Liquidia (LQDA) CDO discloses 36,992 unvested RSUs on Form 3

Rhea-AI Filing Summary

Liquidia Corporation’s Chief Development Officer, Sanjeev Khindri, filed a Form 3 disclosing his initial beneficial ownership in the company. He is reported as directly beneficially owning 36,992 shares of common stock, tied to restricted stock units (RSUs) that convert into common stock on a one-for-one basis. These 36,992 RSUs were granted on February 10, 2025, with 25% scheduled to vest approximately one year after the grant date and the remaining units vesting ratably on a quarterly basis over the following three years. As of the Form 3 filing date, none of these RSUs have vested.

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Khindri Sanjeev

(Last) (First) (Middle)

419 DAVIS DRIVE, SUITE 100

(Street)

MORRISVILLE NC 27560

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2026

3. Issuer Name and Ticker or Trading Symbol
Liquidia Corp [ LQDA ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Development Officer

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	36,992(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Restricted stock units ("RSUs") convert into common stock on a one-for-one basis. 25% of the RSUs shall vest approximately one-year after the grant date of such RSUs and the remaining RSUs shall vest ratably on a quarterly basis over three years thereafter. Includes 36,992 granted to the Reporting Person on February 10, 2025, none of which have vested as of the date of this Form 3.

	By: /s/ Sanjeev Khindri	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 5 (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.

FAQ

Who is the reporting person in Liquidia (LQDA)'s latest Form 3?

The reporting person is Sanjeev Khindri, who serves as Chief Development Officer of Liquidia Corporation.

What securities does Sanjeev Khindri report owning in Liquidia (LQDA)?

He reports beneficial ownership of 36,992 shares of common stock, corresponding to restricted stock units (RSUs) that convert into common stock on a one-for-one basis.

How do Sanjeev Khindri’s RSUs in Liquidia (LQDA) vest?

According to the filing, 25% of the RSUs vest approximately one year after the February 10, 2025 grant date, and the remaining RSUs vest ratably on a quarterly basis over three years thereafter.

Have any of Sanjeev Khindri’s RSUs in Liquidia vested yet?

No. The filing states that none of the 36,992 RSUs had vested as of the date of the Form 3.

Is Sanjeev Khindri’s ownership in Liquidia reported as direct or indirect?

The 36,992 shares of common stock underlying the RSUs are reported as direct (D) beneficial ownership, with no indirect ownership entity listed.

What is the role of the RSUs reported in Liquidia (LQDA)'s Form 3?

The RSUs are equity awards that convert into common stock on a one-for-one basis as they vest, representing potential future ownership for the reporting officer.