Raman Singh - 15 Sep 2025 Form 4 Insider Report for Liquidia Corp (LQDA)

Role
Director
Signature
/s/ Raman Singh
Issuer symbol
LQDA
Transactions as of
15 Sep 2025
Net transactions value
-$1,059,109
Form type
4
Filing time
17 Sep 2025, 16:30:03 UTC
Previous filing
05 Sep 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
SINGH RAMAN Director 419 DAVIS DRIVE, SUITE 100, MORRISVILLE /s/ Raman Singh 17 Sep 2025 0001747589

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDA Common Stock Options Exercise $64,065 +25,524 +82% $2.51 56,779 15 Sep 2025 Direct F1
transaction LQDA Common Stock Options Exercise $51,800 +20,000 +35% $2.59 76,779 15 Sep 2025 Direct F1
transaction LQDA Common Stock Sale $1,174,974 -45,524 -59% $25.81 31,255 15 Sep 2025 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 Non-Qualified Stock Option (right to buy) Options Exercise $0 -25,524 -100% $0.000000 0 15 Sep 2025 Common Stock 25,524 $2.51 Direct F4
transaction LQDA Non-Qualified Stock Option (right to buy) Options Exercise $0 -20,000 -100% $0.000000 0 15 Sep 2025 Common Stock 20,000 $2.59 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 18,396 restricted stock units granted to the Reporting Person on June 17, 2025, none of which have vested as of the date of this Form 4.
F2 Represents the subsequent sale of the underlying shares from the exercise of stock options reported on this Form 4.
F3 Price is the volume weighted average price of all transactions made by the Reporting Person on the transaction date for prices ranging from $25.79 to $25.90. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The option vested in four equal quarterly installments and became fully vested on December 31, 2021.
F5 The option vested in 36 equal monthly installments and became fully vested on August 20, 2024.