SEC Form 4 · accession 0001104659-26-083622
Liquidia Corp · LQDA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sarah Krepp
Officer — Chief Human Resource Officer
Period of report
Jul 10, 2026
Accepted (ET)
Jul 14, 2026 · 8:11 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 | 3,179 | — | A | 125,042 | D | |
| Common StockF5,F3 | Jul 13, 2026 | S | 558 | $71.39 | D | 124,484 | D | |
| Common StockF5,F3 | Jul 13, 2026 | S | 7,306 | $71.52 | D | 117,178 | D |
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 | 3,179 | D | — | — | Common Stock | 3,179 | 31,787 | D |
Explanation of responses
- F1Performance stock units ("PSUs") convert into common stock on a one-for-one basis.
- F2On 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.
- F3Includes (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.
- F4Transaction effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on December 15, 2023.
- F5These 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.