Liquidia (NASDAQ: LQDA) officer eyes $3.7M Rule 144 stock resale

Rhea-AI Filing Summary

Liquidia Corp (LQDA) received a notice under Rule 144 for a planned resale of common stock by officer Rajeev Saggar. The notice covers 50,000 shares of common stock, to be acquired through a stock option exercise for cash on 08/19/2026 and sellable through Morgan Stanley Smith Barney on NASDAQ. Over the prior three months, Saggar reported Rule 144 sales of 29,534 shares on 08/17/2026 and 9,926 shares on 07/13/2026.

Key Figures

Shares proposed for resale: 50,000 shares Aggregate market value of proposed sale: $3,702,825.00 Shares outstanding: 89,508,891 shares +2 more

5 metrics

Shares proposed for resale 50,000 shares Common stock covered by the Rule 144 notice

Aggregate market value of proposed sale $3,702,825.00 Value associated with the 50,000 shares in the Form 144

Shares outstanding 89,508,891 shares Common stock outstanding referenced in the notice

Recent sale 1 29,534 shares for $2,269,380.75 Rule 144 sale by Rajeev Saggar on 08/17/2026

Recent sale 2 9,926 shares for $709,782.87 Rule 144 sale by Rajeev Saggar on 07/13/2026

Key Terms

Rule 144, Stock Option Exercise, aggregate market value

3 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Stock Option Exercise financial

"Common | 08/19/2026 | Stock Option Exercise | Issuer"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

aggregate market value financial

"Common | Morgan Stanley... | 50000 | 3702825.00 | 89508891"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

What stock sale is being reported for Liquidia Corp (LQDA) in this Form 144?

The filing covers a potential resale of 50,000 shares of Liquidia common stock by officer Rajeev Saggar. These shares relate to a stock option exercise for cash on 08/19/2026 and may be sold through Morgan Stanley Smith Barney on NASDAQ.

How many Liquidia (LQDA) shares has Rajeev Saggar sold recently under Rule 144?

Over the past three months, Rajeev Saggar reported Rule 144 sales totaling 39,460 shares. This includes 29,534 shares sold on 08/17/2026 for $2,269,380.75 and 9,926 shares sold on 07/13/2026 for $709,782.87.

What is the aggregate market value of the Liquidia (LQDA) shares covered by this Form 144?

The Form 144 lists an aggregate market value of $3,702,825.00 for the 50,000 shares of Liquidia common stock covered. This figure reflects the value used in the notice for the proposed Rule 144 resale.

Which broker is handling the potential Liquidia (LQDA) stock sale for this Form 144?

The potential sale is listed through Morgan Stanley Smith Barney LLC Executive Financial Services. The shares are identified for possible sale on NASDAQ, consistent with the broker and market information provided in the notice.

How many Liquidia (LQDA) shares are outstanding as referenced in the Form 144?

The notice references 89,508,891 shares of Liquidia common stock outstanding. This number appears alongside the proposed 50,000 share resale and serves as context for the issuer’s total common stock base.

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

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Available on EDGAR 08/19/2026 - 04:04 PM Accepted by SEC EDGAR 08/19/2026 - 04:04 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	0001935638
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	(919) 328-4400
Name of Person for Whose Account the Securities are To Be Sold	RAJEEV SAGGAR
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	50000	3702825.00	89508891	08/19/2026	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	08/19/2026	Stock Option Exercise	Issuer			50000	08/19/2026	Cash

* 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
RAJEEV SAGGAR 419 Davis Drive, Suite 100 Morrisville, NC 27560	Common	08/17/2026	29534	2269380.75
RAJEEV SAGGAR 419 Davis Drive, Suite 100 Morrisville, NC 27560	Common	07/13/2026	9926	709782.87

144: Remarks and Signature

Remarks
Date of Notice	08/19/2026
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/ Rajeev Saggar
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)