X0306 4 2019-12-27 0 0001330436 Liquidia Technologies Inc LQDA 0001419148 Canaan VIII LP C/O CANAAN PARTNERS 285 RIVERSIDE AVENUE, SUITE 250 WESTPORT CT 06880 0 0 1 0 0001552200 Canaan Partners VIII LLC C/O CANAAN PARTNERS 285 RIVERSIDE AVENUE, SUITE 250 WESTPORT CT 06880 0 0 1 0 Common Stock 2019-12-27 4 P 0 319488 3.13 A 2917169 D Canaan VIII L.P. ("Canaan LP") acquired 319,488 shares of the Issuer's common stock at the closing of a private placement pursuant to the Common Stock Purchase Agreement, dated December 23, 2019 the ("CSPA"), by and among the Issuer, Canaan LP, and various other investors named therein. Shares held directly by Canaan L.P. Canaan Partners VIII LLC ("Canaan LLC" and together with Canaan LP, the "Canaan Entities") is the sole general partner of Canaan LP and each may be deemed to have sole voting, investment and dispositive power with respect to the shares held by Canaan LP. Investment and voting decisions with respect to the shares held by Canaan LP are made by the managers of Canaan LLC, collectively. Canaan LLC disclaims Section 16 beneficial ownership of the shares held by Canaan LP, except to the extent, if any, of its pecuniary interest therein. Exhibit 24 - Power of Attorney (incorporated by reference to the Power of Attorney filed as Exhibit 24 to the Form 3 filed by the Reporting Persons on July 25, 2018) Canaan VIII L.P., By: Canaan Partners VIII LLC, its general partner, By: /s/ Nancy Levenson, Attorney-in-Fact 2020-01-10 Canaan Partners VIII LLC, By: /s/ Nancy Levenson, Attorney-in-Fact 2020-01-10