Form 4: Liquidia Corp CEO Roger Jeffs Sells Shares to Cover Taxes
SEC Form 4
Liquidia Corp CEO Roger Jeffs sold 14,130 shares of common stock on April 14, 2025, to cover taxes associated with the settlement of restricted stock units.
Summary
- On April 14, 2025, Roger Jeffs, CEO of Liquidia Corp, sold 14,130 shares of common stock at a price of $13.57 per share.
- The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 15, 2023.
- The transaction was to cover taxes associated with the settlement of restricted stock units (RSUs).
- Following the transaction, Jeffs directly owns 1,006,420 shares, indirectly owns 46,595 shares through the Roger A. Jeffs Living Trust, and indirectly owns 1,541,667 shares through Serendipity BioPharma LLC.
- The direct holdings include unvested RSUs and shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a stock sale for tax purposes, which is neutral in sentiment.
Industry Context
This is a routine Form 4 filing related to insider trading activity. It is common for executives to sell shares to cover tax obligations related to equity compensation.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 2/29/2000 | Date of Roger A. Jeffs Living Trust UAD |
| 12/15/2023 | Date of adoption of Rule 10b5-1 plan |
| 01/11/2023 | Date of RSU grant (289,500 RSUs) |
| 01/11/2024 | Date of RSU grant (221,338 RSUs) |
| 01/11/2025 | Date of RSU grant (229,327 RSUs) |
| 04/14/2025 | Date of stock sale |
| 04/16/2025 | Date of signature on Form 4 |
Keywords
Liquidia Corp, Roger Jeffs, stock sale, Form 4, Rule 10b5-1, RSUs, insider trading, LQDA
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