Russell Schundler - Mar 31, 2022 Form 4 Insider Report for Liquidia Corp (LQDA)

Role
General Counsel
Signature
/s/ Russell Schundler
Stock symbol
LQDA
Transactions as of
Mar 31, 2022
Transactions value $
$0
Form type
4
Date filed
4/20/2022, 04:37 PM
Previous filing
Jan 19, 2022
Next filing
Aug 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDA Common Stock Award $0 +2.16K +0.98% $0.00 223K Mar 31, 2022 Direct F1
holding LQDA Common Stock 14.5K Mar 31, 2022 By Spouse F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 31, 2022, 2,158 shares of the Issuer's common stock which were previously subject to a holdback pursuant to the terms of the merger agreement for Issuer's acquisition of RareGen, LLC ("RareGen") were released to the Reporting Person. The merger agreement provided that certain shares of the Issuer's common stock issuable to members of RareGen at the closing of the transaction would be held back as partial security for the benefit of the Issuer with respect to any indemnifiable damages pursuant to the indemnification obligations of the members of RareGen. The shares would subsequently be released for no additional consideration, subject to the cancellation of shares of the Issuer's common stock in connection with any such indemnifiable damages.
F2 The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.