| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LQDA | Common Stock | Award | $0 | +110K | +28.8% | $0.00 | 493K | Jan 11, 2024 | Direct | F1, F2, F4 |
| holding | LQDA | Common Stock | 14.5K | Jan 11, 2024 | By Spouse | F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LQDA | Performance Stock Units | Award | $0 | +60.1K | $0.00 | 60.1K | Jan 11, 2024 | Common Stock | 60.1K | Direct | F5, F6 |
| 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, 2025 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 | Includes (i) 104,167 RSUs granted to the Reporting Person on January 11, 2023 and (ii) 6,557 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan. |
| F5 | Each performance stock unit ("PSU") converts into one share of the Issuer's common stock. |
| F6 | On January 11, 2024, the Reporting Person was granted 60,135 PSUs. The PSUs shall vest upon the later of (A) the following time-based vesting schedule: 25% of the PSUs shall vest on January 11, 2025 and the remaining PSUs shall vest ratably on a quarterly basis over three years thereafter and (B) the first commercial sale of YUTREPIA by the Issuer. |