Form 4: Liquidia Corp Chief Business Officer Sells Shares to Cover Taxes
SEC Form 4 Filing
Jason Adair, Chief Business Officer of Liquidia Corp, sold 459 shares of common stock on October 28, 2024, to cover taxes associated with the settlement of RSUs.
Summary
- On October 28, 2024, Jason Adair, the Chief Business Officer of Liquidia Corp, sold 459 shares of the company's common stock.
- The sale was executed at a price of $11.3081 per share.
- This transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on December 15, 2023.
- The shares were sold to cover taxes associated with the settlement of Restricted Stock Units (RSUs) that were initially granted on July 6, 2023.
- Following the transaction, Adair directly owns 118,115 shares of Liquidia Corp.
- This total includes unvested RSUs granted on January 11, 2024 (39,588 shares), unvested RSUs from a grant on July 6, 2023 (17,187 shares), and shares acquired under the Employee Stock Purchase Plan (9,373 shares).
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) by a company executive. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares by company executives are a normal part of executive compensation and financial planning. Sales to cover tax obligations related to vesting RSUs are common.
Key Dates
| Date | Description |
|---|---|
| December 15, 2023 | Date the Reporting Person adopted a Rule 10b5-1 plan |
| July 6, 2023 | Date of initial grant of RSUs that led to the tax obligation |
| January 11, 2024 | Date of RSU grant of 39,588 shares, none of which have vested as of the date of this Form 4 |
| October 28, 2024 | Date of the share sale transaction |
| October 29, 2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.