Form 4: Liquidia CFO Sells Shares
Insider Transaction (Form 4)
Michael Kaseta, CFO and COO of Liquidia Corp, sold 18,938 shares of common stock on October 9, 2026 for $28.48 per share.
Summary
- Option exercise/conversion: acquired 5,828 Common Stock on October 9, 2026; holds 352,037 after (Direct).
- Option exercise/conversion: acquired 7,049 Common Stock on October 9, 2026; holds 359,086 after (Direct).
- Open-market sale: disposed of 18,938 Common Stock at $28.48 ($539,354) on October 12, 2026; holds 340,148 after (Direct).
- Option exercise/conversion: disposed of 5,828 Performance Stock Units on October 9, 2026; holds 29,140 after (Direct).
- Option exercise/conversion: disposed of 7,049 Performance Stock Units on October 9, 2026; holds 63,448 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $539,354 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 |
|---|---|---|---|---|---|---|
| 2026-10-09 | Option exercise/conversion | Common Stock | 5,828 | — | — | 352,037 |
| 2026-10-09 | Option exercise/conversion | Common Stock | 7,049 | — | — | 359,086 |
| 2026-10-12 | Open-market sale | Common Stock | 18,938 | $28 | $539.4K | 340,148 |
| 2026-10-09 | Option exercise/conversion | Performance Stock Units | 5,828 | — | — | 29,140 |
| 2026-10-09 | Option exercise/conversion | Performance Stock Units | 7,049 | — | — | 63,448 |
Key Dates
| Date | Description |
|---|---|
| 2026-10-09 | Option exercise/conversion (5,828 shares) |
| 2026-10-09 | Option exercise/conversion (7,049 shares) |
| 2026-10-12 | Open-market sale (18,938 shares) |
| 2026-10-09 | Option exercise/conversion (5,828 shares) |
| 2026-10-09 | Option exercise/conversion (7,049 shares) |
Keywords
insider transaction, Form 4, LQDA, Liquidia Corp, bearish, Michael Kaseta
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