Liquidia Sarah Krepp sells 5,245 shares for taxes
The October 12 sale covered taxes on RSU and PSU settlements under a Rule 10b5-1 plan adopted December 15, 2023.
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Form Type
4
Rhea-AI Filing Summary
Liquidia Corp (LQDA) Chief Human Resource Officer Sarah Krepp converted 3,178 performance stock units into 3,178 common shares on October 9, 2026, on a one-for-one basis. The transaction row reports 28,609 performance stock units following the conversion. On October 12, she sold 5,245 common shares at $28.48 per share to cover taxes associated with settling RSUs and PSUs. The sale was made under a Rule 10b5-1 plan adopted December 15, 2023.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Krepp Sarah
Role
Chief Human Resource Officer
Sold
5,245 shs ($149K)
Approx. gross sale proceeds
$149K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F4, F5, F3 | 5,245 | $28.48 | $149K |
| Exercise | Performance Stock Units F1 | 3,178 | $0.00 | $0.00 |
| Exercise | Common Stock F2, F1, F3 | 3,178 | -- | -- |
Holdings After Transaction:
Performance Stock Units — 28,609 contracts (Direct);
Common Stock — 115,241 shares (Direct)
Footnotes (5)
- F1. Performance stock units ("PSUs") convert into common stock on a one-for-one basis.
- F2. 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 22,252 have vested as of the date of this Form 4.
- F3. Includes (i) 17,957 unvested restricted stock units ("RSUs") of the 61,465 RSUs granted to the Reporting Person on January 11, 2024, (ii) 5,451 unvested RSUs of the 12,459 RSUs granted to the Reporting Person on July 1, 2024, (iii) 28,609 unvested RSUs of the 50,861 RSUs granted to the Reporting Person on January 11, 2025, (iv) 17,187 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, and (vi) 404 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.
- F4. Transaction effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on December 15, 2023.
- F5. 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
Common shares sold: 5,245 shares
Sale price: $28.48 per share
Performance stock units converted: 3,178 units
+2 more
5 metrics
Common shares sold
5,245 shares
October 12, 2026
Sale price
$28.48 per share
Sale on October 12, 2026
Performance stock units converted
3,178 units
Converted into 3,178 common shares on October 9, 2026
Performance stock units following conversion
28,609 units
Reported following the October 9, 2026 conversion
Rule 10b5-1 plan adoption date
December 15, 2023
Plan associated with the October 12, 2026 sale
Key Terms
Performance stock units (PSUs), restricted stock units (RSUs), Rule 10b5-1 plan
3 terms
Performance stock units (PSUs) financial
"Performance stock units ("PSUs") convert into common stock"
Performance stock units (PSUs) are a form of executive or employee pay that promise company shares only if pre-set performance goals are met over a defined period; think of them as a bonus paid in stock that arrives only when the company hits agreed targets. Investors watch PSUs because they affect the number of shares outstanding (dilution) and reveal how management’s pay is tied to financial or operational results, aligning incentives with shareholder outcomes.
restricted stock units (RSUs) financial
"unvested restricted stock units ("RSUs")"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
Rule 10b5-1 plan regulatory
"Transaction effected pursuant to a Rule 10b5-1 plan"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many LQDA performance stock units did Sarah Krepp convert?
On October 9, 2026, Sarah Krepp converted 3,178 performance stock units into 3,178 common shares on a one-for-one basis. The transaction row reports 28,609 performance stock units following the conversion.
AI-generated analysis. How Rhea-AI works. Not financial advice.
