Paul B. Manning - 11 Feb 2026 Form 4 Insider Report for Liquidia Corp (LQDA)

Role
Director
Signature
/s/ Paul B. Manning
Issuer symbol
LQDA
Transactions as of
11 Feb 2026
Net transactions value
$0
Form type
4
Filing time
12 Feb 2026, 21:16:26 UTC
Previous filing
25 Nov 2025
Next filing
26 Feb 2026
SEC
View on sec.gov

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Quoteable Key Fact

"Paul B. Manning filed Form 4 for Liquidia Corp (LQDA) on 12 Feb 2026."

Quick Takeaways

  • This page summarizes Paul B. Manning's Form 4 filing for Liquidia Corp (LQDA).
  • 2 reported transactions and 0 derivative rows are listed below.
  • Filing timestamp: 12 Feb 2026, 21:16.

What Changed

  • Previous filing in this sequence was filed on 25 Nov 2025.
  • Current net transaction value: $0.

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.

Official SEC Source

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Manning Paul B Director 200 GARRETT STREET, SUITE S, CHARLOTTESVILLE /s/ Paul B. Manning 12 Feb 2026 0001494695

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDA Common Stock Other $2,349,595 -55,116 -100% $42.63 0 11 Feb 2026 See footnote F1, F2
transaction LQDA Common Stock Other $2,349,595 +55,116 +13% $42.63 469,583 11 Feb 2026 Direct F1, F3
holding LQDA Common Stock 3,131,794 11 Feb 2026 Direct F4
holding LQDA Common Stock 816,311 11 Feb 2026 See footnote F5
holding LQDA Common Stock 435,674 11 Feb 2026 See footnote F6
holding LQDA Common Stock 198,413 11 Feb 2026 See footnote F7
holding LQDA Common Stock 898,335 11 Feb 2026 See footnote F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person withdrew 55,116 shares of the Issuer from PBM 2024 Grantor Retained Annuity Trust (the "PBM 2024 GRAT"), a grantor retained annuity trust, in exchange for cash. The withdrawal of shares resulted in a decrease in the number of shares the Reporting Person beneficially owns indirectly through PBM 2024 GRAT and a corresponding increase in the number of shares the Reporting Person beneficially owns directly. This withdrawal of shares constitutes a change in form of beneficial ownership of the shares, exempted by Rule 16a-13 under the Securities Exchange Act of 1934.
F2 The shares are held directly by the PBM 2024 GRAT. The Reporting Person is the trustee of the PBM 2024 GRAT and has sole voting and investment power with respect to the shares held by the PBM 2024 GRAT.
F3 Includes 375,712 shares distributed to the Reporting Person in satisfaction of annuity obligation from the PBM 2024 GRAT.
F4 The shares are held by Reporting Person jointly with his spouse.
F5 The securities are held by BKB Growth Investments, LLC ("BKB"). The Reporting Person is a co-manager of Tiger Lily Capital, LLC ("Tiger Lily"), the manager of BKB, and has shared voting and investment power with respect to the shares held by BKB.
F6 The securities are held by PBM Capital Finance, LLC ("PBM"). The Reporting Person is the manager and sole beneficial owner of PBM.
F7 The securities are held by PD Joint Holdings, LLC Series 2016-A ("PD"). The Reporting Person is a co-manager of Tiger Lily, the manager of PD, and has shared voting and investment power with respect to the shares held by PD.
F8 The shares are held directly by the Paul B. Manning Revocable Trust (the "PBM 2000 Trust"). The Reporting Person is the trustee of the PBM 2000 Trust and has sole voting and investment power with respect to the shares held by the PBM 2000 Trust.

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