Liquidia (LQDA) director Stephen Bloch granted 5,882 RSU shares in equity award

Rhea-AI Filing Summary

Liquidia Corp director Stephen M. Bloch reported a compensation-related equity grant. He received 5,882 shares of Common Stock at a price of $0.00 per share, recorded as a grant or award rather than an open-market purchase.

These shares arise from restricted stock units that convert into common stock on a one-for-one basis and vest upon the earlier of the one-year anniversary of the grant date or the day prior to Liquidia’s next annual shareholder meeting. Following this grant, Bloch directly holds 71,594 shares of Common Stock.

The filing also shows 980,073 shares of Common Stock held indirectly through Canaan VIII L.P. and related Canaan entities. Investment and voting decisions for these indirect holdings are made collectively by the managers of Canaan Partners VIII LLC, and Bloch disclaims beneficial ownership of those securities except to the extent of any pecuniary interest.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Bloch Stephen M

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	5,882	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 71,594 shares (Direct, null); Common Stock — 980,073 shares (Indirect, See footnote)

Footnotes (1)

1. The securities are held directly by Canaan VIII L.P. ("Canaan LP"). Canaan Partners VIII LLC ("Canaan LLC" and together with Canaan LP, the "Canaan Entities") is the sole general partner of Canaan LP. Investment and voting decisions with respect to the securities held by Canaan LP are made by the managers of Canaan LLC, collectively. The Reporting Person disclaims beneficial ownership of the securities held by the Canaan Entities, except to the extent of his pecuniary interest, if any, in such securities by virtue of the limited liability company interests he owns in Canaan LLC. The Canaan Entities have instituted a communications-screen policy with respect to securities matters relating to the Issuer, and the Reporting Person did not participate in this investment decision. Restricted stock units ("RSUs") convert into common stock on a one-for-one basis. The RSUs shall vest upon the earlier of (i) the one-year anniversary of the date of grant or (ii) the day prior to the Issuer's next annual shareholder meeting following the date of grant.

Key Figures

RSU share grant: 5,882 shares Grant price: $0.00 per share Direct holdings after grant: 71,594 shares +1 more

4 metrics

RSU share grant 5,882 shares Common Stock grant at $0.00 per share to director

Grant price $0.00 per share Price for 5,882 Common Stock shares granted

Direct holdings after grant 71,594 shares Common Stock directly held by Stephen M. Bloch after transaction

Indirect holdings via Canaan 980,073 shares Common Stock held by Canaan VIII L.P. and related entities

Key Terms

Restricted stock units ("RSUs"), pecuniary interest, communications-screen policy, annual shareholder meeting

4 terms

Restricted stock units ("RSUs") financial

"Restricted stock units ("RSUs") convert into common stock on a one-for-one basis."

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

pecuniary interest financial

"except to the extent of his pecuniary interest, if any, in such securities"

communications-screen policy regulatory

"The Canaan Entities have instituted a communications-screen policy with respect to securities matters"

annual shareholder meeting financial

"the day prior to the Issuer's next annual shareholder meeting following the date of grant."

A yearly gathering where a company’s owners (shareholders) and its leaders meet to review performance, approve key decisions like electing directors, and vote on issues such as executive pay or major policy changes. Think of it as an annual town hall for people who own part of the business: investors use it to ask questions, influence direction through votes, and gauge management’s plans and transparency, all of which can affect the stock’s outlook.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bloch Stephen M

(Last) (First) (Middle)

419 DAVIS DRIVE, SUITE 100

(Street)

MORRISVILLE NORTH CAROLINA 27560

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Liquidia Corp [ LQDA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								980,073	I	See footnote(1)
Common Stock	06/16/2026		A(2)		5,882(3)	A	$0	71,594	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The securities are held directly by Canaan VIII L.P. ("Canaan LP"). Canaan Partners VIII LLC ("Canaan LLC" and together with Canaan LP, the "Canaan Entities") is the sole general partner of Canaan LP. Investment and voting decisions with respect to the securities held by Canaan LP are made by the managers of Canaan LLC, collectively. The Reporting Person disclaims beneficial ownership of the securities held by the Canaan Entities, except to the extent of his pecuniary interest, if any, in such securities by virtue of the limited liability company interests he owns in Canaan LLC. The Canaan Entities have instituted a communications-screen policy with respect to securities matters relating to the Issuer, and the Reporting Person did not participate in this investment decision.

2. Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.

3. The RSUs shall vest upon the earlier of (i) the one-year anniversary of the date of grant or (ii) the day prior to the Issuer's next annual shareholder meeting following the date of grant.

	/s/ Dr. Stephen M. Bloch	06/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Liquidia Corp (LQDA) report for Stephen M. Bloch?

Liquidia Corp reported that director Stephen M. Bloch received a grant of 5,882 shares of Common Stock at $0.00 per share. The transaction is classified as a grant, award, or other acquisition, not an open-market purchase or sale.

How many Liquidia (LQDA) shares does Stephen M. Bloch hold directly after this Form 4?

After the reported grant, Stephen M. Bloch directly holds 71,594 shares of Liquidia Common Stock. This reflects his post-transaction direct ownership and does not include additional shares held indirectly through investment entities associated with Canaan Partners.

What are the vesting terms of Stephen M. Bloch’s RSUs reported by Liquidia (LQDA)?

The RSUs reported for Stephen M. Bloch vest upon the earlier of the one-year anniversary of the grant date or the day prior to Liquidia’s next annual shareholder meeting. Once vested, each RSU converts into one share of common stock.

How many Liquidia (LQDA) shares are reported as indirectly held through Canaan entities?

The filing reports 980,073 shares of Liquidia Common Stock held indirectly by Canaan VIII L.P.. Canaan Partners VIII LLC is the sole general partner, and its managers collectively make investment and voting decisions for these securities, not Stephen M. Bloch individually.

Does Stephen M. Bloch claim beneficial ownership of the Liquidia (LQDA) shares held by Canaan entities?

Stephen M. Bloch disclaims beneficial ownership of the Liquidia shares held by the Canaan entities, except for any pecuniary interest from his limited liability company interests in Canaan Partners VIII LLC. He also did not participate in the investment decision for those securities.

Are Stephen M. Bloch’s new Liquidia (LQDA) shares from an open-market purchase?

No. The 5,882 shares reported are from a grant or award classified under transaction code A, with a price of $0.00 per share. This indicates compensation-related RSUs rather than shares acquired through an open-market purchase.