Liquidia Corp — Director's Dealing 2023

Sep 6, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Liquidia Corp (LQDA)
CIK: 0001819576
Period of Report: 2023-08-31

Reporting Person: Lippe Robert A (Chief Operations Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-08-31	Common Stock	M	1719	—	Acquired	193072	Direct
2023-08-31	Common Stock	S	505	$6.88	Disposed	192567	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-08-31	Restricted Stock Unit	$	M	1719	Disposed		Common Stock (1719)	Direct

Footnotes

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

F2: On January 16, 2022, the Reporting Person was granted 27,500 RSUs with 25% vesting on February 28, 2023, with the remaining RSUs vesting ratably on a quarterly basis over three years thereafter. Of those RSUs, a total of 10,313 have vested through August 31, 2023.

F3: Includes (i) 83,333 RSUs granted to the Reporting Person on January 11, 2023, none of which have vested as of the date of this Form 4, (ii) 10,833 RSUs granted to the Reporting Person on March 18, 2020, 8,802 of which have vested as of the date of this Form 4, and (iii) 1,707 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan on August 31, 2023.

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 June 2, 2022.