Sarah Krepp - Dec 1, 2025 Form 4 Insider Report for Liquidia Corp (LQDA)

Role
Chief Human Resource Officer
Signature
/s/ Sarah Krepp
Stock symbol
LQDA
Transactions as of
Dec 1, 2025
Transactions value $
-$7,114
Form type
4
Date filed
12/2/2025, 04:33 PM
Previous filing
Oct 15, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Krepp Sarah Chief Human Resource Officer 419 DAVIS DRIVE, SUITE 100, MORRISVILLE /s/ Sarah Krepp 2025-12-02 0002074990

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDA Common Stock Sale -$7.11K -221 -0.16% $32.19 141K Dec 1, 2025 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Transaction effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on December 15, 2023.
F2 These shares of common stock were sold to cover taxes associated with the settlement of restricted stock units ("RSUs") that were initially granted to the Reporting Person on January 11, 2024.
F3 Includes (i) 32,698 unvested RSUs of the 61,465 RSUs granted to the Reporting Person on January 11, 2024, (ii) 8,565 unvested RSUs of the 12,459 RSUs granted to the Reporting Person on July 1, 2024, (iii) 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, (iv) 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 (v) 5,312 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.