Dana Boyle - 07 Nov 2025 Form 4 Insider Report for Liquidia Corp (LQDA)

Role: Chief Accounting Officer
Signature: /s/ Dana Boyle
Issuer symbol: LQDA
Transactions as of: 07 Nov 2025
Net transactions value: -$727,674
Form type: 4
Filing time: 12 Nov 2025, 16:30:33 UTC
Previous filing: 29 Oct 2025
Next filing: 02 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Boyle Dana	Chief Accounting Officer	419 DAVIS DRIVE, SUITE 100, MORRISVILLE	/s/ Dana Boyle	12 Nov 2025	0002074453

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LQDA	Common Stock	Sale	$209,885	-8,342	-4.5%	$25.16	175,996	07 Nov 2025	Direct	F1
transaction	LQDA	Common Stock	Sale	$517,790	-20,662	-12%	$25.06	155,334	07 Nov 2025	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes (i) 1,884 unvested restricted stock units ("RSUs") of the 15,075 RSUs granted to the Reporting Person on January 16, 2022, (ii) 15,625 unvested RSUs of the 50,000 RSUs granted to the Reporting Person on January 25, 2023, (iii) 32,110 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 the date of this Form 4 (v) 25,000 RSUs granted to the Reporting Person on July 1, 2025, none of which have vested as of the date of this Form 4 and (vi) 3,527 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.

Content

Includes (i) 1,884 unvested restricted stock units ("RSUs") of the 15,075 RSUs granted to the Reporting Person on January 16, 2022, (ii) 15,625 unvested RSUs of the 50,000 RSUs granted to the Reporting Person on January 25, 2023, (iii) 32,110 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 the date of this Form 4 (v) 25,000 RSUs granted to the Reporting Person on July 1, 2025, none of which have vested as of the date of this Form 4 and (vi) 3,527 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.