Form 4: Liquidia Corp: Director David Edward Johnson Reports Acquisition of Restricted Stock Units

David Edward Johnson, a director and 10% owner of Liquidia Corp, reports the acquisition of restricted stock units convertible to common stock.

Summary

• On June 20, 2024, David Edward Johnson acquired 20,359 restricted stock units (RSUs) of Liquidia Corp, convertible to common stock, at a price of $0.
• These RSUs will vest on the earlier of the one-year anniversary of the grant date or the day prior to the Issuer's next annual shareholder meeting.
• Johnson also indirectly owns 11,280,945 shares of Liquidia Corp common stock through affiliated funds and managed accounts.
• Caligan Partners LP, where Johnson is the Managing Partner, may be deemed a director by deputization due to Johnson's board seat.
• A managed account to which Caligan serves as a consultant has reduced its holding by 480,000 shares of Common Stock since September 7, 2022.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Management Comments

• Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its or his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions and holdings.

Stakeholder Impact

• The acquisition of RSUs by a director may signal confidence in the company's future performance to shareholders.

Key Dates