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Liquidia Corp — Director's Dealing 2024
Jan 16, 2024
31694_dirs_2024-01-16_aeff81b3-9e3a-4b6d-b239-ffb3628bc8aa.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Liquidia Corp (LQDA)
CIK: 0001819576
Period of Report: 2024-01-11
Reporting Person: Schundler Russell (General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-01-11 | Common Stock | A | 110135 | — | Acquired | 492611 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-01-11 | Performance Stock Units | $ | A | 60135 | Acquired | Common Stock (60135) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 14500 | Indirect |
Footnotes
F1: Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2: 25% of the RSUs shall vest on January 11, 2025 and the remaining RSUs shall vest ratably on a quarterly basis over three years thereafter.
F3: The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
F4: Includes (i) 104,167 RSUs granted to the Reporting Person on January 11, 2023 and (ii) 6,557 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.
F5: Each performance stock unit ("PSU") converts into one share of the Issuer's common stock.
F6: On January 11, 2024, the Reporting Person was granted 60,135 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, 2025 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.