Russell Schundler - 11 Jan 2023 Form 4 Insider Report for Liquidia Corp (LQDA)

Role: General Counsel
Signature: /s/ Russell Schundler
Issuer symbol: LQDA
Transactions as of: 11 Jan 2023
Net transactions value: $0
Form type: 4
Filing time: 13 Jan 2023, 16:15:43 UTC
Previous filing: 07 Sep 2022
Next filing: 02 Mar 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	Award	$0	+104,167	+40%	$0.000000	361,679	11 Jan 2023	Direct	F1, F2
holding	LQDA	Common Stock						14,500	11 Jan 2023	By Spouse	F3

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	Stock Option (Right to Buy)	Award	$0	-133,547	-50%	$0.000000	133,547	11 Jan 2023	Common Stock	133,547	$6.17	Direct	F4

* 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 January 11, 2024 and the remaining RSUs shall vest ratably on a quarterly basis over three years thereafter.
F3	The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
F4	The options will vest ratably on a monthly basis over four years with the first vesting date to occur on February 11, 2023 and on the last day of each month thereafter.