SEC Form 4 · accession 0001104659-26-086660

Liquidia Corp · LQDA

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Stephen M Bloch

Director

Period of report

Jul 22, 2026

Accepted (ET)

Jul 24, 2026 · 4:30 pm EDT

Rule 10b5-1 plan

box not checked

Issuer CIK

0001819576

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1,F2	Jul 22, 2026	S	37,406	$87.7016	D	664,071	I	See footnote
Common Stock^F3,F2	Jul 22, 2026	S	48,032	$88.6461	D	616,039	I	See footnote
Common Stock^F4,F2	Jul 22, 2026	S	14,562	$89.2425	D	601,477	I	See footnote
Common Stock^F5,F2	Jul 23, 2026	S	96,400	$89.4388	D	505,077	I	See footnote
Common Stock^F6,F2	Jul 23, 2026	S	3,600	$90.7065	D	501,477	I	See footnote
Common Stock	holding	—	—		—	71,594	D

Table II — derivative securities

No Table II lines on this filing.

Explanation of responses

F1The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $87.16 to $88.155, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
F2The securities are held directly by Canaan VIII L.P. ("Canaan LP"). Canaan Partners VIII LLC ("Canaan LLC" and together with Canaan LP, the "Canaan Entities") is the sole general partner of Canaan LP. Investment and voting decisions with respect to the securities held by Canaan LP are made by the managers of Canaan LLC, collectively. The Reporting Person disclaims beneficial ownership of the securities held by the Canaan Entities, except to the extent of his pecuniary interest, if any, in such securities by virtue of the limited liability company interests he owns in Canaan LLC. The Canaan Entities have instituted a communications-screen policy with respect to securities matters relating to the Issuer, and the Reporting Person did not participate in this investment decision.
F3The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $88.16 to $89.15, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
F4The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $89.16 to $89.42, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
F5The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $89.00 to $89.95, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
F6The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $90.505 to $90.90, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.