DAVID EDWARD JOHNSON - 17 Jun 2025 Form 4 Insider Report for Liquidia Corp (LQDA)

Role
Director, Other*, 10%+ Owner
Signature
Caligan Partners LP, By: /s/ David Johnson, Managing Partner
Issuer symbol
LQDA
Transactions as of
17 Jun 2025
Transactions value $
$0
Form type
4
Filing time
20 Jun 2025, 16:10:32 UTC
Previous filing
02 Jun 2025
Next filing
26 Nov 2025
SEC
View on sec.gov

Reporting Owners (2)

Name Relationship Address Signature Signature date CIK
JOHNSON DAVID EDWARD Director, Other*, 10%+ Owner 780 THIRD AVENUE, 30TH FLOOR, NEW YORK Caligan Partners LP, By: /s/ David Johnson, Managing Partner 20 Jun 2025 0001785557
Caligan Partners LP Director, Other*, 10%+ Owner 780 THIRD AVENUE, 30TH FLOOR, NEW YORK /s/ David Edward Johnson 20 Jun 2025 0001727492

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 $0 +18.4K +90.36% $0.00 38.8K 17 Jun 2025 Direct F1, F2, F3
holding LQDA Common Stock 8.12M 17 Jun 2025 See footnote F4
* 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 The RSUs shall vest upon the earlier of (i) the one-year anniversary of the date of grant or (ii) the day prior to the Issuer's next annual shareholder meeting following the date of grant.
F3 David Johnson ("Mr. Johnson") is deemed to hold the securities reported herein for the benefit of 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 may, after vesting, if applicable, transfer the securities directly to such Caligan Funds and Accounts.
F4 Securities held by the Caligan Funds and Accounts to which Caligan serves as investment manager and related entities. Mr. Johnson (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.

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.