X0306 4 2019-12-27 0 0001330436 Liquidia Technologies Inc LQDA 0001400308 Bloch Stephen M C/O CANAAN PARTNERS 285 RIVERSIDE AVENUE, SUITE 250 WESTPORT CT 06880 1 0 0 0 Common Stock 2019-12-27 4 A 0 319488 3.13 A 2917169 I See footnote 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. Transaction exempt pursuant to Rule 16b-3. The securities are held directly by Canaan VIII L.P. ("Canaan LP"). Canaan Partners VIII LLC ("Canaan LLC" and together with Canaan LP, the "Canaan Entities") is the sole general partner of Canaan LP. Investment and voting decisions with respect to the securities held by Canaan LP are made by the managers of Canaan LLC, collectively. Dr. Bloch disclaims beneficial ownership of the securities held by the Canaan Entities, except to the extent of his pecuniary interest, if any, in such securities by virtue of the limited liability company interests he owns in Canaan LLC. /s/ Stephen M. Bloch 2020-01-10