Russell Schundler - 31 Mar 2022 Form 4 Insider Report for Liquidia Corp (LQDA)

Role: General Counsel
Signature: /s/ Russell Schundler
Issuer symbol: LQDA
Transactions as of: 31 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 20 Apr 2022, 16:37:23 UTC
Previous filing: 19 Jan 2022
Next filing: 01 Aug 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LQDA	Common Stock	Award	$0	+2,158	+0.98%	$0.000000	222,746	31 Mar 2022	Direct	F1
holding	LQDA	Common Stock						14,500	31 Mar 2022	By Spouse	F2

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

Explanation of Responses:

Id	Content
F1	On March 31, 2022, 2,158 shares of the Issuer's common stock which were previously subject to a holdback pursuant to the terms of the merger agreement for Issuer's acquisition of RareGen, LLC ("RareGen") were released to the Reporting Person. The merger agreement provided that certain shares of the Issuer's common stock issuable to members of RareGen at the closing of the transaction would be held back as partial security for the benefit of the Issuer with respect to any indemnifiable damages pursuant to the indemnification obligations of the members of RareGen. The shares would subsequently be released for no additional consideration, subject to the cancellation of shares of the Issuer's common stock in connection with any such indemnifiable damages.
F2	The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.

Content

On March 31, 2022, 2,158 shares of the Issuer's common stock which were previously subject to a holdback pursuant to the terms of the merger agreement for Issuer's acquisition of RareGen, LLC ("RareGen") were released to the Reporting Person. The merger agreement provided that certain shares of the Issuer's common stock issuable to members of RareGen at the closing of the transaction would be held back as partial security for the benefit of the Issuer with respect to any indemnifiable damages pursuant to the indemnification obligations of the members of RareGen. The shares would subsequently be released for no additional consideration, subject to the cancellation of shares of the Issuer's common stock in connection with any such indemnifiable damages.

The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.