Caligan Partners LP - May 17, 2022 Form 4 Insider Report for Liquidia Corp (LQDA)

Role
Director, Other*, 10%+ Owner
Signature
Caligan Partners LP, By: /s/ David Johnson, Partner
Stock symbol
LQDA
Transactions as of
May 17, 2022
Transactions value $
$1,301,473
Form type
4
Date filed
5/19/2022, 06:16 PM
Previous filing
May 10, 2022
Next filing
May 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDA Common Stock, $0.001 par value per share ("Common Stock") Purchase $358K +59.7K +0.59% $5.99 10.2M May 17, 2022 See footnote F1, F4
transaction LQDA Common Stock Purchase $450K +76.4K +0.75% $5.89 10.2M May 18, 2022 See footnote F2, F4
transaction LQDA Common Stock Purchase $494K +85K +0.83% $5.81 10.3M May 19, 2022 See footnote F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Price is the volume weighted average purchase price of all purchases by Caligan Partners LP ("Caligan") and David Johnson (together with Caligan, the "Reporting Persons") on the transaction date for prices ranging from $5.75 to $6.08.
F2 Price is the volume weighted average purchase price of all purchases by the Reporting Persons on the transaction date for prices ranging from $5.56 to $6.07.
F3 Price is the volume weighted average purchase price of all purchases by the Reporting Persons on the transaction date for prices ranging from $5.53 to $5.92.
F4 The securities reported herein are held by an affiliated fund to which Caligan serves as investment manager and a managed account to which Caligan serves as a consultant. David Johnson is the Partner of Caligan and a Managing Member of Caligan Partners GP LLC, the general partner of Caligan.

Remarks:

The Reporting Persons disclaim 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 Persons are the beneficial owners of such securities for purposes of Section 16 or for any other purpose. Caligan may be deemed to be a director by deputization of Liquidia Corporation (the "Issuer") by virtue of the fact that Mr. Johnson currently serves on the Issuer's board of directors.