Key facts
- This page summarizes Jason Adair's Form 4 filing for Liquidia Corp (LQDA).
- 7 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 13 Oct 2026, 19:58.
Jason Adair - 09 Oct 2026 Form 4 Insider Report for Liquidia Corp (LQDA)
- Reporting relationship
- Chief Business Officer
- Issuer ticker
- LQDA
- Reported as of
- 09 Oct 2026
- Net transaction value
- -$207,932
- SEC form
- 4
- Accepted by SEC
- 13 Oct 2026, 19:58:52 UTC
- Prior SEC filing
- 25 Aug 2026
- Source filing
- View source filing
- Reporting owner signature
- /s/ Jason Adair
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Jason Adair filed Form 4 for Liquidia Corp (LQDA) on 13 Oct 2026.
Change
- Previous filing in this sequence was filed on 25 Aug 2026.
- Current net transaction value: -$207,932.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reporting Owners (1)
CIK 0001747055
Primary reporting owner
Adair Jason
- Relationship
- Chief Business Officer
- Address
- 419 DAVIS DRIVE, SUITE 100, MORRISVILLE
- Signature
- /s/ Jason Adair
- Signature date
- 13 Oct 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
- +3,906
- Change %
- +2.2%
- Price
- Shares after
- 178,916
- Date
- 09 Oct 2026
- Ownership
- Direct
- Footnotes
- F1, F2, F3
LQDA
transaction
Common Stock
Options Exercise
- Transaction value
- Shares
- +2,474
- Change %
- +1.4%
- Price
- Shares after
- 181,390
- Date
- 09 Oct 2026
- Ownership
- Direct
- Footnotes
- F3, F4, F5
LQDA
transaction
Common Stock
Options Exercise
- Transaction value
- Shares
- +3,868
- Change %
- +2.1%
- Price
- Shares after
- 185,258
- Date
- 09 Oct 2026
- Ownership
- Direct
- Footnotes
- F3, F4, F6
LQDA
transaction
Common Stock
Sale
- Transaction value
- $207,932
- Shares
- -7,301
- Change %
- -3.9%
- Price
- $28.48
- Shares after
- 177,957
- Date
- 12 Oct 2026
- Ownership
- Direct
- Footnotes
- F3, F7, F8
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
LQDA
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- Shares
- -3,906
- Change %
- -50%
- Price
- $0.000000*
- Shares after
- 3,906
- Date
- 09 Oct 2026
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 3,906
- Exercise price
- Footnotes
- F1
LQDA
transaction
Derivative
Performance Stock Units
Options Exercise
- Transaction value
- Shares
- -2,474
- Change %
- -17%
- Price
- $0.000000*
- Shares after
- 12,371
- Date
- 09 Oct 2026
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 2,474
- Exercise price
- Footnotes
- F4
LQDA
transaction
Derivative
Performance Stock Units
Options Exercise
- Transaction value
- Shares
- -3,868
- Change %
- -10%
- Price
- $0.000000*
- Shares after
- 34,816
- Date
- 09 Oct 2026
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 3,868
- Exercise price
- Footnotes
- F4
* 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 8 footnotes
Footnote F1
Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
Footnote F2
On January 11, 2023, the Reporting Person was granted 62,500 RSUs with 25% of the RSUs vesting on January 11, 2024 and the remaining RSUs vesting ratably on a quarterly basis over three years thereafter. Of those RSUs, a total of 58,594 have vested as of the date of this Form 4.
Footnote F3
Includes (i) 6,250 unvested RSUs of the 25,000 RSUs granted to the Reporting Person on July 6, 2023, (ii) 12,371 unvested RSUs of the 39,588 RSUs granted to the Reporting Person on January 11, 2024, (iii) 34,816 unvested RSUs of the 61,895 RSUs granted to the Reporting Person on January 11, 2025, (iv) 27,683 RSUs granted to the Reporting Person on January 16, 2026, none of which have vested as of the date of this Form 4 and (v) 12,427 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.
Footnote F4
Performance stock units ("PSUs") convert into common stock on a one-for-one basis.
Footnote F5
On January 11, 2024, the Reporting Person was granted 39,588 PSUs which vest upon the following time-based vesting schedule: 25% of the PSUs shall vest on January 11, 2025 and the remaining PSUs shall vest ratably on a quarterly basis over three years thereafter. Of those PSUs, a total of 27,217 have vested as of the date of this Form 4.
Footnote F6
On January 11, 2025, the Reporting Person was granted 61,895 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 27,079 have vested as of the date of this Form 4.
Footnote F7
Transaction effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on December 15, 2023.
Footnote F8
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, 2023, January 11, 2024 and January 11, 2025.