Liquidia Corp — Director's Dealing 2022

Jul 20, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Liquidia Corp (LQDA)
CIK: 0001819576
Period of Report: 2022-07-18

Reporting Person: Saggar Rajeev (Chief Medical Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-07-18	Common Stock	A	93834	—	Acquired	93834	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-07-18	Non-Qualified Stock Option (Right to Buy)	$3.73	A	200000	Acquired	2032-07-18	Common Stock (200000)	Direct

Footnotes

F1: Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.

F2: 50% of the RSUs shall vest on July 18, 2023 and the remaining RSUs shall vest ratably on a quarterly basis over two years thereafter, subject to the Reporting Person's employment with the Issuer on each such vesting date; provided, however, that the RSUs shall become fully vested in the event that the Reporting Person's employment is terminated due to his death or Disability or is terminated by the Company without Cause (as such terms are defined in the Reporting Person's Employment Agreement).

F3: The option vests over a four-year period with 25% of the shares of common stock underlying the option vesting on the one-year anniversary of the grant date and the remaining 75% of the shares of common stock underlying the option vesting in equal monthly installments thereafter, subject to the Reporting Person's employment with the Issuer on each such vesting date.