Robert A. Lippe - Jan 16, 2022 Form 4 Insider Report for Liquidia Corp (LQDA)

Role
Chief Operations Officer
Signature
/s/ Russell Schundler, as attorney-in-fact for Robert A. Lippe
Stock symbol
LQDA
Transactions as of
Jan 16, 2022
Transactions value $
$0
Form type
4
Date filed
1/19/2022, 03:34 PM
Previous filing
Nov 12, 2021
Next filing
May 25, 2022

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 Units Award $0 +27.5K $0.00 27.5K Jan 16, 2022 Common Stock 27.5K Direct F1, F2
transaction LQDA Stock Option (Right to Buy) Award $0 +55K $0.00 55K Jan 16, 2022 Common Stock 55K $6.25 Direct F3
* 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 25% of the RSUs shall vest on February 28, 2023 and the remaining RSUs shall vest ratably on a quarterly basis over three years thereafter.
F3 The options will vest ratably on a monthly basis over four years with the first vesting date to occur on February 28, 2022 and on the last day of each month thereafter.