Robert A. Lippe - 28 Feb 2023 Form 4 Insider Report for Liquidia Corp (LQDA)

Role
Chief Operations Officer
Signature
/s/ Robert A. Lippe
Issuer symbol
LQDA
Transactions as of
28 Feb 2023
Net transactions value
-$15,362
Form type
4
Filing time
02 Mar 2023, 20:18:15 UTC
Previous filing
13 Jan 2023
Next filing
02 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDA Common Stock Options Exercise +6,875 +3.7% 190,557 28 Feb 2023 Direct F1, F2, F3
transaction LQDA Common Stock Sale $15,362 -2,033 -1.1% $7.56 188,524 28 Feb 2023 Direct F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LQDA Restricted Stock Unit Options Exercise $0 -6,875 -25% $0.000000 20,625 28 Feb 2023 Common Stock 6,875 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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, and the remaining RSUs will vest ratably on a quarterly basis over three years thereafter. Of those RSUs, a total of 6,875 have vested through February 28, 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) 2,323 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan on February 28, 2023.
F4 These shares were sold to cover taxes associated with the settlement of RSUs.