Liquidia Corp — Director's Dealing 2023

Jun 2, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Liquidia Corp (LQDA)
CIK: 0001819576
Period of Report: 2023-05-31

Reporting Person: Lippe Robert A (Chief Operations Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-31	Common Stock	M	1719	—	Acquired	190243	Direct
2023-05-31	Common Stock	S	597	$8.08	Disposed	189646	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-31	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 8,594 have vested through May 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 and (ii) 4,241 shares previously 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 June 2, 2022.