David Edward Johnson - 19 Jun 2023 Form 4 Insider Report for Liquidia Corp (LQDA)

Role
Director, Other*, 10%+ Owner
Signature
David Edward Johnson
Issuer symbol
LQDA
Transactions as of
19 Jun 2023
Net transactions value
$0
Form type
4
Filing time
21 Jun 2023, 17:22:55 UTC
Previous filing
02 Jun 2023
Next filing
29 Nov 2023
SEC
View on sec.gov

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 Non-Qualified Stock Option (right to buy) Award $0 +20,000 $0.000000 20,000 19 Jun 2023 Common Stock 20,000 $8.63 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option vests in 36 equal monthly installments and will become fully vested on June 19, 2026.
F2 Mr. Johnson is deemed to hold the securities reported herein for the benefit of certain affiliated funds (the "Caligan Funds") to which Caligan Partners LP ("Caligan") serves as investment manager and a managed account to which Caligan serves as a consultant, and may, after vesting, if applicable, transfer the securities directly to such Caligan Funds or managed account.

Remarks:

Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its or his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. Caligan may be deemed to be a director by deputization of the Issuer by virtue of the fact that Mr. Johnson currently serves on the Issuer's board of directors.