Liquidia Corp Chief Business Officer Jason Adair filed a Form 4 on October 28, 2026, reporting the sale of 688 shares of common stock on October 26, 2026, under a pre-established Rule 10b5-1 trading plan.

Key Highlights

  • Transaction: Jason Adair, Chief Business Officer of Liquidia Corp (NASDAQ:LQDA), disposed of 688 shares of common stock on October 26, 2026, at a price of $43.19 per share.
  • Purpose of sale: According to the filing, the shares were sold to cover taxes associated with the settlement of restricted stock units originally granted on July 6, 2023.
  • 10b5-1 plan: The transaction was effected pursuant to a Rule 10b5-1 plan adopted by Adair on December 15, 2023.
  • Remaining ownership: Following the transaction, Adair beneficially owned 177,269 shares of common stock directly.
  • Unvested RSUs included: The post-transaction total includes unvested RSUs from four separate grants dated July 6, 2023; January 11, 2024; January 11, 2025; and January 16, 2026, as well as 12,427 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan.

Adair's October 2026 Share Disposition: Tax Withholding Under 10b5-1 Plan

According to the Form 4 filed with the SEC on October 28, 2026, Jason Adair, serving as Chief Business Officer of Liquidia Corp, reported a single open-market sale of 688 shares of common stock on October 26, 2026, at a price of $43.19 per share. The filing notes the transaction code as "S" (sale) and identifies the shares as disposed of. The sale was carried out under a Rule 10b5-1 trading plan that Adair adopted on December 15, 2023.

The filing specifies that the shares sold were used to cover tax obligations arising from the settlement of restricted stock units that were initially granted to Adair on July 6, 2023. Following the reported transaction, Adair's direct beneficial ownership stood at 177,269 shares. The filing details that this total includes unvested RSUs across four grant dates: 4,687 unvested RSUs from the July 6, 2023 grant of 25,000 RSUs; 12,371 unvested RSUs from the January 11, 2024 grant of 39,588 RSUs; 34,816 unvested RSUs from the January 11, 2025 grant of 61,895 RSUs; and 27,683 RSUs granted on January 16, 2026, none of which had vested as of the filing date.

The post-transaction beneficial ownership figure also includes 12,427 shares acquired under the Liquidia Corporation 2020 Employee Stock Purchase Plan, as stated in the filing. No derivative securities transactions were reported in Table II of the Form 4.

What Was Disclosed

Jason Adair, Chief Business Officer of Liquidia Corp (NASDAQ:LQDA), disclosed a sale of 688 common shares at $43.19 on October 26, 2026, for tax-withholding purposes upon RSU settlement, under a 10b5-1 plan adopted December 15, 2023, leaving him with 177,269 shares directly owned.