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
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- 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.
- 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.
- Transaction effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on December 15, 2023.
- 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.
- The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
- Each performance stock unit ("PSU") converts into one share of the Issuer's common stock.
- 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.