LIQUIDIA CORPORATION

Ticker: LQDA CUSIP: 53635D202 Class: Common Stock

Valmark Advisers, Inc.'s Holding History (CIK: 0001380443)

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

Q4 2025

Shares 18,641 Value ($000) $643 Avg Close $28.47 Range $21.35 - $36.41

Q3 2025

Shares 18,641 Value ($000) $424 Avg Close $21.69 Range $11.85 - $29.94

Q2 2025

Shares 18,641 Value ($000) $232 Avg Close $14.81 Range $11.26 - $19.41

Q1 2025

Shares 18,641 Value ($000) $275 Avg Close $14.59 Range $11.34 - $16.81

Q4 2024

Shares 17,358 Value ($000) $204 Avg Close $10.93 Range $9.71 - $11.91

Q3 2024

Shares 17,358 Value ($000) $174 Avg Close $10.92 Range $8.26 - $14.41

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	18,641	$643	$28.47	$21.35 - $36.41
Q3 2025	18,641	$424	$21.69	$11.85 - $29.94
Q2 2025	18,641	$232	$14.81	$11.26 - $19.41
Q1 2025	18,641	$275	$14.59	$11.34 - $16.81
Q4 2024	17,358	$204	$10.93	$9.71 - $11.91
Q3 2024	17,358	$174	$10.92	$8.26 - $14.41