Form 4: Liquidia Executive Sells Shares
Insider Transaction (Form 4)
Russell Schundler, General Counsel of Liquidia Corp, sold 13,692 shares of common stock on October 9, 2026 for $28.48 per share.
Summary
- Option exercise/conversion: acquired 3,758 Common Stock on October 9, 2026; holds 610,124 after (Direct).
- Option exercise/conversion: acquired 6,409 Common Stock on October 9, 2026; holds 616,533 after (Direct).
- Open-market sale: disposed of 13,692 Common Stock at $28.48 ($389,948) on October 12, 2026; holds 602,841 after (Direct).
- Option exercise/conversion: disposed of 3,758 Performance Stock Units on October 9, 2026; holds 18,792 after (Direct).
- Option exercise/conversion: disposed of 6,409 Performance Stock Units on October 9, 2026; holds 57,680 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $389,948 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 |
|---|---|---|---|---|---|---|
| 2026-10-09 | Option exercise/conversion | Common Stock | 3,758 | — | — | 610,124 |
| 2026-10-09 | Option exercise/conversion | Common Stock | 6,409 | — | — | 616,533 |
| 2026-10-12 | Open-market sale | Common Stock | 13,692 | $28 | $389.9K | 602,841 |
| 2026-10-09 | Option exercise/conversion | Performance Stock Units | 3,758 | — | — | 18,792 |
| 2026-10-09 | Option exercise/conversion | Performance Stock Units | 6,409 | — | — | 57,680 |
Key Dates
| Date | Description |
|---|---|
| 2026-10-09 | Option exercise/conversion (3,758 shares) |
| 2026-10-09 | Option exercise/conversion (6,409 shares) |
| 2026-10-12 | Open-market sale (13,692 shares) |
| 2026-10-09 | Option exercise/conversion (3,758 shares) |
| 2026-10-09 | Option exercise/conversion (6,409 shares) |
Keywords
insider transaction, Form 4, LQDA, Liquidia Corp, bearish, Russell Schundler
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