Form 4: Liquidia CEO Sells Shares
Insider Transaction (Form 4)
Roger Jeffs, Chief Executive Officer and a Director of Liquidia Corp, sold 32,744 shares of common stock on October 9, 2026 for $28.48 per share.
Summary
- Option exercise/conversion: acquired 13,833 Common Stock on October 9, 2026; holds 1,144,259 after (Direct).
- Option exercise/conversion: acquired 14,333 Common Stock on October 9, 2026; holds 1,158,592 after (Direct).
- Open-market sale: disposed of 32,744 Common Stock at $28.48 ($932,549) on October 12, 2026; holds 1,125,848 after (Direct).
- Option exercise/conversion: disposed of 13,833 Performance Stock Units on October 9, 2026; holds 69,168 after (Direct).
- Option exercise/conversion: disposed of 14,333 Performance Stock Units on October 9, 2026; holds 128,996 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $932,549 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 |
|---|---|---|---|---|---|---|
| 2026-10-09 | Option exercise/conversion | Common Stock | 13,833 | — | — | 1,144,259 |
| 2026-10-09 | Option exercise/conversion | Common Stock | 14,333 | — | — | 1,158,592 |
| 2026-10-12 | Open-market sale | Common Stock | 32,744 | $28 | $932.5K | 1,125,848 |
| 2026-10-09 | Option exercise/conversion | Performance Stock Units | 13,833 | — | — | 69,168 |
| 2026-10-09 | Option exercise/conversion | Performance Stock Units | 14,333 | — | — | 128,996 |
Key Dates
| Date | Description |
|---|---|
| 2026-10-09 | Option exercise/conversion (13,833 shares) |
| 2026-10-09 | Option exercise/conversion (14,333 shares) |
| 2026-10-12 | Open-market sale (32,744 shares) |
| 2026-10-09 | Option exercise/conversion (13,833 shares) |
| 2026-10-09 | Option exercise/conversion (14,333 shares) |
Keywords
insider transaction, Form 4, LQDA, Liquidia Corp, bearish, Roger Jeffs
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