Michael Kaseta - 30 Nov 2023 Form 4 Insider Report for Liquidia Corp (LQDA)

Role: Chief Financial Officer
Signature: /s/ Michael Kaseta
Issuer symbol: LQDA
Transactions as of: 30 Nov 2023
Net transactions value: $0
Form type: 4
Filing time: 05 Dec 2023, 21:20:14 UTC
Previous filing: 04 Oct 2023
Next filing: 16 Jan 2024
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		+2,343	+1.3%		183,000	30 Nov 2023	Direct	F1, F2, F3

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	-2,343	-10%	$0.000000	21,094	30 Nov 2023	Common Stock	2,343		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
F2	On January 16, 2022, the Reporting Person was granted 37,500 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 16,406 have vested through November 30, 2023.
F3	Includes (i) 124,667 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) 5,977 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.