Form 4: Liquidia Executive Sells Shares
Insider Transaction (Form 4)
Russell Schundler, General Counsel of Liquidia Corp, sold 14,738 shares of common stock on July 10, 2026.
Summary
- Option exercise/conversion: acquired 3,759 Common Stock on July 10, 2026; holds 614,291 after (Direct).
- Option exercise/conversion: acquired 6,409 Common Stock on July 10, 2026; holds 620,700 after (Direct).
- Open-market sale: disposed of 1,046 Common Stock at $71.39 ($74,674) on July 13, 2026; holds 619,654 after (Direct).
- Open-market sale: disposed of 13,692 Common Stock at $71.52 ($979,252) on July 13, 2026; holds 605,962 after (Direct).
- Option exercise/conversion: disposed of 3,759 Performance Stock Units on July 10, 2026; holds 22,550 after (Direct).
- Option exercise/conversion: disposed of 6,409 Performance Stock Units on July 10, 2026; holds 64,089 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $1,053,926 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Russell Schundler — Officer (General Counsel)
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 | 3,759 | — | — | 614,291 |
| 2026-07-10 | Option exercise/conversion | Common Stock | 6,409 | — | — | 620,700 |
| 2026-07-13 | Open-market sale | Common Stock | 1,046 | $71 | $74.7K | 619,654 |
| 2026-07-13 | Open-market sale | Common Stock | 13,692 | $72 | $979.3K | 605,962 |
| 2026-07-10 | Option exercise/conversion | Performance Stock Units | 3,759 | — | — | 22,550 |
| 2026-07-10 | Option exercise/conversion | Performance Stock Units | 6,409 | — | — | 64,089 |
Key Dates
| Date | Description |
|---|---|
| 2026-07-10 | Option exercise/conversion (3,759 shares) |
| 2026-07-10 | Option exercise/conversion (6,409 shares) |
| 2026-07-13 | Open-market sale (1,046 shares) |
| 2026-07-13 | Open-market sale (13,692 shares) |
| 2026-07-10 | Option exercise/conversion (3,759 shares) |
| 2026-07-10 | Option exercise/conversion (6,409 shares) |
Keywords
insider transaction, Form 4, LQDA, Liquidia Corp, bearish, Russell Schundler
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