Michael Kaseta - Aug 31, 2023 Form 4 Insider Report for Liquidia Corp (LQDA)

Role: Chief Financial Officer
Signature: /s/ Michael Kaseta
Stock symbol: LQDA
Transactions as of: Aug 31, 2023
Transactions value $: $0
Form type: 4
Date filed: 9/5/2023, 08:09 PM
Previous filing: Jun 2, 2023
Next filing: Oct 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LQDA	Common Stock	Options Exercise		+2.34K	+1.31%		181K	Aug 31, 2023	Direct	F1, F2, 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	Restricted Stock Unit	Options Exercise	$0	-2.34K	-4.02%	$0.00	56K	Aug 31, 2023	Common Stock	2.34K		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 16, 2022, the Reporting Person was granted 37,500 RSUs with 25% vesting on February 28, 2023, with the remaining RSUs vesting ratably on a quarterly basis over three years thereafter. Of those RSUs, a total of 14,063 have vested through August 31, 2023.
F3	Includes (i) 124,667 RSUs granted to the Reporting Person on January 11, 2023, none of which have vested as of the date of this Form 4 and (ii) 1,716 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan on August 31, 2023.