LIQUIDIA CORPORATION

Ticker: LQDA CUSIP: 53635D202 Class: Common Stock

Kerrisdale Advisers, LLC's Holding History (CIK: 0001569688)

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

Q4 2025

Shares 14,820 Value ($000) $511 Avg Close $28.47 Range $21.35 - $36.41

Q3 2025

Shares 9,725 Value ($000) $221 Avg Close $21.69 Range $11.85 - $29.94

Q3 2023

Shares 80,246 Value ($000) $509 Avg Close $7.20 Range $6.20 - $8.36

Q1 2023

Shares 32,992 Value ($000) $228 Avg Close $6.83 Range $5.67 - $8.10

Q4 2022

Shares 199,540 Value ($000) $1,271 Avg Close $5.37 Range $4.35 - $6.78

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	14,820	$511	$28.47	$21.35 - $36.41
Q3 2025	9,725	$221	$21.69	$11.85 - $29.94
Q3 2023	80,246	$509	$7.20	$6.20 - $8.36
Q1 2023	32,992	$228	$6.83	$5.67 - $8.10
Q4 2022	199,540	$1,271	$5.37	$4.35 - $6.78