LIQUIDIA CORPORATION

Ticker: LQDA CUSIP: 53635D202 Class: Common Stock

TWO SIGMA INVESTMENTS, LP's Holding History (CIK: 0001179392)

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

Q4 2025

Shares 350,048 Value ($000) $12,073 Avg Close $28.47 Range $21.35 - $36.41

Q3 2025

Shares 434,101 Value ($000) $9,871 Avg Close $21.69 Range $11.85 - $29.94

Q2 2025

Shares 746,998 Value ($000) $9,308 Avg Close $14.81 Range $11.26 - $19.41

Q1 2025

Shares 434,090 Value ($000) $6,403 Avg Close $14.59 Range $11.34 - $16.81

Q4 2024

Shares 381,237 Value ($000) $4,483 Avg Close $10.93 Range $9.71 - $11.91

Q3 2024

Shares 314,103 Value ($000) $3,141 Avg Close $10.92 Range $8.26 - $14.41

Q2 2024

Shares 346,125 Value ($000) $4,154 Avg Close $13.27 Range $11.65 - $15.90

Q1 2024

Shares 292,855 Value ($000) $4,320 Avg Close $13.90 Range $11.11 - $16.99

Q4 2023

Shares 351,315 Value ($000) $4,226 Avg Close $7.20 Range $5.71 - $12.36

Q3 2023

Shares 262,950 Value ($000) $1,667 Avg Close $7.20 Range $6.20 - $8.36

Q2 2023

Shares 326,061 Value ($000) $2,560 Avg Close $7.77 Range $6.40 - $9.95

Q1 2023

Shares 380,351 Value ($000) $2,628 Avg Close $6.83 Range $5.67 - $8.10

Q4 2022

Shares 494,973 Value ($000) $3,153 Avg Close $5.37 Range $4.35 - $6.78

Q3 2022

Shares 840,616 Value ($000) $4,573 Avg Close $5.61 Range $3.38 - $8.79

Q2 2022

Shares 505,619 Value ($000) $2,204 Avg Close $5.17 Range $3.26 - $7.78

Q1 2022

Shares 365,580 Value ($000) $2,625 Avg Close $6.29 Range $4.81 - $7.71

Q4 2021

Shares 412,695 Value ($000) $2,010 Avg Close $3.99 Range $2.60 - $5.40

Q3 2021

Shares 53,763 Value ($000) $148 Avg Close $2.60 Range $2.25 - $3.00

Q2 2021

Shares 41,200 Value ($000) $118 Avg Close $2.77 Range $2.45 - $3.24

Q3 2020

Shares 192,662 Value ($000) $948 Avg Close $5.79 Range $4.16 - $8.75

Q2 2020

Shares 139,345 Value ($000) $1,173 Avg Close $7.59 Range $4.35 - $12.10

Q4 2019

Shares 23,680 Value ($000) $101 Avg Close $4.01 Range $2.65 - $7.15

Q3 2019

Shares 21,620 Value ($000) $77 Avg Close $5.91 Range $3.25 - $8.54

Q2 2019

Shares 45,236 Value ($000) $362 Avg Close $9.39 Range $7.21 - $11.90

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	350,048	$12,073	$28.47	$21.35 - $36.41
Q3 2025	434,101	$9,871	$21.69	$11.85 - $29.94
Q2 2025	746,998	$9,308	$14.81	$11.26 - $19.41
Q1 2025	434,090	$6,403	$14.59	$11.34 - $16.81
Q4 2024	381,237	$4,483	$10.93	$9.71 - $11.91
Q3 2024	314,103	$3,141	$10.92	$8.26 - $14.41
Q2 2024	346,125	$4,154	$13.27	$11.65 - $15.90
Q1 2024	292,855	$4,320	$13.90	$11.11 - $16.99
Q4 2023	351,315	$4,226	$7.20	$5.71 - $12.36
Q3 2023	262,950	$1,667	$7.20	$6.20 - $8.36
Q2 2023	326,061	$2,560	$7.77	$6.40 - $9.95
Q1 2023	380,351	$2,628	$6.83	$5.67 - $8.10
Q4 2022	494,973	$3,153	$5.37	$4.35 - $6.78
Q3 2022	840,616	$4,573	$5.61	$3.38 - $8.79
Q2 2022	505,619	$2,204	$5.17	$3.26 - $7.78
Q1 2022	365,580	$2,625	$6.29	$4.81 - $7.71
Q4 2021	412,695	$2,010	$3.99	$2.60 - $5.40
Q3 2021	53,763	$148	$2.60	$2.25 - $3.00
Q2 2021	41,200	$118	$2.77	$2.45 - $3.24
Q3 2020	192,662	$948	$5.79	$4.16 - $8.75
Q2 2020	139,345	$1,173	$7.59	$4.35 - $12.10
Q4 2019	23,680	$101	$4.01	$2.65 - $7.15
Q3 2019	21,620	$77	$5.91	$3.25 - $8.54
Q2 2019	45,236	$362	$9.39	$7.21 - $11.90