Roger Jeffs - Jan 3, 2023 Form 4 Insider Report for Liquidia Corp (LQDA)

Role: Chief Executive Officer, Director
Signature: /s/ Roger Jeffs
Stock symbol: LQDA
Transactions as of: Jan 3, 2023
Transactions value $: $0
Form type: 4
Date filed: 1/5/2023, 04:35 PM
Previous filing: Sep 7, 2022
Next filing: Jan 13, 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LQDA	Common Stock	Options Exercise		+15.8K	+8.26%		207K	Jan 3, 2023	Direct	F1, F2, F3
holding	LQDA	Common Stock						46.6K	Jan 3, 2023	See footnote	F4
holding	LQDA	Common Stock						1.54M	Jan 3, 2023	See footnote	F5

Showing 1 to 3 of 3 entries

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 Unit	Options Exercise	$0	-15.8K	-100%	$0.00^*	0	Jan 3, 2023	Common Stock	15.8K		Direct	F1

* 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	On January 3, 2022, the Reporting Person was granted 63,230 RSUs (the "2022 RSUs") with 25% vesting quarterly through the first anniversary of the grant date. As of January 3, 2023, the 2022 RSUs have fully vested.
F3	The number of securities shown to be beneficially owned following the transaction being reported in this Form 4 reflects a downward adjustment of 15,808 shares of common stock due to a previous clerical error in double counting a vested portion of the 2022 RSUs in that certain previous Form 4 filed by the Reporting Person on October 4, 2022.
F4	The securities are held by Roger A. Jeffs Living Trust UAD 2/29/2000 (the "Trust"). The Reporting Person is the trustee of the Trust.
F5	The securities are held by Serendipity BioPharma LLC ("Serendipity"). The Reporting Person is a manager of Serendipity and has sole voting and dispositive power over the Issuer common stock held by Serendipity.