Liquidia Corp — Director's Dealing 2025

Mar 4, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Liquidia Corp (LQDA)
CIK: 0001819576
Period of Report: 2025-02-28

Reporting Person: Moomaw Scott (Chief Commercial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-28	Common Stock	M	1875	—	Acquired	218742	Direct
2025-03-03	Common Stock	S	592	$15.45	Disposed	218150	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-02-28	Restricted Stock Unit	$	M	1875	Disposed		Common Stock (1875)	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 30,000 RSUs with 25% vesting on February 28, 2023 and the remaining RSUs vesting ratably on a quarterly basis over three years thereafter. Of those RSUs, a total of 22,500 have vested through February 28, 2025.

F3: Includes (i) 41,666 unvested RSUs of the 83,333 RSUs granted to the Reporting Person on January 11, 2023, (ii) 37,292 unvested RSUs of the 49,723 RSUs granted to the Reporting Person on January 11, 2024, (iii) 69,729 RSUs granted to the Reporting Person on January 11, 2025, none of which have vested as of the date of this Form 4 and (iv) 11,002 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 June 13, 2022.