Form 4: Liquidia Executive Sells Shares
Insider Transaction (Form 4)
Rajeev Saggar, Chief Medical Officer of Liquidia Corp, sold 9,218 shares of common stock on October 9, 2026 for $28.48 per share.
Summary
- Option exercise/conversion: acquired 3,530 Common Stock on October 9, 2026; holds 131,100 after (Direct).
- Option exercise/conversion: acquired 4,486 Common Stock on October 9, 2026; holds 135,586 after (Direct).
- Open-market sale: disposed of 9,218 Common Stock at $28.48 ($262,529) on October 12, 2026; holds 126,368 after (Direct).
- Option exercise/conversion: disposed of 3,530 Performance Stock Units on October 9, 2026; holds 17,654 after (Direct).
- Option exercise/conversion: disposed of 4,486 Performance Stock Units on October 9, 2026; holds 40,376 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $262,529 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Rajeev Saggar — Officer (Chief Medical 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 | 3,530 | — | — | 131,100 |
| 2026-10-09 | Option exercise/conversion | Common Stock | 4,486 | — | — | 135,586 |
| 2026-10-12 | Open-market sale | Common Stock | 9,218 | $28 | $262.5K | 126,368 |
| 2026-10-09 | Option exercise/conversion | Performance Stock Units | 3,530 | — | — | 17,654 |
| 2026-10-09 | Option exercise/conversion | Performance Stock Units | 4,486 | — | — | 40,376 |
Key Dates
| Date | Description |
|---|---|
| 2026-10-09 | Option exercise/conversion (3,530 shares) |
| 2026-10-09 | Option exercise/conversion (4,486 shares) |
| 2026-10-12 | Open-market sale (9,218 shares) |
| 2026-10-09 | Option exercise/conversion (3,530 shares) |
| 2026-10-09 | Option exercise/conversion (4,486 shares) |
Keywords
insider transaction, Form 4, LQDA, Liquidia Corp, bearish, Rajeev Saggar
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