Liquidia (NASDAQ: LQDA) CCO sells shares to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Liquidia Corp’s Chief Commercial Officer Scott Moomaw reported multiple equity transactions involving company stock. On April 10, 2026, he exercised performance stock units, converting a total of 7,465 PSUs into shares of common stock at an exercise price of $0.00 per share.
On April 13, 2026, he then sold 8,861 shares at $38.37 and 1,686 shares at $38.20 in open-market transactions. Footnotes state these shares were sold to cover taxes tied to the settlement of RSUs and PSUs granted in 2023, 2024 and 2025, and that the transactions were executed under Rule 10b5-1 trading plans.
After these transactions, Moomaw directly holds 184,558 shares of common stock, along with substantial unvested RSU and PSU awards referenced in the footnotes, indicating he retains a significant ongoing equity stake in Liquidia.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 10,547 shares ($404,402)
Net Sell
6 txns
Insider
Moomaw Scott
Role
Chief Commercial Officer
Sold
10,547 shs ($404K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 8,861 | $38.37 | $340K |
| Sale | Common Stock | 1,686 | $38.20 | $64K |
| Exercise | Performance Stock Units | 3,107 | $0.00 | -- |
| Exercise | Performance Stock Units | 4,358 | $0.00 | -- |
| Exercise | Common Stock | 3,107 | $0.00 | -- |
| Exercise | Common Stock | 4,358 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 186,244 shares (Direct);
Performance Stock Units — 21,754 shares (Direct)
Footnotes (1)
- Performance stock units ("PSUs") convert into common stock on a one-for-one basis. On January 11, 2024, the Reporting Person was granted 49,723 PSUs which vest upon the following time-based vesting schedule: 25% of the PSUs shall vest on January 11, 2025 and the remaining PSUs shall vest ratably on a quarterly basis over three years thereafter. Of those PSUs, a total of 27,969 have vested as of the date of this Form 4. Includes (i) 15,625 unvested restricted stock units ("RSUs") of the 83,333 RSUs granted to the Reporting Person on January 11, 2023, (ii) 21,754 unvested RSUs of the 49,723 RSUs granted to the Reporting Person on January 11, 2024, (iii) 47,938 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) 2,650 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan. On January 11, 2025, the Reporting Person was granted 69,729 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 21,791 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, 2023, January 11, 2024 and January 11, 2025. Transaction effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on November 7, 2025.
Key Figures
Open-market sale 1: 8,861 shares at $38.37
Open-market sale 2: 1,686 shares at $38.20
Total shares sold: 10,547 shares
+5 more
8 metrics
Open-market sale 1
8,861 shares at $38.37
Common Stock sale on April 13, 2026
Open-market sale 2
1,686 shares at $38.20
Common Stock sale on April 13, 2026
Total shares sold
10,547 shares
Net shares sold across reported S-code trades
PSUs converted 1
3,107 PSUs
Converted into common stock on April 10, 2026
PSUs converted 2
4,358 PSUs
Converted into common stock on April 10, 2026
Shares held after trades
184,558 shares
Direct common stock ownership after April 13, 2026 sales
2024 PSU grant
49,723 PSUs
Granted January 11, 2024; 27,969 vested as of this Form 4
2025 PSU grant
69,729 PSUs
Granted January 11, 2025; 21,791 vested as of this Form 4
Key Terms
Performance stock units, restricted stock units, Rule 10b5-1 plan, Employee Stock Purchase Plan, +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) 15,625 unvested restricted stock units ("RSUs") of the 83,333 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.
Employee Stock Purchase Plan financial
"2,650 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.
vest ratably on a quarterly basis financial
"the remaining PSUs shall vest ratably on a quarterly basis over three years thereafter."
FAQ
What insider transactions did Liquidia (LQDA) CCO Scott Moomaw report?
Scott Moomaw reported exercising performance stock units into common stock and selling shares in the open market. The sales were used to cover tax obligations related to vested RSUs and PSUs granted in 2023, 2024 and 2025, under Rule 10b5-1 trading plans.
How many performance stock units did Liquidia (LQDA) CCO Scott Moomaw convert?
Scott Moomaw converted 3,107 and 4,358 performance stock units into common stock on April 10, 2026. Footnotes explain PSUs convert into common stock on a one-for-one basis, so 7,465 new shares of Liquidia common stock were issued to him at an exercise price of $0.00.