Liquidia (LQDA) General Counsel sells shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Liquidia Corp’s General Counsel Russell Schundler reported several equity transactions. He sold 1,073 shares of common stock in an open‑market trade at $30.58 per share, executed under a Rule 10b5‑1 trading plan and described as covering taxes from previously granted restricted stock units (RSUs). He also exercised 2,344 RSUs, which converted into an equal number of common shares at no cost, increasing his directly held common stock to 614,057 shares. Separately, 14,500 common shares are reported as held indirectly by his spouse, with beneficial ownership disclaimed except to the extent of his pecuniary interest. Footnotes detail multiple prior RSU grants and unvested awards that are included in his overall equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,073 shares ($32,812)
Net Sell
4 txns
Insider
Schundler Russell
Role
General Counsel
Sold
1,073 shs ($33K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,073 | $30.58 | $33K |
| Exercise | Restricted Stock Units | 2,344 | $0.00 | -- |
| Exercise | Common Stock | 2,344 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 614,057 shares (Direct);
Restricted Stock Units — 0 shares (Direct);
Common Stock — 14,500 shares (Indirect, By Spouse)
Footnotes (1)
- Restricted stock units ("RSUs") convert into common stock on a one-for-one basis. On January 16, 2022, the Reporting Person was granted 37,500 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 37,500 have vested as of the date of this Form 4. Includes (i) 26,042 unvested RSUs of the 104,167 RSUs granted to the Reporting Person on January 11, 2023, (ii) 55,067 unvested RSUs of the 110,135 RSUs granted to the Reporting Person on January 11, 2024, (iii) 76,907 unvested RSUS of the 102,543 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) 12,306 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 that were initially granted to the Reporting Person on January 16, 2022. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
FAQ
What insider transactions did Liquidia (LQDA) General Counsel Russell Schundler report?
Russell Schundler reported selling 1,073 shares of Liquidia common stock at $30.58 per share and exercising 2,344 restricted stock units into common stock at no cost. He now directly holds 614,057 common shares, plus additional equity through unvested RSUs and employee stock purchase plan shares.
What restricted stock unit activity did Liquidia (LQDA) report for Russell Schundler?
The filing shows 2,344 restricted stock units converted into an equal number of Liquidia common shares at a $0.00 exercise price. Footnotes describe a 37,500 RSU grant from January 16, 2022 that is now fully vested and multiple later RSU grants with significant unvested balances remaining.