Filing Details

Accession Number:
0001104659-25-003476
Form Type:
4
Zero Holdings:
No
Publication Time:
2025-01-14 16:39:48
Reporting Period:
2025-01-11
Accepted Time:
2025-01-14 16:39:48
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1819576 Liquidia Corp LQDA Pharmaceutical Preparations (2834) 851710962
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1854414 Russell Schundler 419 Davis Drive, Suite 100
Morrisville NC 27560
General Counsel No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2025-01-11 102,543 $0.00 589,871 No 4 A Direct
Common Stock Disposition 2025-01-14 16,393 $11.78 573,478 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Performance Stock Units Acquisiton 2025-01-11 102,543 $0.00 102,543 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
102,543 No 4 A Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 14,500 Indirect By Spouse
Footnotes
  1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
  2. 25% of the RSUs shall vest on January 11, 2026 and the remaining RSUs shall vest ratably on a quarterly basis over three years thereafter.
  3. Includes (i) 52,083 unvested RSUs of the 104,167 RSUs granted to the Reporting Person on January 11, 2023, (ii) 82,601 unvested RSUs of the 110,135 RSUs granted to the Reporting Person on January 11, 2024 and (iii) 9,656 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.
  4. Transaction effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on December 15, 2023.
  5. These shares of common stock were sold to cover taxes associated with the settlement of RSUs that were initially granted to the Reporting Person on January 11, 2023 and January 11, 2024.
  6. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
  7. Each performance stock unit ("PSU") converts into one share of the Issuer's common stock.
  8. On January 11, 2025, the Reporting Person was granted 102,543 PSUs. The PSUs shall vest upon the later of (A) the following time-based vesting schedule: 25% of the PSUs shall vest on January 11, 2026 and the remaining PSUs shall vest ratably on a quarterly basis over three years thereafter, and (B) the first commercial sale of YUTREPIA by the Issuer.