Liquidia CHRO sells shares, exercises stock units
Liquidia Corp Chief Human Resource Officer Sarah Krepp reported a combination of equity award activity and a small share sale.
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Form Type
4
Rhea-AI Filing Summary
Liquidia Corp Chief Human Resource Officer Sarah Krepp reported a combination of equity award activity and a small share sale. She exercised 3,179 performance stock units, which converted to the same number of common shares at a $0.00 exercise price, reflecting previously granted compensation vesting. On a separate date, she sold 4,557 common shares in an open-market transaction at $38.37 per share under a pre-arranged Rule 10b5-1 plan, with the filing noting the sale was to cover taxes from RSU and PSU settlements. After these transactions, she directly holds 147,019 common shares and continues to have sizable unvested RSU and PSU awards scheduled to vest over several years.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Krepp Sarah
Role
Chief Human Resource Officer
Sold
4,557 shs ($175K)
Approx. gross sale proceeds
$175K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,557 | $38.37 | $175K |
| Exercise | Performance Stock Units | 3,179 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,179 | $0.00 | $0.00 |
Holdings After Transaction:
Performance Stock Units — 34,966 contracts (Direct);
Common Stock — 147,019 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 15,895 have vested as of the date of this Form 4.
- F3. Includes (i) 25,640 unvested RSUs of the 61,465 RSUs granted to the Reporting Person on January 11, 2024, (ii) 7,008 unvested RSUs of the 12,459 RSUs granted to the Reporting Person on July 1, 2024, (iii) 34,966 unvested RSUs of the 50,861 RSUs granted to the Reporting Person on January 11, 2025, (iv) 25,000 RSUs granted to the Reporting Person on July 1, 2025, none of which have vested as of the date of this Form 4, (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) 5,749 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 and January 11, 2025.
Key Figures
Common shares sold: 4,557 shares
Sale price: $38.37 per share
Shares held after transaction: 147,019 shares
+5 more
8 metrics
Common shares sold
4,557 shares
Open-market sale on April 13, 2026
Sale price
$38.37 per share
Price for 4,557 common shares sold
Shares held after transaction
147,019 shares
Common stock directly owned after reported trades
PSUs exercised
3,179 units
Performance stock units converting 1:1 into common stock
2025 PSU grant size
50,861 PSUs
Grant dated January 11, 2025 with time-based vesting
Vested PSUs to date
15,895 PSUs
Portion of 50,861-unit grant vested as of this Form 4
Unvested RSUs from Jan 11, 2024 grant
25,640 RSUs
Part of 61,465 RSUs granted January 11, 2024
ESPP shares acquired
5,749 shares
Acquired under Liquidia Corporation 2020 Employee Stock Purchase Plan
Key Terms
Performance stock units, Rule 10b5-1 plan, RSUs, 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.
Rule 10b5-1 plan financial
"Transaction effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on December 15, 2023."
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.
RSUs financial
"Includes (i) 25,640 unvested RSUs of the 61,465 RSUs granted to the Reporting Person on January 11, 2024..."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Employee Stock Purchase Plan financial
"5,749 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Liquidia (LQDA) executive Sarah Krepp report in this Form 4?
Sarah Krepp reported exercising 3,179 performance stock units into common shares and selling 4,557 common shares. The sale occurred at $38.37 per share and was primarily to cover taxes from vested RSUs and PSUs, while she retained 147,019 common shares.
What equity awards did Sarah Krepp exercise in the latest Liquidia (LQDA) filing?
She exercised 3,179 performance stock units, converting them into 3,179 common shares at a $0.00 exercise price. These PSUs are part of a larger 50,861-unit grant from January 11, 2025, which vests over time based on a set schedule.
What is the vesting schedule of Sarah Krepp’s 50,861 Liquidia (LQDA) PSUs?
The 50,861 PSUs granted on January 11, 2025 vest 25% on January 11, 2026, with the remainder vesting quarterly over three years. As of this Form 4, 15,895 PSUs have vested, and the rest remain unvested according to the disclosed schedule.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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