Sarah Krepp - 10 Jul 2026 Form 4 Insider Report for Liquidia Corp (LQDA)

Reporting relationship: Chief Human Resource Officer
Issuer ticker: LQDA
Reported as of: 10 Jul 2026
Net transaction value: -$562,361
SEC form: 4
Accepted by SEC: 14 Jul 2026, 20:11:08 UTC
Prior SEC filing: 15 Jun 2026
Source filing: View source filing
Reporting owner signature: /s/ Sarah Krepp

Key filing fact

Sarah Krepp filed Form 4 for Liquidia Corp (LQDA) on 14 Jul 2026.

Key facts

This page summarizes Sarah Krepp's Form 4 filing for Liquidia Corp (LQDA).
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 14 Jul 2026, 20:11.

Change

Previous filing in this sequence was filed on 15 Jun 2026.
Current net transaction value: -$562,361.

Research use

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.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0002074990 Primary reporting owner

Krepp Sarah

Relationship: Chief Human Resource Officer
Address: 419 DAVIS DRIVE, SUITE 100, MORRISVILLE
Signature: /s/ Sarah Krepp
Signature date: 14 Jul 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LQDA transaction

Common Stock

Options Exercise

Transaction value
Shares: +3,179
Change %: +2.6%
Price
Shares after: 125,042
Date: 10 Jul 2026
Ownership: Direct
Footnotes: F1, F2, F3

LQDA transaction

Common Stock

Sale

Transaction value: $39,836
Shares: -558
Change %: -0.45%
Price: $71.39
Shares after: 124,484
Date: 13 Jul 2026
Ownership: Direct
Footnotes: F3, F4, F5

LQDA transaction

Common Stock

Sale

Transaction value: $522,525
Shares: -7,306
Change %: -5.9%
Price: $71.52
Shares after: 117,178
Date: 13 Jul 2026
Ownership: Direct
Footnotes: F3, F4, F5

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LQDA transaction Derivative

Performance Stock Units

Options Exercise

Transaction value
Shares: -3,179
Change %: -9.1%
Price: $0.000000^*
Shares after: 31,787
Date: 10 Jul 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,179
Exercise price
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 5 footnotes

Footnote F1

Performance stock units ("PSUs") convert into common stock on a one-for-one basis.

Footnote F2

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. Of those PSUs, a total of 19,074 have vested as of the date of this Form 4.

Footnote F3

Includes (i) 21,799 unvested restricted stock units ("RSUs") of the 61,465 RSUs granted to the Reporting Person on January 11, 2024, (ii) 6,229 unvested RSUs of the 12,459 RSUs granted to the Reporting Person on July 1, 2024, (iii) 31,787 unvested RSUs of the 50,861 RSUs granted to the Reporting Person on January 11, 2025, (iv) 18,750 unvested RSUs of the 25,000 RSUs granted to the Reporting Person on July 1, 2025 and (v) 23,728 RSUs granted to the Reporting Person on January 16, 2026, none of which have vested as of the date of this Form 4.

Footnote F4

Transaction effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on December 15, 2023.

Footnote F5

These shares of common stock were sold to cover taxes associated with the settlement of RSUs and PSUs that were initially granted to the Reporting Person on January 11, 2024, July 1, 2024, January 11, 2025 and July 1, 2025.