LQDA Liquidia Corporation

NASDAQ
$27.99

Liquidia Corporation (LQDA) Insider Activity

What the officers, directors and large holders did with their own shares. Only open-market purchases and sales count toward the totals — grants, option exercises and shares withheld for tax are compensation mechanics, not decisions, and they're listed separately below.

30D 90D 6M 1Y
Insider signal Bearish Selling ran elevated versus LQDA's own trailing one-year pace, with 28% of sale value under a prearranged plan.
Cluster activity 0 buyers in the last 30 days 0 buyers in the last 90 days 12 sellers in the last 90 days
Insiders buying
1
1 transaction
Insiders selling
15
125 transactions
Purchases
$317.9K
5,300 shares
Sales
$200.6M
3,229,849 shares
Net activity
-$200.3M
purchases less sales

How much of that selling was preplanned? 28% planned / 72% discretionary

10b5-1 plan sales $56.5M 64 transactions · 1,120,832 shares
Discretionary sales $144.1M 61 transactions · 2,109,017 shares

Largest single sale: $8.6M.

Where they traded

Buy Sell Dot area is proportional to transaction value.

Last open-market purchase: May 19, 2026 .

Recent open-market activity

Date Insider Role Action Shares Price Value Held after
SINGH RAMAN Director Sell 8,468 $66.16 $560.2K 44,637 −15.9% of holding
SINGH RAMAN Director Sell 9,024 $68.62 $619.2K 44,637 −16.8% of holding
Adair Jason 2 fills Chief Business Officer Sell 10b5-1 73,631 $69.09 $5.1M 216,438 −25.4% of holding
Rielly-Gauvin Katherine Director Sell 18,393 $72.23 $1.3M 44,637 −29.2% of holding
Saggar Rajeev Chief Medical Officer Sell 50,000 $74.06 $3.7M 142,265 −26% of holding
Rielly-Gauvin Katherine Director Sell 36,789 $74.99 $2.8M 44,637 −45.2% of holding
Saggar Rajeev Chief Medical Officer Sell 29,534 $76.84 $2.3M 142,265 −17.2% of holding
Boyle Dana Chief Accounting Officer Sell 10b5-1 1,600 $87.53 $140.0K 167,919 −0.9% of holding
Adair Jason Chief Business Officer Sell 10b5-1 688 $87.53 $60.2K 216,438 −0.3% of holding
Bloch Stephen M 2 fills Director Sell 100,000 $89.48 $8.9M 505,077 −16.5% of holding
Bloch Stephen M 3 fills Director Sell 100,000 $88.38 $8.8M 664,071 −13.1% of holding
Bloch Stephen M 2 fills Director Sell 75,000 $79.99 $6.0M 702,033 −9.7% of holding
Bloch Stephen M Director Sell 3,596 $79.55 $286.1K 776,477 −0.5% of holding
JEFFS ROGER 2 fills Chief Executive Officer Sell 10b5-1 35,249 $71.51 $2.5M 1,163,170 −2.9% of holding
Kaseta Michael 2 fills CFO and COO Sell 10b5-1 20,430 $71.51 $1.5M 364,782 −5.3% of holding
Schundler Russell 2 fills General Counsel Sell 10b5-1 14,738 $71.51 $1.1M 619,654 −2.3% of holding
Saggar Rajeev 2 fills Chief Medical Officer Sell 10b5-1 9,926 $71.51 $709.8K 181,022 −5.2% of holding
Moomaw Scott 2 fills Chief Commercial Officer Sell 10b5-1 9,539 $71.51 $682.1K 191,349 −4.7% of holding
Boyle Dana 2 fills Chief Accounting Officer Sell 10b5-1 9,002 $71.51 $643.7K 177,880 −4.8% of holding
Krepp Sarah 2 fills Chief Human Resource Officer Sell 10b5-1 7,864 $71.51 $562.4K 124,484 −5.9% of holding
Adair Jason 2 fills Chief Business Officer Sell 10b5-1 7,863 $71.51 $562.3K 224,427 −3.4% of holding
Khindri Sanjeev 2 fills Chief Development Officer Sell 10b5-1 1,185 $71.51 $84.7K 67,048 −1.7% of holding
Bloch Stephen M 2 fills Director Sell 50,000 $80.94 $4.0M 807,355 −5.8% of holding
Bloch Stephen M Director Sell 25,000 $80.17 $2.0M 830,073 −2.9% of holding
Bloch Stephen M 2 fills Director Sell 25,000 $79.47 $2.0M 855,926 −2.8% of holding
Bloch Stephen M 2 fills Director Sell 100,000 $75.74 $7.6M 910,573 −9.9% of holding
Bloch Stephen M 2 fills Director Sell 85,062 $71.44 $6.1M 982,395 −8% of holding
Bloch Stephen M 2 fills Director Sell 111,049 $71.46 $7.9M 1,078,230 −9.3% of holding
Bloch Stephen M 7 fills Director Sell 242,269 $70.43 $17.1M 1,416,977 −14.6% of holding
Krepp Sarah 2 fills Chief Human Resource Officer Sell 10b5-1 24,880 $70.28 $1.7M 140,994 −15% of holding
Bloch Stephen M 3 fills Director Sell 145,954 $65.58 $9.6M 1,549,991 −8.6% of holding
Bloch Stephen M 2 fills Director Sell 72,534 $64.38 $4.7M 1,572,441 −4.4% of holding
Bloch Stephen M 3 fills Director Sell 148,301 $64.76 $9.6M 1,678,932 −8.1% of holding
Khindri Sanjeev Chief Development Officer Sell 10b5-1 4,134 $65.46 $270.6K 67,132 −5.8% of holding
Bloch Stephen M Director Sell 2,064 $64.14 $132.4K 1,785,242 −0.1% of holding
Manning Paul B 5 fills Director Sell 200,000 $63.91 $12.8M 879,210 −18.5% of holding
Bloch Stephen M 3 fills Director Sell 82,736 $64.97 $5.4M 1,823,934 −4.3% of holding
KIRSCH ARTHUR S Director Sell 10,000 $54.80 $548.0K None left
KIRSCH ARTHUR S Director Sell 5,000 $56.00 $280.0K 10,000 −33.3% of holding
KIRSCH ARTHUR S Director Sell 15,000 $60.22 $903.3K 15,000 −50% of holding
Krepp Sarah Chief Human Resource Officer Sell 10b5-1 276 $60.87 $16.8K 146,743 −0.2% of holding
JEFFS ROGER Chief Executive Officer Sell 10b5-1 6,428 $62.18 $399.7K 1,041,667 −0.6% of holding
JEFFS ROGER Chief Executive Officer Sell 10b5-1 25,000 $60.38 $1.5M 1,048,095 −2.3% of holding
JEFFS ROGER Chief Executive Officer Sell 10b5-1 25,000 $61.52 $1.5M 1,073,095 −2.3% of holding
SINGH RAMAN Director Sell 29,494 $60.13 $1.8M 38,755 −43.2% of holding
JEFFS ROGER Chief Executive Officer Sell 10b5-1 25,000 $61.13 $1.5M 1,098,095 −2.2% of holding
JEFFS ROGER Chief Executive Officer Sell 10b5-1 25,000 $61.30 $1.5M 1,123,095 −2.2% of holding
JEFFS ROGER Chief Executive Officer Sell 10b5-1 25,000 $58.65 $1.5M 1,148,095 −2.1% of holding
Buy 5,300 $59.98 $317.9K 8,138,951
Sell 5,300 $59.98 $317.9K 8,133,651 −0.1% of holding
JEFFS ROGER Chief Executive Officer Sell 10b5-1 25,000 $56.77 $1.4M 1,173,095 −2.1% of holding
JEFFS ROGER Chief Executive Officer Sell 10b5-1 25,000 $57.04 $1.4M 1,198,095 −2% of holding
JEFFS ROGER Chief Executive Officer Sell 10b5-1 25,000 $58.62 $1.5M 1,223,095 −2% of holding
JEFFS ROGER Chief Executive Officer Sell 10b5-1 25,000 $56.29 $1.4M 1,248,095 −2% of holding
JEFFS ROGER Chief Executive Officer Sell 10b5-1 25,000 $54.04 $1.4M 1,273,095 −1.9% of holding
Bloch Stephen M 6 fills Director Sell 318,893 $50.23 $16.0M 2,113,134 −13.1% of holding
JEFFS ROGER Chief Executive Officer Sell 10b5-1 25,000 $41.50 $1.0M 1,298,095 −1.9% of holding
JEFFS ROGER Chief Executive Officer Sell 10b5-1 25,000 $42.14 $1.1M 1,323,095 −1.9% of holding
JEFFS ROGER Chief Executive Officer Sell 10b5-1 25,000 $42.09 $1.1M 1,348,095 −1.8% of holding
JEFFS ROGER Chief Executive Officer Sell 10b5-1 25,000 $40.78 $1.0M 1,373,095 −1.8% of holding
JEFFS ROGER Chief Executive Officer Sell 10b5-1 25,000 $40.10 $1.0M 1,398,095 −1.8% of holding
Boyle Dana Chief Accounting Officer Sell 10b5-1 1,576 $37.78 $59.5K 175,342 −0.9% of holding
Adair Jason Chief Business Officer Sell 10b5-1 688 $41.65 $28.7K 214,738 −0.3% of holding
JEFFS ROGER Chief Executive Officer Sell 10b5-1 18,839 $40.60 $765.0K 1,423,095 −1.3% of holding
JEFFS ROGER Chief Executive Officer Sell 10b5-1 25,000 $40.31 $1.0M 1,441,934 −1.7% of holding
Kaseta Michael 3 fills CFO and COO Sell 10b5-1 139,390 $40.14 $5.6M 396,731 −26% of holding
JEFFS ROGER Chief Executive Officer Sell 10b5-1 25,000 $40.14 $1.0M 1,466,934 −1.7% of holding
JEFFS ROGER Chief Executive Officer Sell 10b5-1 3,300 $40.00 $132.0K 1,491,934 −0.2% of holding
Kaseta Michael CFO and COO Sell 10b5-1 3,000 $40.00 $120.0K 405,775 −0.7% of holding
JEFFS ROGER Chief Executive Officer Sell 10b5-1 32,744 $38.37 $1.3M 1,137,599 −2.8% of holding
Kaseta Michael CFO and COO Sell 10b5-1 18,958 $38.37 $727.4K 405,775 −4.5% of holding
Schundler Russell General Counsel Sell 10b5-1 13,692 $38.37 $525.4K 610,532 −2.2% of holding
Moomaw Scott 2 fills Chief Commercial Officer Sell 10b5-1 10,547 $38.34 $404.4K 186,244 −5.4% of holding
Saggar Rajeev Chief Medical Officer Sell 10b5-1 9,220 $38.37 $353.8K 173,270 −5.1% of holding
Adair Jason Chief Business Officer Sell 10b5-1 7,301 $38.37 $280.1K 215,426 −3.3% of holding
Boyle Dana Chief Accounting Officer Sell 10b5-1 5,101 $38.37 $195.7K 176,918 −2.8% of holding
Krepp Sarah Chief Human Resource Officer Sell 4,557 $38.37 $174.9K 147,019 −3% of holding
Kaseta Michael CFO and COO Sell 10b5-1 23,821 $40.14 $956.2K 411,855 −5.5% of holding
JEFFS ROGER Chief Executive Officer Sell 10b5-1 21,433 $40.12 $859.9K 1,495,234 −1.4% of holding
Kaseta Michael CFO and COO Sell 10b5-1 133,789 $40.24 $5.4M 411,855 −24.5% of holding
JEFFS ROGER Chief Executive Officer Sell 10b5-1 25,000 $40.12 $1.0M 1,516,667 −1.6% of holding

Form 4s are due within two business days of a transaction, so this is close to real time — unlike the quarterly 13F data on the Institutional tab. A single large sale often reflects a prearranged 10b5-1 plan rather than a fresh view, so read a pattern of sales rather than any one of them.