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  4. [144] Liquidia Corp SEC Filing

Liquidia officer plans $5.2M sale of 73K shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Liquidia Corporation (LQDA) received a notice that officer Jason Adair intends to sell common stock under Rule 144. The notice covers up to 73,631 shares of common stock, based on a holding of 73,631 shares with an aggregate market value of $5,231,482.55 as of August 21, 2026, when 89,508,891 shares were outstanding. The planned sales relate to shares acquired through the exercise of stock options for 31,799 shares and the vesting of restricted stock units for 41,832 shares, all originally issued by Liquidia. A prior sale of 7,863 shares for $562,288.70 during the past three months is also disclosed.

Positive

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Negative

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Shares to be sold under Rule 144 73,631 shares Maximum number of Liquidia common shares covered by Jason Adair’s notice
Aggregate market value of shares held $5,231,482.55 Value of 73,631 shares of Liquidia common stock as of August 21, 2026
Shares outstanding 89,508,891 shares Liquidia common shares outstanding as of August 21, 2026
Shares from stock option exercise 31,799 shares Liquidia common stock underlying options to be sold on August 21, 2026
Shares from restricted stock units 41,832 shares Liquidia common stock from vested RSUs dated April 11, 2024
Shares sold in past 3 months 7,863 shares Liquidia common shares sold by Jason Adair on July 13, 2026
Proceeds from recent sale $562,288.70 Total consideration received for 7,863 shares sold on July 13, 2026
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.
restricted stock units financial
"Restricted Stock Units | Issuer | | | 41832 | 04/11/2024 | N/A"
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.
Exercise of Stock Options financial
"Exercise of Stock Options | Issuer | | | 31799 | 08/21/2026"
aggregate market value financial
"Common | ... | 73631 | 5231482.55 | 89508891 | 08/21/2026"
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 does Liquidia (LQDA) disclose about Jason Adair’s planned stock sale?
The filing states that officer Jason Adair has notified of an intended sale under Rule 144 covering up to 73,631 shares of Liquidia common stock, reflecting his reported holdings on the notice date.

How many Liquidia (LQDA) shares is Jason Adair planning to sell under Rule 144?
Jason Adair’s Rule 144 notice covers up to 73,631 shares of Liquidia common stock, corresponding to his reported share position at the time of the notice.

What is the value of the Liquidia (LQDA) shares covered by Jason Adair’s Rule 144 notice?
The 73,631 Liquidia common shares covered by the notice have an aggregate market value of $5,231,482.55 as of August 21, 2026, according to the disclosure.

How were the Liquidia (LQDA) shares to be sold by Jason Adair acquired?
The shares were acquired from the exercise of stock options for 31,799 shares dated August 21, 2026, and from restricted stock units for 41,832 shares that vested between April 11, 2024 and April 11, 2026.

Has Jason Adair sold any Liquidia (LQDA) shares recently?
Yes. The disclosure lists a prior sale by Jason Adair of 7,863 shares of Liquidia common stock on July 13, 2026 for total proceeds of $562,288.70.

What is the total number of Liquidia (LQDA) shares outstanding cited in the notice?
Liquidia reports 89,508,891 shares of common stock outstanding as of August 21, 2026 in connection with this Rule 144 notice.

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

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144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR