Robert A. Lippe - Jan 11, 2023 Form 4 Insider Report for Liquidia Corp (LQDA)

Role: Chief Operations Officer
Signature: /s/ Robert A. Lippe
Stock symbol: LQDA
Transactions as of: Jan 11, 2023
Transactions value $: $0
Form type: 4
Date filed: 1/13/2023, 04:19 PM
Previous filing: Apr 10, 2023
Next filing: Mar 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LQDA	Common Stock	Award	$0	+83.3K	+85.01%	$0.00	181K	Jan 11, 2023	Direct	F1, F2

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	-107K	-50%	$0.00	107K	Jan 11, 2023	Common Stock	107K	$6.17	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 January 11, 2024 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 11, 2023 and on the last day of each month thereafter.