Form 4: Liquidia Director Sells Shares
Insider Transaction (Form 4)
Katherine Rielly-Gauvin, a Director of Liquidia Corp, sold 55,182 shares of common stock on August 19, 2026.
Summary
- Option exercise/conversion: acquired 23,455 Common Stock at $2.51 ($58,872) on August 19, 2026; holds 68,092 after (Direct).
- Option exercise/conversion: acquired 13,334 Common Stock at $2.59 ($34,535) on August 19, 2026; holds 81,426 after (Direct).
- Open-market sale: disposed of 36,789 Common Stock at $74.99 ($2,758,958) on August 19, 2026; holds 44,637 after (Direct).
- Option exercise/conversion: acquired 11,727 Common Stock at $2.51 ($29,435) on August 20, 2026; holds 56,364 after (Direct).
- Option exercise/conversion: acquired 6,666 Common Stock at $2.59 ($17,265) on August 20, 2026; holds 63,030 after (Direct).
- Open-market sale: disposed of 18,393 Common Stock at $72.23 ($1,328,477) on August 20, 2026; holds 44,637 after (Direct).
- Option exercise/conversion: disposed of 23,455 Non-Qualified Stock Option (right to buy) on August 19, 2026; holds 11,727 after (Direct).
- Option exercise/conversion: disposed of 13,334 Non-Qualified Stock Option (right to buy) on August 19, 2026; holds 6,666 after (Direct).
- Option exercise/conversion: disposed of 11,727 Non-Qualified Stock Option (right to buy) on August 20, 2026 (Direct).
- Option exercise/conversion: disposed of 6,666 Non-Qualified Stock Option (right to buy) on August 20, 2026 (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $4,087,435 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Katherine Rielly-Gauvin — Director
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-08-19 | Option exercise/conversion | Common Stock | 23,455 | $3 | $58.9K | 68,092 |
| 2026-08-19 | Option exercise/conversion | Common Stock | 13,334 | $3 | $34.5K | 81,426 |
| 2026-08-19 | Open-market sale | Common Stock | 36,789 | $75 | $2.8M | 44,637 |
| 2026-08-20 | Option exercise/conversion | Common Stock | 11,727 | $3 | $29.4K | 56,364 |
| 2026-08-20 | Option exercise/conversion | Common Stock | 6,666 | $3 | $17.3K | 63,030 |
| 2026-08-20 | Open-market sale | Common Stock | 18,393 | $72 | $1.3M | 44,637 |
| 2026-08-19 | Option exercise/conversion | Non-Qualified Stock Option (right to buy) | 23,455 | — | — | 11,727 |
| 2026-08-19 | Option exercise/conversion | Non-Qualified Stock Option (right to buy) | 13,334 | — | — | 6,666 |
| 2026-08-20 | Option exercise/conversion | Non-Qualified Stock Option (right to buy) | 11,727 | — | — | 0 |
| 2026-08-20 | Option exercise/conversion | Non-Qualified Stock Option (right to buy) | 6,666 | — | — | 0 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-19 | Option exercise/conversion (23,455 shares) |
| 2026-08-19 | Option exercise/conversion (13,334 shares) |
| 2026-08-19 | Open-market sale (36,789 shares) |
| 2026-08-20 | Option exercise/conversion (11,727 shares) |
| 2026-08-20 | Option exercise/conversion (6,666 shares) |
| 2026-08-20 | Open-market sale (18,393 shares) |
| 2026-08-19 | Option exercise/conversion (23,455 shares) |
| 2026-08-19 | Option exercise/conversion (13,334 shares) |
| 2026-08-20 | Option exercise/conversion (11,727 shares) |
| 2026-08-20 | Option exercise/conversion (6,666 shares) |
Keywords
insider transaction, Form 4, LQDA, Liquidia Corp, bearish, Katherine Rielly-Gauvin
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