Form 4: Liquidia Executive Sells Shares
Insider Transaction (Form 4)
Jason Adair, Chief Business Officer of Liquidia Corp, sold 7,863 shares of common stock on July 10, 2026.
Summary
- Option exercise/conversion: acquired 3,907 Common Stock on July 10, 2026; holds 218,645 after (Direct).
- Option exercise/conversion: acquired 2,475 Common Stock on July 10, 2026; holds 221,120 after (Direct).
- Option exercise/conversion: acquired 3,869 Common Stock on July 10, 2026; holds 224,989 after (Direct).
- Open-market sale: disposed of 562 Common Stock at $71.39 ($40,121) on July 13, 2026; holds 224,427 after (Direct).
- Open-market sale: disposed of 7,301 Common Stock at $71.52 ($522,168) on July 13, 2026; holds 217,126 after (Direct).
- Option exercise/conversion: disposed of 3,907 Restricted Stock Units on July 10, 2026; holds 7,812 after (Direct).
- Option exercise/conversion: disposed of 2,475 Performance Stock Units on July 10, 2026; holds 14,845 after (Direct).
- Option exercise/conversion: disposed of 3,869 Performance Stock Units on July 10, 2026; holds 38,684 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $562,289 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 |
|---|---|---|---|---|---|---|
| 2026-07-10 | Option exercise/conversion | Common Stock | 3,907 | — | — | 218,645 |
| 2026-07-10 | Option exercise/conversion | Common Stock | 2,475 | — | — | 221,120 |
| 2026-07-10 | Option exercise/conversion | Common Stock | 3,869 | — | — | 224,989 |
| 2026-07-13 | Open-market sale | Common Stock | 562 | $71 | $40.1K | 224,427 |
| 2026-07-13 | Open-market sale | Common Stock | 7,301 | $72 | $522.2K | 217,126 |
| 2026-07-10 | Option exercise/conversion | Restricted Stock Units | 3,907 | — | — | 7,812 |
| 2026-07-10 | Option exercise/conversion | Performance Stock Units | 2,475 | — | — | 14,845 |
| 2026-07-10 | Option exercise/conversion | Performance Stock Units | 3,869 | — | — | 38,684 |
Key Dates
| Date | Description |
|---|---|
| 2026-07-10 | Option exercise/conversion (3,907 shares) |
| 2026-07-10 | Option exercise/conversion (2,475 shares) |
| 2026-07-10 | Option exercise/conversion (3,869 shares) |
| 2026-07-13 | Open-market sale (562 shares) |
| 2026-07-13 | Open-market sale (7,301 shares) |
| 2026-07-10 | Option exercise/conversion (3,907 shares) |
| 2026-07-10 | Option exercise/conversion (2,475 shares) |
| 2026-07-10 | Option exercise/conversion (3,869 shares) |
Keywords
insider transaction, Form 4, LQDA, Liquidia Corp, bearish, Jason Adair
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