| Name | Relationship | Address | Signature | Signature date | CIK |
|---|---|---|---|---|---|
| Boyle Dana | Chief Accounting Officer | 419 DAVIS DRIVE, SUITE 100, MORRISVILLE | By: /s/ Dana Boyle | 03 Jul 2025 | 0002074453 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | LQDA | Common Stock | 163,361 | 01 Jul 2025 | Direct | F1, F2 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | LQDA | Performance Stock Units | 01 Jul 2025 | Common Stock | 50,861 | Direct | F3 | |||||||
| holding | LQDA | Stock Option (Right to Buy) | 01 Jul 2025 | Common Stock | 50,000 | $3.44 | Direct | |||||||
| holding | LQDA | Stock Option (Right to Buy) | 01 Jul 2025 | Common Stock | 10,000 | $2.54 | Direct | F4 | ||||||
| holding | LQDA | Stock Option (Right to Buy) | 01 Jul 2025 | Common Stock | 30,150 | $6.25 | Direct | F5 | ||||||
| holding | LQDA | Stock Option (Right to Buy) | 01 Jul 2025 | Common Stock | 25,000 | $5.12 | Direct | F6 |
| Id | Content |
|---|---|
| F1 | Restricted stock units ("RSUs") convert into common stock on a one-for-one basis. 25% of the RSUs shall vest approximately one-year after the grant date of such RSUs and the remaining RSUs shall vest ratably on a quarterly basis over three years thereafter. Includes (i) 2,826 unvested RSUs of the 15,075 RSUs granted to the Reporting Person on January 16, 2022, (ii) 21,875 unvested RSUs of the 50,000 RSUs granted to the Reporting Person on January 25, 2023, (iii) 39,245 unvested RSUs of the 57,085 RSUs granted to the Reporting Person on January 11, 2024, (iv) 50,861 RSUs granted to the Reporting Person on January 11, 2025, none of which have vested as of July 1, 2025 and (v) 11,029 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan. |
| F2 | Excludes an aggregate of 20,689 shares of common stock that were sold to cover taxes associated with the settlement of RSUs that were initially granted to the Reporting Person on January 16, 2022, January 23, 2023, and January 11, 2024. |
| F3 | Performance stock units ("PSUs") convert into common stock on a one-for-one basis. On January 11, 2025, the Reporting Person was granted 50,861 PSUs which vest upon the following time-based vesting schedule: 25% of the PSUs shall vest on January 11, 2026 and the remaining PSUs shall vest ratably on a quarterly basis over three years thereafter. No PSUs have vested as of July 1, 2025. |
| F4 | The option vests over a four-year period with 25% of the shares of common stock underlying the option vesting on the one-year anniversary of the grant date and the remaining 75% of the shares of common stock underlying the option vesting in equal monthly installments thereafter, becoming fully vested on July 21, 2025. |
| F5 | The option vests in equal monthly installments over a four-year period, becoming fully vested on January 31, 2026. |
| F6 | The option vests in equal monthly installments over a four-year period, becoming fully vested on July 28, 2026. |