SINGH RAMAN sold 28.2% of their position (17.49K shares) of LIQUIDIA CORP on the open market

Open‑market sale worth $1.18M — a significant reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 2 sales

SINGH RAMAN

Filed: 9/15/2026ACC: 0001104659-26-107942

InsiderSINGH RAMANCIK 1747589

→

IssuerLIQUIDIA CORPCIK 1819576

Director

Since Mar 2021

-17.49K

Net shares

Net seller

$1.18M

Total sold

Open market trades

0B · 2S

Total transactions

17.49K acquired · 34.98K disposed

Non-Derivative Transactions5

Common Stock

Direct

M · Option Exercise

+556.00

Price / share

$8.63

Trade value

$4.80K

% of position

1.2%

9/11/2026

44.64K→45.19K

Common Stock

Direct

M · Option Exercise

+8.47K

Price / share

$9.31

Trade value

$78.80K

% of position

18.7%

9/11/2026

45.19K→53.66K

Common Stock

Direct

S · Sale

−9.02K

Price / share

$68.62

Trade value

$619.21K

% of position

16.8%

9/11/2026

53.66K→44.64K

Common Stock

Direct

M · Option Exercise

+8.47K

Price / share

$9.31

Trade value

$78.80K

% of position

19.0%

9/14/2026

44.64K→53.10K

Common Stock

Direct

S · Sale

−8.47K

Price / share

$66.16

Trade value

$560.24K

% of position

15.9%

9/14/2026

53.10K→44.64K

Total

Net shares

+0.00

Net value

-$1.02M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	9/11/2026	M · Option Exercise	+556.00	$8.63	$4.80K	1.2%	44.64K	45.19K
Common Stock Direct	9/11/2026	M · Option Exercise	+8.47K	$9.31	$78.80K	18.7%	45.19K	53.66K
Common Stock Direct	9/11/2026	S · Sale	−9.02K	$68.62	$619.21K	16.8%	53.66K	44.64K
Common Stock Direct	9/14/2026	M · Option Exercise	+8.47K	$9.31	$78.80K	19.0%	44.64K	53.10K
Common Stock Direct	9/14/2026	S · Sale	−8.47K	$66.16	$560.24K	15.9%	53.10K	44.64K
Total			+0.00		-$1.02M

Derivative Transactions3

Non-Qualified Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

556.00 shares

−556.00

Strike price

8.63

Held after

0.00

Exercisable

—

9/11/2026

Non-Qualified Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

8.47K shares

−8.47K

Strike price

9.3055

Held after

8.47K

Exercisable

—

9/11/2026

Non-Qualified Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

8.47K shares

−8.47K

Strike price

9.3055

Held after

0.00

Exercisable

—

9/14/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Non-Qualified Stock Option (right to buy) Direct	Common Stock556.00 shares	9/11/2026	M · Option Exercise	−556.00	8.63	—	0.00
Non-Qualified Stock Option (right to buy) Direct	Common Stock8.47K shares	9/11/2026	M · Option Exercise	−8.47K	9.3055	—	8.47K
Non-Qualified Stock Option (right to buy) Direct	Common Stock8.47K shares	9/14/2026	M · Option Exercise	−8.47K	9.3055	—	0.00