Form 4: Liquidia Corp Executive Scott Moomaw Reports Stock Transactions
SEC Form 4 Filing
Liquidia Corp's Chief Commercial Officer, Scott Moomaw, reports the vesting and subsequent sale of common stock to cover taxes, alongside other holdings.
Summary
- Scott Moomaw, Chief Commercial Officer of Liquidia Corp, filed a Form 4 detailing changes in beneficial ownership.
- On May 31, 2024, Moomaw vested 1,875 shares of common stock from restricted stock units (RSUs).
- On June 3, 2024, Moomaw sold 546 shares of common stock at a price of $14.55 per share to cover taxes associated with the settlement of RSUs.
- Following these transactions, Moomaw directly owns 153,210 shares of Liquidia Corp common stock.
- This includes unvested RSUs granted on January 11, 2023 (57,291 shares), RSUs granted on January 11, 2024 (49,723 shares), and shares acquired under the Employee Stock Purchase Plan (8,315 shares).
- The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 13, 2022.
Sentiment
Score: 5
Explanation: The document simply reports stock transactions, which is neutral in sentiment.
Industry Context
Executive stock transactions are a normal part of corporate governance and are publicly disclosed to ensure transparency.
Key Dates
| Date | Description |
|---|---|
| January 16, 2022 | Reporting Person was granted 30,000 RSUs with 25% vesting on February 28, 2023, with the remaining RSUs vesting ratably on a quarterly basis over three years thereafter. |
| June 13, 2022 | Rule 10b5-1 plan adopted by the Reporting Person. |
| January 11, 2023 | Reporting Person was granted 83,333 RSUs. |
| February 28, 2023 | 25% of 30,000 RSUs granted on January 16, 2022 vested. |
| January 11, 2024 | Reporting Person was granted 49,723 RSUs. |
| February 29, 2024 | A total of 16,875 RSUs have vested through this date. |
| May 31, 2024 | 1,875 shares vested from RSUs. |
| June 03, 2024 | 546 shares were sold at $14.55 per share. |
| June 04, 2024 | Date of Form 4 filing. |
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