Liquidia Corp (LQDA) CAO exercises PSUs, sells 9,002 shares
Rhea-AI Filing Summary
Liquidia Corp Chief Accounting Officer Dana Boyle exercised 3,179 performance stock units into common stock on July 10, 2026, then sold a total of 9,002 common shares on July 13, 2026 at prices of $71.52 and $71.39 per share in open-market transactions.
The PSUs convert into common stock on a one-for-one basis, and the sales were effected under a Rule 10b5-1 trading plan to cover taxes from the settlement of RSUs and PSUs granted on January 11, 2024, January 11, 2025 and July 1, 2025. Boyle continues to hold direct common stock and multiple unvested RSU and PSU awards.
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Insights
Analyzing...
Insider Trade Summary 10b5-1
Net Seller: 9,002 shares ($643,740)
Net Sell
4 txns
Insider
Boyle Dana
Role
Chief Accounting Officer
Sold
9,002 shs ($644K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 641 | $71.39 | $46K |
| Sale | Common Stock | 8,361 | $71.52 | $598K |
| Exercise | Performance Stock Units | 3,179 | $0.00 | -- |
| Exercise | Common Stock | 3,179 | -- | -- |
Holdings After Transaction:
Common Stock — 177,880 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) 9,375 unvested restricted stock units ("RSUs") of the 50,000 RSUs granted to the Reporting Person on January 25, 2023, (ii) 21,406 unvested RSUs of the 57,085 RSUs granted to the Reporting Person on January 11, 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, (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. 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, January 11, 2025 and July 1, 2025.
Key Figures
Total shares sold: 9,002 shares
Sale prices: $71.52 and $71.39 per share
PSUs exercised: 3,179 units
+5 more
8 metrics
Total shares sold
9,002 shares
Aggregate common shares sold in open-market transactions on July 13, 2026
Sale prices
$71.52 and $71.39 per share
Per-share prices for the 8,361- and 641-share sales on July 13, 2026
PSUs exercised
3,179 units
Performance stock units converted into common stock on July 10, 2026
PSU grant size
50,861 PSUs
Performance stock units granted to Dana Boyle on January 11, 2025
PSUs vested to date
19,074 PSUs
Total portion of the January 11, 2025 PSU grant vested as of this report
Unvested RSUs from 2023 grant
9,375 RSUs
Unvested portion of 50,000 RSUs granted on January 25, 2023
Unvested RSUs from 2024 grant
21,406 RSUs
Unvested portion of 57,085 RSUs granted on January 11, 2024
Shares via ESPP
3,964 shares
Shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan
Key Terms
Performance stock units, restricted stock units, Rule 10b5-1 plan, Employee Stock Purchase Plan
4 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) 9,375 unvested restricted stock units ("RSUs") of the 50,000 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 regulatory
"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
"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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Liquidia Corp (LQDA) report for Dana Boyle?
Dana Boyle exercised 3,179 performance stock units into common stock on July 10, 2026, and then sold 9,002 common shares on July 13, 2026 in open-market transactions at prices of $71.52 and $71.39 per share.
What performance stock units did Dana Boyle exercise at Liquidia (LQDA)?
Boyle exercised 3,179 performance stock units, which convert into common stock on a one-for-one basis. These PSUs are part of a 50,861-unit grant from January 11, 2025, of which 19,074 units had vested as of this report.