Form 4: Liquidia Executive Sells Shares
Insider Transaction (Form 4)
Jason Adair, Chief Business Officer of Liquidia Corp, sold 7,301 shares of common stock on October 9, 2026 for $28.48 per share.
Summary
- Option exercise/conversion: acquired 3,906 Common Stock on October 9, 2026; holds 178,916 after (Direct).
- Option exercise/conversion: acquired 2,474 Common Stock on October 9, 2026; holds 181,390 after (Direct).
- Option exercise/conversion: acquired 3,868 Common Stock on October 9, 2026; holds 185,258 after (Direct).
- Open-market sale: disposed of 7,301 Common Stock at $28.48 ($207,932) on October 12, 2026; holds 177,957 after (Direct).
- Option exercise/conversion: disposed of 3,906 Restricted Stock Units on October 9, 2026; holds 3,906 after (Direct).
- Option exercise/conversion: disposed of 2,474 Performance Stock Units on October 9, 2026; holds 12,371 after (Direct).
- Option exercise/conversion: disposed of 3,868 Performance Stock Units on October 9, 2026; holds 34,816 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $207,932 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 |
|---|---|---|---|---|---|---|
| 2026-10-09 | Option exercise/conversion | Common Stock | 3,906 | — | — | 178,916 |
| 2026-10-09 | Option exercise/conversion | Common Stock | 2,474 | — | — | 181,390 |
| 2026-10-09 | Option exercise/conversion | Common Stock | 3,868 | — | — | 185,258 |
| 2026-10-12 | Open-market sale | Common Stock | 7,301 | $28 | $207.9K | 177,957 |
| 2026-10-09 | Option exercise/conversion | Restricted Stock Units | 3,906 | — | — | 3,906 |
| 2026-10-09 | Option exercise/conversion | Performance Stock Units | 2,474 | — | — | 12,371 |
| 2026-10-09 | Option exercise/conversion | Performance Stock Units | 3,868 | — | — | 34,816 |
Key Dates
| Date | Description |
|---|---|
| 2026-10-09 | Option exercise/conversion (3,906 shares) |
| 2026-10-09 | Option exercise/conversion (2,474 shares) |
| 2026-10-09 | Option exercise/conversion (3,868 shares) |
| 2026-10-12 | Open-market sale (7,301 shares) |
| 2026-10-09 | Option exercise/conversion (3,906 shares) |
| 2026-10-09 | Option exercise/conversion (2,474 shares) |
| 2026-10-09 | Option exercise/conversion (3,868 shares) |
Keywords
insider transaction, Form 4, LQDA, Liquidia Corp, bearish, Jason Adair
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