Liquidia (LQDA) CCO Moomaw sells 827 shares and converts RSUs

Rhea-AI Filing Summary

Liquidia Corp Chief Commercial Officer Scott Moomaw reported a mix of RSU activity and a small share sale. On March 2, 2026, he completed an open-market sale of 827 shares of common stock at $30.58 per share under a pre-arranged Rule 10b5-1 trading plan. The filing notes these shares were sold to cover taxes from the settlement of restricted stock units originally granted on January 16, 2022. On February 27, 2026, RSUs converted into 1,875 shares of common stock on a one-for-one basis at a stated price of $0.00 per share, reflecting an exercise or conversion of derivative securities. After these transactions, Moomaw directly owned 188,954 shares of common stock, alongside additional unvested RSUs described in the footnotes.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Moomaw Scott

(Last) (First) (Middle)

419 DAVIS DRIVE, SUITE 100

(Street)

MORRISVILLE NC 27560

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/27/2026		M		1,875(2)	A	(1)	189,781(3)	D
Common Stock	03/02/2026		S(4)		827(5)	D	$30.58	188,954(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	02/27/2026		M			1,875	(1)	(1)	Common Stock	1,875	$0	0	D

Explanation of Responses:

1. Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.

2. On January 16, 2022, the Reporting Person was granted 30,000 RSUs with 25% of the RSUs vesting on February 28, 2023 and the remaining RSUs vesting ratably on a quarterly basis over three years thereafter. Of those RSUs, a total of 30,000 have vested as of the date of this Form 4.

3. Includes (i) 20,833 unvested RSUs of the 83,333 RSUs granted to the Reporting Person on January 11, 2023, (ii) 24,861 unvested RSUs of the 49,723 RSUs granted to the Reporting Person on January 11, 2024, (iii) 52,296 unvested RSUs of the 69,729 RSUs granted to the Reporting Person on January 11, 2025, (iv) 32,955 RSUs granted to the Reporting Person on January 16, 2026, none of which have vested as of the date of this Form 4 and (v) 3,964 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.

4. Transactions effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on June 13, 2022.

5. These shares of common stock were sold to cover taxes associated with the settlement of RSUs that were initially granted to the Reporting Person on January 16, 2022.

	/s/ Scott Moomaw	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transactions did Liquidia (LQDA) report for Scott Moomaw?

Liquidia reported that Chief Commercial Officer Scott Moomaw sold 827 common shares and converted 1,875 restricted stock units into common stock. The RSU activity occurred on February 27, 2026, and the share sale followed on March 2, 2026, under a pre-arranged Rule 10b5-1 plan.

How many Liquidia (LQDA) shares did Scott Moomaw sell and at what price?

Scott Moomaw sold 827 shares of Liquidia common stock at $30.58 per share. The filing notes that these shares were sold on March 2, 2026, in open-market transactions executed under a Rule 10b5-1 trading plan, specifically to cover taxes related to RSU settlement.

What RSU activity did Liquidia (LQDA) disclose for Scott Moomaw?

Liquidia disclosed that restricted stock units held by Scott Moomaw converted into 1,875 shares of common stock. This exercise or conversion occurred on February 27, 2026, at a stated price of $0.00 per share, reflecting RSUs that convert into common stock on a one-for-one basis.

Why were Scott Moomaw’s Liquidia (LQDA) shares sold according to the Form 4?

The filing explains that Scott Moomaw’s 827-share sale was to cover taxes associated with settling restricted stock units granted on January 16, 2022. These tax-related sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Moomaw on June 13, 2022.

How many Liquidia (LQDA) shares does Scott Moomaw own after these transactions?

After the reported transactions, Scott Moomaw directly owned 188,954 shares of Liquidia common stock. The footnotes also describe additional unvested restricted stock units and shares acquired under the company’s 2020 Employee Stock Purchase Plan that are included in the overall equity position.

What do the Liquidia (LQDA) Form 4 footnotes reveal about Scott Moomaw’s equity grants?

The footnotes detail multiple RSU grants to Scott Moomaw in 2022, 2023, 2024, 2025, and 2026, including vesting schedules and remaining unvested amounts. They also note 3,964 shares acquired under Liquidia’s 2020 Employee Stock Purchase Plan, clarifying components of his total equity holdings.