, 2024 (93,250 PSUs, 64,110 vested as of the filing) and Jan 11, 2025 (112,797 PSUs, 49,349 vested as of the filing) (F2, F4).
  • The sale was effected pursuant to a Rule 10b5-1 plan adopted Dec 15, 2023 (F5).
  • The filing states the shares were sold to cover taxes associated with settlement of RSUs and PSUs (F6).
• Filing details: Form 4 filed Oct 13, 2026; period of report Oct 9, 2026. No late-filing flag is indicated in the provided excerpt.

Why it may matter

• The filing shows derivatives (PSUs) were converted into common stock and an open-market sale occurred a few days later to cover tax obligations.
• The filing does not show why the insider traded or why the company acted.