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Liquidia Corp — Director's Dealing 2025
Jan 14, 2025
31694_dirs_2025-01-14_35e4f355-60aa-4a8c-b6d9-2c70a9bb8354.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: 2025-01-11
Reporting Person: Kaseta Michael (CFO and COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-01-11 | Common Stock | A | 112797 | — | Acquired | 425125 | Direct |
| 2025-01-14 | Common Stock | S | 23370 | $11.78 | Disposed | 401755 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-01-11 | Performance Stock Units | $ | A | 112797 | Acquired | Common Stock (112797) | Direct |
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, 2026 and the remaining RSUs shall vest ratably on a quarterly basis over three years thereafter.
F3: Includes (i) 62,333 unvested RSUs of the 124,667 RSUs granted to the Reporting Person on January 11, 2023, (ii) 69,937 unvested RSUs of the 93,250 RSUs granted to the Reporting Person on January 11, 2024, (iii) 37,500 unvested RSUs of the 50,000 RSUs granted to the Reporting Person on January 15, 2024 and (iv) 9,044 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.
F4: Transaction effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on December 15, 2023.
F5: These shares of common stock were sold to cover taxes associated with the settlement of RSUs that were initially granted to the Reporting Person on January 11, 2023, January 11, 2024 and January 15, 2024.
F6: Each performance stock unit ("PSU") converts into one share of the Issuer's common stock.
F7: On January 11, 2025, the Reporting Person was granted 112,797 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, 2026 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.