Form 4: Liquidia CEO Sells Shares
Insider Transaction (Form 4)
Roger Jeffs, Chief Executive Officer and a Director of Liquidia Corp, sold 35,249 shares of common stock on July 10, 2026.
Summary
- Option exercise/conversion: acquired 13,834 Common Stock on July 10, 2026; holds 1,151,342 after (Direct).
- Option exercise/conversion: acquired 14,333 Common Stock on July 10, 2026; holds 1,165,675 after (Direct).
- Open-market sale: disposed of 2,505 Common Stock at $71.39 ($178,832) on July 13, 2026; holds 1,163,170 after (Direct).
- Open-market sale: disposed of 32,744 Common Stock at $71.52 ($2,341,851) on July 13, 2026; holds 1,130,426 after (Direct).
- Option exercise/conversion: disposed of 13,834 Performance Stock Units on July 10, 2026; holds 83,001 after (Direct).
- Option exercise/conversion: disposed of 14,333 Performance Stock Units on July 10, 2026; holds 143,329 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $2,520,683 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Roger Jeffs — Director, Officer (Chief Executive Officer)
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-07-10 | Option exercise/conversion | Common Stock | 13,834 | — | — | 1,151,342 |
| 2026-07-10 | Option exercise/conversion | Common Stock | 14,333 | — | — | 1,165,675 |
| 2026-07-13 | Open-market sale | Common Stock | 2,505 | $71 | $178.8K | 1,163,170 |
| 2026-07-13 | Open-market sale | Common Stock | 32,744 | $72 | $2.3M | 1,130,426 |
| 2026-07-10 | Option exercise/conversion | Performance Stock Units | 13,834 | — | — | 83,001 |
| 2026-07-10 | Option exercise/conversion | Performance Stock Units | 14,333 | — | — | 143,329 |
Key Dates
| Date | Description |
|---|---|
| 2026-07-10 | Option exercise/conversion (13,834 shares) |
| 2026-07-10 | Option exercise/conversion (14,333 shares) |
| 2026-07-13 | Open-market sale (2,505 shares) |
| 2026-07-13 | Open-market sale (32,744 shares) |
| 2026-07-10 | Option exercise/conversion (13,834 shares) |
| 2026-07-10 | Option exercise/conversion (14,333 shares) |
Keywords
insider transaction, Form 4, LQDA, Liquidia Corp, bearish, Roger Jeffs
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