Manning Paul B 4
4 · Liquidia Corp · Filed Jun 18, 2026
Research Summary
AI-generated summary of this filing
Liquidia (LQDA) Director Paul B. Manning Receives RSU Award
What Happened
Paul B. Manning, a director of Liquidia Corp (LQDA), was granted 5,882 restricted stock units (RSUs) on June 16, 2026. The filing reports the acquisition at $0.00 per share (reported acquisition value $0). The award is a grant (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-16; Form 4 filed 2026-06-18.
- Grant: 5,882 RSUs; reported price $0.00 (acquisition value $0).
- Shares owned after transaction: Not specified in the filing.
- Footnote F1: RSUs convert one-for-one to common stock and vest on the earlier of (i) the one‑year anniversary of the grant or (ii) the day before the issuer’s next annual shareholder meeting.
- Other footnotes (F2–F6): Describe various holdings/ownership structures (joint with spouse, holdings via BKB Growth Investments, PBM Capital Finance, PD Joint Holdings, and a revocable trust) and indicate Manning’s shared or sole voting and investment power in those entities.
- Filing timeliness: Reported two days after the grant date (appears timely based on the dates provided).
Context
RSU grants are typically compensation awards that convert to common shares when they vest; they do not represent an immediate open‑market purchase or sale. For retail investors, purchases or outright insider sales often provide clearer signals about personal trading intent; awards are routine corporate compensation and should be interpreted accordingly.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-16+5,882→ 475,465 total
- 3,131,794
Common Stock
[F2] - 716,311(indirect: See footnote)
Common Stock
[F3] - 798,335(indirect: See footnote)
Common Stock
[F4] - 435,674(indirect: See footnote)
Common Stock
[F5] - 198,413(indirect: See footnote)
Common Stock
[F6]
Footnotes (6)
- [F1]Represents restricted stock units ("RSUs"). The RSUs convert into common stock on a one-for-one basis and 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.
- [F2]The shares are held by Reporting Person jointly with his spouse.
- [F3]The securities are held by BKB Growth Investments, LLC ("BKB"). The Reporting Person is a co-manager of Tiger Lily Capital, LLC ("Tiger Lily"), the manager of BKB, and has shared voting and investment power with respect to the shares held by BKB.
- [F4]The shares are held directly by the Paul B. Manning Revocable Trust (the "PBM 2000 Trust"). The Reporting Person is the trustee of the PBM 2000 Trust and has sole voting and investment power with respect to the shares held by the PBM 2000 Trust.
- [F5]The securities are held by PBM Capital Finance, LLC ("PBM"). The Reporting Person is the manager and sole beneficial owner of PBM.
- [F6]The securities are held by PD Joint Holdings, LLC Series 2016-A ("PD"). The Reporting Person is a co-manager of Tiger Lily, the manager of PD, and has shared voting and investment power with respect to the shares held by PD.