Caligan Partners LP - Sep 12, 2024 Form 4 Insider Report for Liquidia Corp (LQDA)

Role
Director, Other*, 10%+ Owner
Signature
Caligan Partners LP, By: /s/ David Johnson, Managing Partner
Stock symbol
LQDA
Transactions as of
Sep 12, 2024
Transactions value $
$9,999,996
Form type
4
Date filed
9/12/2024, 04:31 PM
Previous filing
Sep 4, 2024
Next filing
Sep 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDA Common Stock, $0.001 par value per share ("Common Stock") Award $10M +1.12M +16.06% $8.90 8.12M Sep 12, 2024 See footnote F1
holding LQDA Common Stock 20.4K Sep 12, 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Securities held by certain funds (the "Caligan Funds") and managed accounts (the "Caligan Accounts", and together with the Caligan Funds, the "Caligan Funds and Accounts") to which Caligan Partners LP ("Caligan") serves as investment manager and related entities. David Johnson ("Mr. Johnson", and together with Caligan, the "Reporting Persons") is the Managing Partner of Caligan and a Managing Member of Caligan Partners GP LLC, the general partner of Caligan.
F2 Mr. Johnson is deemed to hold the securities reported herein for the benefit of the Caligan Funds and Accounts, and may, after vesting, if applicable, transfer the securities directly to the Caligan Funds and Accounts.

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.