SEC Form 4 · accession 0001104659-26-083619
Liquidia Corp · LQDA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roger Jeffs
Officer — Chief Executive Officer · Director
Period of report
Jul 10, 2026
Accepted (ET)
Jul 14, 2026 · 8:07 pm EDT
Rule 10b5-1 plan
yes — trade under a plan
Issuer CIK
0001819576
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F1,F3 | Jul 10, 2026 | M | 13,834 | — | A | 1,151,342 | D | |
| Common StockF4,F1,F3 | Jul 10, 2026 | M | 14,333 | — | A | 1,165,675 | D | |
| Common StockF6,F3 | Jul 13, 2026 | S | 2,505 | $71.39 | D | 1,163,170 | D | |
| Common StockF6,F3 | Jul 13, 2026 | S | 32,744 | $71.52 | D | 1,130,426 | D | |
| Common StockF7 | holding | — | — | — | 46,595 | I | See footnote | |
| Common StockF8 | holding | — | — | — | 1,041,667 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF1 | — | Jul 10, 2026 | M | 13,834 | D | — | — | Common Stock | 13,834 | 83,001 | D |
| Performance Stock UnitsF1 | — | Jul 10, 2026 | M | 14,333 | D | — | — | Common Stock | 14,333 | 143,329 | D |
Explanation of responses
- F1Performance stock units ("PSUs") convert into common stock on a one-for-one basis.
- F2On January 11, 2024, the Reporting Person was granted 221,338 PSUs which vest upon the following time-based vesting schedule: 25% of the PSUs shall vest on January 11, 2025 and the remaining PSUs vesting ratably on a quarterly basis over three years thereafter. Of those PSUs, a total of 138,337 have vested as of the date of this Form 4.
- F3Includes (i) 36,187 unvested restricted stock units ("RSUs") of the 289,500 RSUs granted to the Reporting Person on January 11, 2023, (ii) 83,001 unvested RSUs of the 221,338 RSUs granted to the Reporting Person on January 11, 2024, (iii) 143,329 unvested RSUs of the 229,327 RSUs granted to the Reporting Person on January 11, 2025 and (iv) 115,344 RSUs granted to the Reporting Person on January 16, 2026, none of which have vested as of the date of this Form 4.
- F4On January 11, 2025, the Reporting Person was granted 229,327 PSUs which vest upon the following time-based vesting schedule: 25% of the PSUs shall vest on January 11, 2026 and the remaining PSUs vesting ratably on a quarterly basis over three years thereafter. Of those PSUs, a total of 85,998 have vested as of the date of this Form 4.
- F5Transaction effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on December 15, 2023.
- F6These shares 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.
- F7The securities are held by Roger A. Jeffs Living Trust UAD 2/29/2000 (the "Trust"). The Reporting Person is the trustee of the Trust.
- F8The securities are held by Serendipity BioPharma LLC ("Serendipity"). The Reporting Person is a manager of Serendipity and has sole voting and dispositive power over the Issuer common stock held by Serendipity.