Liquidia Corp (LQDA) CHRO sells 7,864 shares in tax-related trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Liquidia Corp Chief Human Resource Officer Sarah Krepp exercised 3,179 performance stock units on July 10, 2026, converting them into an equal number of common shares. On July 13, she executed open-market sales totaling 7,864 common shares at about $71.40–$71.50 per share, leaving 117,178 shares owned directly.
The sales were carried out under a Rule 10b5-1 plan adopted in December 2023 and were used to cover taxes tied to the settlement of earlier RSU and PSU grants. Krepp also retains multiple unvested RSU and PSU awards scheduled to vest over several years.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 7,864 shares ($562,361)
Net Sell
4 txns
Insider
Krepp Sarah
Role
Chief Human Resource Officer
Sold
7,864 shs ($562K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 558 | $71.39 | $40K |
| Sale | Common Stock | 7,306 | $71.52 | $523K |
| Exercise | Performance Stock Units | 3,179 | $0.00 | -- |
| Exercise | Common Stock | 3,179 | -- | -- |
Holdings After Transaction:
Common Stock — 124,484 shares (Direct);
Performance Stock Units — 31,787 shares (Direct)
Footnotes (1)
- Performance stock units ("PSUs") convert into common stock on a one-for-one basis. On January 11, 2025, the Reporting Person was granted 50,861 PSUs which vest upon the following time-based vesting schedule: 25% of the PSUs shall vest on January 11, 2026 and the remaining PSUs shall vest ratably on a quarterly basis over three years thereafter. Of those PSUs, a total of 19,074 have vested as of the date of this Form 4. Includes (i) 21,799 unvested restricted stock units ("RSUs") of the 61,465 RSUs granted to the Reporting Person on January 11, 2024, (ii) 6,229 unvested RSUs of the 12,459 RSUs granted to the Reporting Person on July 1, 2024, (iii) 31,787 unvested RSUs of the 50,861 RSUs granted to the Reporting Person on January 11, 2025, (iv) 18,750 unvested RSUs of the 25,000 RSUs granted to the Reporting Person on July 1, 2025 and (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. Transaction effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on December 15, 2023. These shares of common stock were sold to cover taxes associated with the settlement of RSUs and PSUs that were initially granted to the Reporting Person on January 11, 2024, July 1, 2024, January 11, 2025 and July 1, 2025.
Key Figures
Shares sold: 7,864 shares
Sale price per share: $71.52
Sale price per share: $71.39
+5 more
8 metrics
Shares sold
7,864 shares
Total common shares sold on July 13, 2026 in two open-market transactions
Sale price per share
$71.52
Price for 7,306-share common stock sale on July 13, 2026
Sale price per share
$71.39
Price for 558-share common stock sale on July 13, 2026
Shares held after sales
117,178 shares
Direct common stock ownership after July 13, 2026 transactions
PSUs converted to common
3,179 PSUs
Performance stock units exercised into common stock on July 10, 2026
PSUs granted January 11, 2025
50,861 PSUs
Performance stock units grant with time-based vesting schedule
PSUs vested to date
19,074 PSUs
Portion of the January 11, 2025 PSU grant vested as of this Form 4
Unvested RSUs from January 11, 2024 grant
21,799 RSUs
Unvested portion of 61,465 RSUs granted on January 11, 2024
Key Terms
Performance stock units, restricted stock units, Rule 10b5-1 plan, vesting schedule, +1 more
5 terms
Performance stock units financial
"Performance stock units ("PSUs") convert into common stock on a one-for-one basis"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
restricted stock units financial
"Includes (i) 21,799 unvested restricted stock units ("RSUs") of the 61,465 RSUs granted"
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.
Rule 10b5-1 plan financial
"Transaction effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person"
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.
vesting schedule financial
"PSUs which vest upon the following time-based vesting schedule: 25% on January 11, 2026"
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
settlement of RSUs and PSUs financial
"shares of common stock were sold to cover taxes associated with the settlement of RSUs and PSUs"
FAQ
What performance and restricted stock units does Sarah Krepp still have at Liquidia (LQDA)?
Krepp was granted 50,861 performance stock units on January 11, 2025, of which 19,074 have vested so far. She also holds multiple unvested RSU grants, including 21,799, 6,229, 31,787, 18,750 and 23,728 RSUs from grants between 2024 and 2026.