LiqTech (LIQT) CFO awarded RSUs; stock withheld to cover taxes on vesting

Rhea-AI Filing Summary

LiqTech International CFO and COO David Kowalczyk reported equity compensation activity in the company’s common stock. On December 19, 2025, he was awarded 94,368 shares of common stock underlying restricted stock units, which will vest in equal parts on January 3, 2026, January 3, 2027 and January 3, 2028.

On January 3, 2026, 5,589 shares were withheld by the company at a price of $1.49 per share to cover withholding taxes on the initial RSU vesting. After these transactions, Kowalczyk directly beneficially owned 88,779 shares of LiqTech common stock.

Insider Trade Summary

Net Buyer: 88,779 shares

Net Buy 2 txns

Insider Kowalczyk David

Role CFO and COO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	5,589	$1.49	$8K
Grant/Award	Common Stock	94,368	$0.00	$0.00

Holdings After Transaction: Common Stock — 88,779 shares (Direct)

Footnotes (2)

1. F1. Represents shares of Common Stock underlying restricted stock unit awards ("RSUs") from the Issuer. The RSUs will vest ratably on January 3, 2026, January 3, 2027 and January 3, 2028.
2. F2. Represents shares withheld by the Issuer in connection with a net settlement of the RSUs initial vesting. Shares were withheld for the payment of withholding taxes.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 01/13/2026 - 04:01 PM Learn about SEC filing dates

FAQ

What insider transaction did LiqTech (LIQT) report for its CFO?

The CFO and COO, David Kowalczyk, reported receiving 94,368 shares of LiqTech common stock underlying restricted stock units, plus a separate tax-related share withholding.

How many LiqTech (LIQT) RSU shares were granted to the CFO and how do they vest?

The grant covers 94,368 shares of common stock underlying RSUs that vest ratably on January 3, 2026, January 3, 2027 and January 3, 2028.

Why were 5,589 LiqTech (LIQT) shares withheld from the CFO on January 3, 2026?

5,589 shares were withheld by the company in connection with a net settlement of the initial RSU vesting, to pay required withholding taxes.

At what price were the withheld LiqTech (LIQT) shares valued for tax purposes?

The 5,589 shares withheld on January 3, 2026 were valued at $1.49 per share for the tax withholding transaction.

How many LiqTech (LIQT) shares does the CFO own after these Form 4 transactions?

Following the reported transactions, David Kowalczyk directly beneficially owned 88,779 shares of LiqTech common stock.

Were the LiqTech (LIQT) RSUs granted to the CFO part of his compensation?

Yes. The filing describes the 94,368 shares as common stock underlying restricted stock unit awards (RSUs) from the issuer, which is a form of equity compensation.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Kowalczyk David

(Last) (First) (Middle)

INDUSTRIPARKEN 22C

(Street)

BALLERUP, DENMARK 2750

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LIQTECH INTERNATIONAL INC [ LIQT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO and COO

3. Date of Earliest Transaction (Month/Day/Year)
12/19/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/19/2025		A		94,368(1)	A	$0	94,368	D
Common Stock	01/03/2026		F		5,589(2)	D	$1.49	88,779	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of Common Stock underlying restricted stock unit awards ("RSUs") from the Issuer. The RSUs will vest ratably on January 3, 2026, January 3, 2027 and January 3, 2028.

2. Represents shares withheld by the Issuer in connection with a net settlement of the RSUs initial vesting. Shares were withheld for the payment of withholding taxes.

	/s/ David Kowalczyk	01/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.