Liquidia Corp — Director's Dealing 2023

Sep 21, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Liquidia Corp (LQDA)
CIK: 0001819576
Period of Report: 2023-09-19

Reporting Person: Adair Jason (Chief Business Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-09-19	Common Stock	M	260	—	Acquired	53712	Direct
2023-09-19	Common Stock	S	75	$6.51	Disposed	53637	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-09-19	Restricted Stock Unit	$	M	260	Disposed		Common Stock (260)	Direct

Footnotes

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

F2: On March 18, 2020, the Reporting Person was granted 4,167 RSUs with 25% vesting on March 18, 2021 and the remaining RSUs vesting ratably on a quarterly basis over three years thereafter. Of those RSUs, a total of 3,646 have vested through September 19, 2023.

F3: Includes (i) 25,000 RSUs granted to the Reporting Person on July 6, 2023, none of which have vested as of the date of this Form 4 and (ii) 6,274 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.

F4: These shares were sold to cover taxes associated with the settlement of RSUs.

F5: Transaction effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on December 14, 2020.