Form 4: Liquidia CFO Sells Shares
Insider Transaction (Form 4)
Michael Kaseta, CFO and COO of Liquidia Corp, sold 20,430 shares of common stock on July 10, 2026.
Summary
- Option exercise/conversion: acquired 5,829 Common Stock on July 10, 2026; holds 359,185 after (Direct).
- Option exercise/conversion: acquired 7,050 Common Stock on July 10, 2026; holds 366,235 after (Direct).
- Open-market sale: disposed of 1,453 Common Stock at $71.39 ($103,730) on July 13, 2026; holds 364,782 after (Direct).
- Open-market sale: disposed of 18,977 Common Stock at $71.52 ($1,357,235) on July 13, 2026; holds 345,805 after (Direct).
- Option exercise/conversion: disposed of 5,829 Performance Stock Units on July 10, 2026; holds 34,968 after (Direct).
- Option exercise/conversion: disposed of 7,050 Performance Stock Units on July 10, 2026; holds 70,497 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $1,460,965 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Michael Kaseta — Officer (CFO and COO)
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 | 5,829 | — | — | 359,185 |
| 2026-07-10 | Option exercise/conversion | Common Stock | 7,050 | — | — | 366,235 |
| 2026-07-13 | Open-market sale | Common Stock | 1,453 | $71 | $103.7K | 364,782 |
| 2026-07-13 | Open-market sale | Common Stock | 18,977 | $72 | $1.4M | 345,805 |
| 2026-07-10 | Option exercise/conversion | Performance Stock Units | 5,829 | — | — | 34,968 |
| 2026-07-10 | Option exercise/conversion | Performance Stock Units | 7,050 | — | — | 70,497 |
Key Dates
| Date | Description |
|---|---|
| 2026-07-10 | Option exercise/conversion (5,829 shares) |
| 2026-07-10 | Option exercise/conversion (7,050 shares) |
| 2026-07-13 | Open-market sale (1,453 shares) |
| 2026-07-13 | Open-market sale (18,977 shares) |
| 2026-07-10 | Option exercise/conversion (5,829 shares) |
| 2026-07-10 | Option exercise/conversion (7,050 shares) |
Keywords
insider transaction, Form 4, LQDA, Liquidia Corp, bearish, Michael Kaseta
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