LIQUIDIA CORPORATION

Ticker: LQDA CUSIP: 53635D202 Class: Common Stock

Virtus Investment Advisers, LLC's Holding History (CIK: 0000019481)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 7,969 Value ($000) $275 Avg Close $28.47 Range $21.35 - $36.41

Q3 2025

Shares 7,874 Value ($000) $179 Avg Close $21.69 Range $11.85 - $29.94

Q2 2025

Shares 6,507 Value ($000) $81 Avg Close $14.81 Range $11.26 - $19.41

Q1 2025

Shares 14,910 Value ($000) $220 Avg Close $14.59 Range $11.34 - $16.81

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	7,969	$275	$28.47	$21.35 - $36.41
Q3 2025	7,874	$179	$21.69	$11.85 - $29.94
Q2 2025	6,507	$81	$14.81	$11.26 - $19.41
Q1 2025	14,910	$220	$14.59	$11.34 - $16.81