Quick Takeaways
- This page summarizes Robert A. Lippe's Form 4 filing for Liquidia Corp (LQDA).
- 3 reported transactions and 1 derivative row are listed below.
- Filing timestamp: 05 Dec 2023, 21:21.
Robert A. Lippe - 30 Nov 2023 Form 4 Insider Report for Liquidia Corp (LQDA)
- Signature
- /s/ Robert A. Lippe
- Issuer symbol
- LQDA
- Transactions as of
- 30 Nov 2023
- Net transactions value
- -$3,618
- Form type
- 4
- Filing time
- 05 Dec 2023, 21:21:25 UTC
- Previous filing
- 05 Sep 2023
- SEC
- View on sec.gov
Quoteable Key Fact
"Robert A. Lippe filed Form 4 for Liquidia Corp (LQDA) on 05 Dec 2023."
What Changed
- Previous filing in this sequence was filed on 05 Sep 2023.
- Current net transaction value: -$3,618.
Why This Matters
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Source Evidence
Filed on Form 4
See Original Filing
Ownership activity is grounded in SEC Form 4 disclosures.
Transactions Table
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LQDA | Common Stock | Options Exercise | +1,718 | +0.89% | 194,285 | 30 Nov 2023 | Direct | F1, F2, F3 | ||
| transaction | LQDA | Common Stock | Sale | $3,618 | -497 | -0.26% | $7.28 | 193,788 | 30 Nov 2023 | Direct | F3, F4, F5 |
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 | -1,718 | -10% | $0.000000 | 15,469 | 30 Nov 2023 | Common Stock | 1,718 | Direct | F1 |
* An asterisk sign (*) next to the price indicates that the price is likely invalid.
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
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 | On January 16, 2022, the Reporting Person was granted 27,500 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 12,031 have vested through November 30, 2023. |
| F3 | Includes (i) 83,333 RSUs granted to the Reporting Person on January 11, 2023, none of which have vested as of the date of this Form 4, (ii) 10,833 RSUs granted to the Reporting Person on March 18, 2020, 9,479 of which have vested as of the date of this Form 4, and (iii) 5,948 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan on August 31, 2023. |
| F4 | These shares were sold to cover taxes associated with the settlement of RSUs. |
| F5 | Transaction effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on June 2, 2022. |