LQDA Rule 144: Affiliate sale notice and recent disposals

LQDA Rule 144 notice: The filing lists proposed sales of Common stock tied to employee plans and restricted stock units and discloses three recent dispositions by Sarah Krepp.

Rhea-AI Filing Summary

LQDA Rule 144 notice: The filing lists proposed sales of Common stock tied to employee plans and restricted stock units and discloses three recent dispositions by Sarah Krepp. The filing shows 5,749 shares under an Employee Stock Purchase Plan and 19,131 Restricted Stock Units.

The reported dispositions by Sarah Krepp total individual transactions of 276, 4,557, and 16,261 shares on 06/01/2026, 04/13/2026, and 03/13/2026, with proceeds shown as $16,800.12, $174,852.09, and $617,918.00.

Insights

Securities Compliance Analyst

Rule 144 notice discloses planned resale and recent dispositions by an affiliate.

The filing enumerates securities associated with an Employee Stock Purchase Plan (5,749 shares) and Restricted Stock Units (19,131 units). It also lists three dispositions by Sarah Krepp with share counts and gross proceeds.

Timing and disposition mechanics are those reported on the form; cash‑flow recipients and any holds or transfer restrictions are not detailed in the excerpt. Subsequent filings or confirmations would show final sale methods and net proceeds.

Key Figures

Employee Stock Purchase Plan shares: 5,749 shares Restricted Stock Units: 19,131 units Disposition on 03/13/2026: 16,261 shares +2 more

5 metrics

Employee Stock Purchase Plan shares 5,749 shares listed under Securities To Be Sold

Restricted Stock Units 19,131 units listed under Securities To Be Sold

Disposition on 03/13/2026 16,261 shares sale by Sarah Krepp, proceeds <money>$617,918.00</money>

Disposition on 04/13/2026 4,557 shares sale by Sarah Krepp, proceeds <money>$174,852.09</money>

Disposition on 06/01/2026 276 shares sale by Sarah Krepp, proceeds <money>$16,800.12</money>

Key Terms

Employee Stock Purchase Plan, Restricted Stock Units, Common

3 terms

Employee Stock Purchase Plan financial

"Employee Stock Purchase Plan | Issuer | 5749"

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

Restricted Stock Units financial

"Restricted Stock Units | Issuer | 19131"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Common market

"Common | Morgan Stanley Smith Barney LLC Executive Financial Services"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does LQDA's Form 144 disclose about securities being sold?

The Form 144 lists 5,749 shares under an Employee Stock Purchase Plan and 19,131 Restricted Stock Units as securities referenced in the notice. It identifies methods and counts for potential resale but does not state final sale execution details.

Who reported recent stock dispositions in the LQDA Form 144?

Sarah Krepp is the reporting party. The filing lists three past dispositions on 03/13/2026, 04/13/2026, and 06/01/2026 with share counts and gross amounts shown for each transaction.

How many shares did Sarah Krepp report selling in recent transactions?

The filing shows dispositions of 16,261, 4,557, and 276 shares on the listed dates. Each transaction row in the excerpt includes the share count and a corresponding dollar amount of proceeds.

Does the Form 144 state who receives the proceeds from these sales for LQDA?

The excerpt reports gross dollar amounts for each disposition but does not identify who received the proceeds. The notice format lists transaction proceeds; payee or net‑proceeds allocation is not specified in the provided content.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/11/2026 - 04:26 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0002074990
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	LIQUIDIA CORPORATION
SEC File Number	001-39724
Address of Issuer	419 Davis Drive, Suite 100, Morrisville NORTH CAROLINA 27560
Phone	9193284400
Name of Person for Whose Account the Securities are To Be Sold	SARAH KREPP
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	24880	1623420.00	88928099	06/11/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/29/2024	Employee Stock Purchase Plan	Issuer			5749	02/29/2024	Cash
Common	05/31/2024	Restricted Stock Units	Issuer			19131	05/31/2024	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
SARAH KREPP 419 Davis Drive, Suite 100, Morrisville NC 27560	Common	06/01/2026	276	16800.12
SARAH KREPP 419 Davis Drive, Suite 100, Morrisville NC 27560	Common	04/13/2026	4557	174852.09
SARAH KREPP 419 Davis Drive, Suite 100, Morrisville NC 27560	Common	03/13/2026	16261	617918.00

144: Remarks and Signature

Remarks	The securities to be sold were acquired upon the vesting of employee stock purchase plan during the period of 02/29/2024 through 02/28/2026. The securities to be sold were acquired upon the vesting of restricted stock units during the period of 5/31/2024 through 02/28/2026.
Date of Notice	06/11/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	03/12/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Sarah Krepp
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)