Traders should watch for potential downward pressure on LQDA as significant insider selling by both CEO and CFO may signal lack of confidence. Monitor upcoming earnings or regulatory developments that could have triggered this exit.
Price Chart
Executive Summary
Liquidia Corp CFO and CEO sold shares in a coordinated 7-day window, with total open-market proceeds of $6.39 million. The CFO sold $5.38M of stock following derivative exercises, while the CEO sold $1.00M — both transactions occurring at market prices near $40.20.
Key Financial Metrics
Key Facts
- CEO Roger Jeffs sold 25,000 shares for $1.00 million on April 9, 2026.
- CFO Michael Kaseta sold 133,789 shares for $5.38 million on April 9, 2026, following multiple derivative exercises totaling over 124,000 shares.
- Total open-market sale value: $6.39 million.
- All transactions occurred within a 7-day window, indicating a coordinated insider exit.
- Non-cash derivative exercises and tax-related transactions (codes M, F) accounted for additional share movements but no direct cash proceeds.
Financial Impact
$6.39 million in open-market stock sales by top executives
Risk Factors
- Perception of insider pessimism, especially given CFO's large sale
- Potential for follow-on selling or negative catalyst not yet disclosed
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-LQDA-1776116903076 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 12d ago | 8-K | $33.94 $34.78 | ▲ +2.48% | ▲ +2.19% | $43.74 (+28.87%) |
Oct 13, 2026 13d ago | Insider Cluster | $33.94 $34.78 | ▲ +2.48% | ▲ +2.19% | $43.74 (+28.87%) |
Sep 30, 2026 26d ago | 8-K | $27.99 $28.64 | ▼ −2.32% | ▼ −1.58% | $43.74 (−56.27%) |
Sep 3, 2026 7w ago | 8-K | $68.63 $68.66 | ▲ +0.04% | ▲ +0.43% | $43.74 (−36.27%) |
Sep 3, 2026 7w ago | Press Release | $68.63 $68.66 | ▲ +0.04% | ▲ +0.43% | $43.74 (−36.27%) |
Aug 25, 2026 8w ago | Insider Cluster | $71.36 $69.94 | ▼ −1.99% | ▼ −2.65% | $43.74 (−38.71%) |
Aug 21, 2026 9w ago | Insider Cluster | $70.27 $70.49 | ▲ +0.31% | ▼ −0.01% | $43.74 (−37.75%) |
Aug 12, 2026 10w ago | 8-K | $78.79 $72.10 | ▼ −8.49% | ▼ −9.19% | $43.74 (−44.49%) |
Aug 12, 2026 10w ago | Press Release | $78.79 $72.10 | ▲ +8.49% | ▲ +9.19% | $43.74 (+44.49%) |
Jul 29, 2026 12w ago | Insider Cluster | $86.80 $84.11 | ▼ −3.10% | ▼ −3.82% | $43.74 (−49.61%) |
US Market Status
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