Liquidia director plans sale of 9,024 shares

Liquidia Corp (LQDA) director Ramandeep Singh filed a Rule 144 notice covering the potential sale of common stock.

Rhea-AI Filing Summary

Liquidia Corp (LQDA) director Ramandeep Singh filed a Rule 144 notice covering the potential sale of common stock. The notice lists 9,024 shares of common stock held at Morgan Stanley Smith Barney LLC Executive Financial Services, with an aggregate market value of $619,209.73, and indicates the shares are tied to a stock option exercise for cash, with a proposed sale date of September 11, 2026 on NASDAQ.

Key Figures

Shares to be sold: 9,024 shares Aggregate market value: $619,209.73 Proposed sale date: September 11, 2026 +1 more

4 metrics

Shares to be sold 9,024 shares Common stock covered by Ramandeep Singh’s Rule 144 notice

Aggregate market value $619,209.73 Total market value of the 9,024 Liquidia common shares

Proposed sale date September 11, 2026 Proposed date of sale for the shares on NASDAQ

Security type Common stock Class of Liquidia securities covered by the Form 144

Key Terms

Rule 144, Stock Option Exercise, aggregate market value, NASDAQ

4 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 | 09/11/2026 | 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 Smith Barney LLC Executive Financial Services ... | 9024 | 619209.73"

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.

NASDAQ market

"9024 | 619209.73 | 89508891 | 09/11/2026 | NASDAQ"

The Nasdaq is a stock exchange where many companies' shares are bought and sold, functioning much like a marketplace for investments. It matters to investors because it provides a platform to buy and sell ownership stakes in companies, helping them track the value of those companies and make informed decisions. As one of the largest and most technology-focused markets, it also reflects trends and developments in the business world.

FAQ

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

What did Liquidia (LQDA) disclose in this Form 144 filing?

The filing reports that director Ramandeep Singh submitted a Rule 144 notice for the potential sale of 9,024 shares of Liquidia common stock, related to a stock option exercise, with a proposed sale date of September 11, 2026 on NASDAQ.

How many Liquidia (LQDA) shares are covered by Ramandeep Singh’s Form 144?

The Rule 144 notice covers 9,024 shares of Liquidia Corporation common stock. These shares are held through Morgan Stanley Smith Barney LLC Executive Financial Services and are associated with a stock option exercise for cash.

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

The Form 144 lists an aggregate market value of $619,209.73 for the 9,024 common shares of Liquidia Corporation covered by the notice.

When might the Liquidia (LQDA) shares in this Form 144 be sold?

The notice identifies September 11, 2026 as the proposed date of sale for the 9,024 common shares of Liquidia Corporation on NASDAQ, in connection with a stock option exercise.

What is the nature of the transaction in the Liquidia (LQDA) Form 144?

The Form 144 indicates that the 9,024 Liquidia common shares are to be sold in connection with a stock option exercise, with consideration listed as cash, and that the shares are to be sold on NASDAQ.

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

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Available on EDGAR 09/11/2026 - 05:17 PM Accepted by SEC EDGAR 09/11/2026 - 05:17 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	0001747589
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	RAMANDEEP SINGH
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	Director

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	9024	619209.73	89508891	09/11/2026	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	09/11/2026	Stock Option Exercise	Issuer			9024	09/11/2026	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

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	09/11/2026
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	Ramandeep Singh
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)