Form 4: Liquidia Executive Sells Shares
Insider Transaction (Form 4)
Jason Adair, Chief Business Officer of Liquidia Corp, sold 73,631 shares of common stock on August 21, 2026 for $69.09 per share.
Summary
- Option exercise/conversion: acquired 9,000 Common Stock at $9.31 ($83,790) on August 21, 2026; holds 225,438 after (Direct).
- Option exercise/conversion: acquired 11,799 Common Stock at $9.31 ($109,849) on August 21, 2026; holds 237,237 after (Direct).
- Option exercise/conversion: acquired 10,762 Common Stock at $14.20 ($152,820) on August 21, 2026; holds 247,999 after (Direct).
- Option exercise/conversion: acquired 238 Common Stock at $14.20 ($3,380) on August 21, 2026; holds 248,237 after (Direct).
- Open-market sale: disposed of 31,799 Common Stock at $69.09 ($2,197,018) on August 21, 2026; holds 216,438 after (Direct).
- Open-market sale: disposed of 41,832 Common Stock at $69.09 ($2,890,206) on August 21, 2026; holds 174,606 after (Direct).
- Option exercise/conversion: disposed of 9,000 Non-Qualified Stock Option (right to buy) on August 21, 2026 (Direct).
- Option exercise/conversion: disposed of 11,799 Incentive Stock Option (right to buy) on August 21, 2026 (Direct).
- Option exercise/conversion: disposed of 10,762 Incentive Stock Option (right to buy) on August 21, 2026 (Direct).
- Option exercise/conversion: disposed of 238 Non-Qualified Stock Option (right to buy) on August 21, 2026 (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $5,087,225 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Jason Adair — Officer (Chief Business Officer)
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-08-21 | Option exercise/conversion | Common Stock | 9,000 | $9 | $83.8K | 225,438 |
| 2026-08-21 | Option exercise/conversion | Common Stock | 11,799 | $9 | $109.8K | 237,237 |
| 2026-08-21 | Option exercise/conversion | Common Stock | 10,762 | $14 | $152.8K | 247,999 |
| 2026-08-21 | Option exercise/conversion | Common Stock | 238 | $14 | $3.4K | 248,237 |
| 2026-08-21 | Open-market sale | Common Stock | 31,799 | $69 | $2.2M | 216,438 |
| 2026-08-21 | Open-market sale | Common Stock | 41,832 | $69 | $2.9M | 174,606 |
| 2026-08-21 | Option exercise/conversion | Non-Qualified Stock Option (right to buy) | 9,000 | — | — | 0 |
| 2026-08-21 | Option exercise/conversion | Incentive Stock Option (right to buy) | 11,799 | — | — | 0 |
| 2026-08-21 | Option exercise/conversion | Incentive Stock Option (right to buy) | 10,762 | — | — | 0 |
| 2026-08-21 | Option exercise/conversion | Non-Qualified Stock Option (right to buy) | 238 | — | — | 0 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-21 | Option exercise/conversion (9,000 shares) |
| 2026-08-21 | Option exercise/conversion (11,799 shares) |
| 2026-08-21 | Option exercise/conversion (10,762 shares) |
| 2026-08-21 | Option exercise/conversion (238 shares) |
| 2026-08-21 | Open-market sale (31,799 shares) |
| 2026-08-21 | Open-market sale (41,832 shares) |
| 2026-08-21 | Option exercise/conversion (9,000 shares) |
| 2026-08-21 | Option exercise/conversion (11,799 shares) |
| 2026-08-21 | Option exercise/conversion (10,762 shares) |
| 2026-08-21 | Option exercise/conversion (238 shares) |
Keywords
insider transaction, Form 4, LQDA, Liquidia Corp, bearish, Jason Adair
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.