Form 4 Filing for Raman Singh

Raman Singh, a director at Liquidia Corp, reported a series of transactions on March 13, 2026. Singh acquired 20,000 shares of Common Stock through the exercise of a non-qualified stock option, with an exercise price of $4.86 per share. This transaction resulted in 58,755 shares owned post-transaction, as noted in footnote F1. Subsequently, Singh sold 20,000 shares of Common Stock. The sale occurred at a volume-weighted average price ranging from $36.01 to $36.20, as detailed in footnote F3. This sale is linked to the exercise of stock options, as indicated by footnote F2. Following these transactions, Singh owns 38,755 shares, a figure that was corrected due to a previous administrative error omitting the exercise of 7,500 shares, as explained in footnote F1. The stock option exercised vested fully on June 17, 2025, and the option itself expires on June 17, 2032.