Liquidia officer sells shares to cover RSU taxes
Liquidia Corp Chief Accounting Officer Dana Boyle reported an open-market sale of 1,576 shares of common stock at $37.78 per share.
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Form Type
4
Rhea-AI Filing Summary
Liquidia Corp Chief Accounting Officer Dana Boyle reported an open-market sale of 1,576 shares of common stock at $37.78 per share. The transaction was executed under a pre-arranged Rule 10b5-1 plan adopted on December 15, 2023 and was made to cover taxes tied to the settlement of previously granted restricted stock units. After the sale, Boyle directly holds 175,342 shares, which include significant unvested RSU awards and shares acquired through the company’s employee stock purchase plan.
Insider Trade Summary 10b5-1
Net Seller: 1,576 shares
Net Sell
1 txn
Insider
Boyle Dana
Role
Chief Accounting Officer
Sold
1,576 shs ($60K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,576 | $37.78 | $60K |
Holdings After Transaction:
Common Stock — 175,342 shares (Direct)
Footnotes (3)
- F1. Transaction effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on December 15, 2023.
- F2. These shares of common stock were sold to cover taxes associated with the settlement of restricted stock units ("RSUs") that were initially granted to the Reporting Person on January 25, 2023.
- F3. Includes (i) 9,375 unvested RSUs of the 50,000 RSUs granted to the Reporting Person on January 25, 2023, (ii) 24,975 unvested RSUs of the 57,085 RSUs granted to the Reporting Person on January 11, 2024, (iii) 34,966 unvested RSUs of the 50,861 RSUs granted to the Reporting Person on January 11, 2025, (iv) 25,000 RSUs granted to the Reporting Person on July 1, 2025, none of which have vested as of the date of this Form 4, (v) 23,728 RSUs granted to the Reporting Person on January 16, 2026, none of which have vested as of the date of this Form 4 and (vi) 3,964 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.
Key Figures
Shares sold: 1,576 shares
Sale price: $37.78 per share
Shares held after: 175,342 shares
+5 more
8 metrics
Shares sold
1,576 shares
Open-market sale on April 27, 2026
Sale price
$37.78 per share
Price for 1,576 sold shares
Shares held after
175,342 shares
Direct holdings following transaction
2023 unvested RSUs
9,375 RSUs
From 50,000-unit grant on January 25, 2023
2024 unvested RSUs
24,975 RSUs
From 57,085-unit grant on January 11, 2024
2025 unvested RSUs (Jan grant)
34,966 RSUs
From 50,861-unit grant on January 11, 2025
2025 unvested RSUs (July grant)
25,000 RSUs
Grant on July 1, 2025, none vested
2026 unvested RSUs
23,728 RSUs
Grant on January 16, 2026, none vested
Key Terms
Rule 10b5-1 plan, restricted stock units ("RSUs"), unvested RSUs, Employee Stock Purchase Plan, +1 more
5 terms
Rule 10b5-1 plan regulatory
"Transaction effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on December 15, 2023."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
restricted stock units ("RSUs") financial
"These shares of common stock were sold to cover taxes associated with the settlement of restricted stock units ("RSUs") that were initially granted..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
unvested RSUs financial
"Includes (i) 9,375 unvested RSUs of the 50,000 RSUs granted..."
Employee Stock Purchase Plan financial
"and (vi) 3,964 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan."
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.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Liquidia Corp (LQDA) report for Dana Boyle?
Liquidia reported that Chief Accounting Officer Dana Boyle sold 1,576 shares of common stock at $37.78 per share. The sale was executed under a Rule 10b5-1 trading plan and was made specifically to cover taxes related to the settlement of restricted stock units.
Was Dana Boyle’s LQDA stock sale part of a pre-planned Rule 10b5-1 program?
Yes. The filing states the transaction was effected under a Rule 10b5-1 plan adopted on December 15, 2023. Such plans pre-schedule trades, indicating this sale followed an established trading program rather than a discretionary, opportunistic market decision.
What unvested RSUs does Dana Boyle have in Liquidia Corp (LQDA)?
The filing lists 9,375 unvested RSUs from a 50,000-unit grant in 2023, 24,975 from a 57,085-unit grant in 2024, and 34,966 from a 50,861-unit grant in 2025. It also includes 25,000 RSUs from July 2025 and 23,728 RSUs from January 2026, none yet vested.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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