Transaction Details

Footnotes

Restricted stock units ("RSUs") convert into common stock on a one-for-one basis. | On January 16, 2022, the Reporting Person was granted 37,500 RSUs with 25% vesting on February 28, 2023 and the remaining RSUs vesting ratably on a quarterly basis over three years thereafter. Of those RSUs, a total of 32,813 have vested as of the date of this Form 4. | Includes (i) 39,062 unvested RSUs of the 104,167 RSUs granted to the Reporting Person on January 11, 2023, (ii) 68,834 unvested RSUs of the 110,135 RSUs granted to the Reporting Person on January 11, 2024, (iii) 102,543 RSUs granted to the Reporting Person on January 11, 2025, none of which have vested as of the date of this Form 4 and (iv) 11,869 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan. | Transaction effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on December 15, 2023. | These shares of common stock were sold to cover taxes associated with the settlement of RSUs that were initially granted to the Reporting Person on January 16, 2022. | The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.