Form 4: Liquidia Corp CBO Jason Adair Sells Shares to Cover Taxes

Liquidia Corp's Chief Business Officer, Jason Adair, sold 455 shares of common stock on April 28, 2025, to cover taxes associated with the settlement of restricted stock units.

Summary

• On April 28, 2025, Jason Adair, Chief Business Officer of Liquidia Corp, sold 455 shares of the company's common stock.
• The sale was executed at a price of $14.24 per share.
• The transaction was made pursuant to a Rule 10b5-1 plan adopted on December 15, 2023.
• The shares were sold to cover taxes associated with the settlement of restricted stock units (RSUs).
• Following the transaction, Adair beneficially owns 183,849 shares of Liquidia Corp.
• This total includes unvested RSUs from grants made on July 6, 2023, January 11, 2024, and January 11, 2025, as well as shares acquired under the 2020 Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's stock sale for tax purposes. It doesn't convey any particularly positive or negative sentiment about the company's performance or prospects.

Industry Context

Executive stock sales are a common occurrence, often related to compensation and tax planning. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on insider information.

Stakeholder Impact

• The stock sale by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the small number of shares involved and the stated reason for the sale.

Key Dates

Keywords

Liquidia Corp, Jason Adair, Chief Business Officer, stock sale, Form 4, Rule 10b5-1 plan, restricted stock units, RSUs, employee stock purchase plan