Form 4: Liquidia CAO Sells Shares for Tax Obligations
Insider Transaction Report
Liquidia Corp's Chief Accounting Officer, Dana Boyle, sold 1,580 shares of common stock at $41.65 per share to cover tax liabilities from restricted stock unit settlements.
Summary
- Dana Boyle, Chief Accounting Officer of Liquidia Corp (LQDA), reported the sale of 1,580 shares of common stock.
- The transaction occurred on January 26, 2026, at a price of $41.65 per share.
- The sale was executed to cover taxes associated with the settlement of restricted stock units (RSUs) that were initially granted to Ms. Boyle on January 25, 2023.
- This transaction was effected pursuant to a Rule 10b5-1 plan adopted by Ms. Boyle on December 15, 2023.
- Following this transaction, Ms. Boyle directly beneficially owns 178,848 shares of Liquidia Corp common stock.
- The beneficial ownership includes 942 unvested RSUs from a January 16, 2022 grant, 12,500 unvested RSUs from a January 25, 2023 grant, 28,542 unvested RSUs from a January 11, 2024 grant, 38,145 unvested RSUs from a January 11, 2025 grant, 25,000 unvested RSUs from a July 1, 2025 grant, 23,728 unvested RSUs from a January 16, 2026 grant, and 3,527 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: The transaction is a routine, pre-planned sale by an insider to cover tax obligations associated with RSU vesting, which is a common occurrence and does not typically indicate a change in company fundamentals or outlook. Therefore, the sentiment is neutral.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This Form 4 filing details a routine insider transaction, specifically a sale of shares to cover tax liabilities from RSU vesting. Such transactions are common across all industries for executives receiving equity compensation and are typically pre-arranged under Rule 10b5-1 plans to avoid accusations of trading on material non-public information.
Stakeholder Impact
- Shareholders: The sale of 1,580 shares by a key executive is a small, routine transaction for tax purposes and is unlikely to have a material impact on the company's stock price or shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 01/16/2022 | Grant date for 15,075 RSUs to Dana Boyle. |
| 01/25/2023 | Grant date for 50,000 RSUs to Dana Boyle, from which the current tax obligation arose. |
| 12/15/2023 | Date Rule 10b5-1 plan was adopted by Dana Boyle. |
| 01/11/2024 | Grant date for 57,085 RSUs to Dana Boyle. |
| 01/11/2025 | Grant date for 50,861 RSUs to Dana Boyle. |
| 07/01/2025 | Grant date for 25,000 RSUs to Dana Boyle. |
| 01/16/2026 | Grant date for 23,728 RSUs to Dana Boyle. |
| 01/26/2026 | Transaction date for the sale of 1,580 shares of common stock. |
| 01/28/2026 | Signature date of the Form 4 filing. |
Keywords
Liquidia Corp, LQDA, Insider Transaction, Form 4, Stock Sale, Dana Boyle, Chief Accounting Officer, Restricted Stock Units, RSU, 10b5-1 Plan, Tax Obligations
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