LQDA Liquidia Corp Insider Trading

Director Arthur S Kirsch sells entire 30,000-share position at Liquidia for $1,731,300 over 3 days

Arthur S Kirsch executed 3 separate sales totaling 30,000 shares for $1,731,300 on June 1–3, 2026, completely liquidating his holdings. The blended average price of $57.71 sits above the current price of $55.69, with the stock currently -12.2% from its 52-week high of $63.46. Kirsch's complete exit stands out given the company's recent financial turnaround: annual revenue growth of +1031.2%, net income of $52,862,000.00 in the latest quarter, and a market cap of $4,952,405,833.31. However, the company remained unprofitable over its most recent full fiscal year, and the 90-day price move of +61.3% suggests the stock has appreciated substantially before this liquidation event.

Director Raman Singh sold 29,494 shares ($1.8M) of LQDA at $60.13; holds 38,755 shares post-sale with 556 options remaining.

Raman Singh sold 29,494 shares (29.5K shares) of Liquidia at $60.13 on 2026-05-21 for $1,773,435.88 ($1.8M), reducing his non-derivative holdings by 43.2% to 38,755 shares (38.8K shares) while retaining 556 non-qualified stock options. The sale occurred near the 52-week high ($62.30, -3.5% from peak) following an explosive 30-day rally of +61.1% and 90-day surge of +100.3%, yet the stock's trailing P/E of 240.40 and recent full-year unprofitability signal fundamental volatility underlying the price appreciation. His prior sell at LQDA (2025-09-15) posted a +29.3% 90-day return, indicating he sold before a subsequent rise rather than before a decline—a 0% well-timed rate at this ticker. The current sale's timing against a revenue-growth story (+1031.2% annual increase, $132.9M latest quarter, $52.9M net income) paired with extreme valuation and modest remaining stakes warrants monitoring of whether this reflects confidence in retaining exposure through options or signals caution after the recent rally.

CEO Roger Jeffs sold 75,000 shares for $4,575,675.00 via scheduled 10b5-1 plan at LQDA

Roger Jeffs, Chief Executive Officer, executed 3 separate sales totaling 75,000 shares for $4,575,675.00 between 2026-05-21 and 2026-05-26 under a pre-arranged 10b5-1 trading plan adopted on 2025-11-05. This is a scheduled, non-discretionary transaction. Post-sale, Jeffs retains 1,048,095 shares. The stock's 30-day change of +61.1% and 90-day change of +100.3% mark substantial recent appreciation from the 52-week low of $11.85. Across his cross-ticker trading history, his prior 20 open-market sells averaged 90-day returns of +32.6%, while his 5 most recent sales at LQDA show mixed outcomes (ranging from -0.5% to +7.4% 30/90-day performance). The company reported latest-quarter revenue of $132,865,000.00 and net income of $52,862,000.00, though full-year fiscal net income was negative.

Caligan Partners LP simultaneously sold and bought 5,300 shares at $59.98 on 2026-05-19, leaving 8.14M shares held.

Caligan Partners LP executed 1 sale and 1 purchase totaling 5,300 shares each at identical prices ($59.98) and totals ($317,894.00) on the same date. This balanced transaction—offsetting both share count and dollar value—is characteristic of a rebalancing, exercise-related event, or administrative repositioning rather than a directional conviction signal. The stock has appreciated 64.0% over the past 30 days and 76.2% over 90 days, trading at $61.77, yet the matched buy-sell structure at a single price point suggests predetermined or non-discretionary mechanics rather than opportunistic market timing. With 8.14M shares retained post-transaction, Caligan maintains substantial exposure to LQDA despite the volatile price action and the company's underlying challenges (P/E of 247.08, full-year net income negative, though recent quarterly results show revenue of $132.9M and net income of $52.9M).

CEO Roger Jeffs sells 75,000 LQDA shares for $4.4M across three days (May 18–20) via 10b5-1 plan

Roger Jeffs, CEO of Liquidia Corp, executed three separate sales totaling 75,000 shares for $4,418,010.00 on May 18–20, 2026, under a pre-arranged 10b5-1 trading plan adopted on 2025-11-05. This scheduled transaction reduced his holdings from 1,198,095 to 1,123,095 shares (-6.3% vs pre-transaction holdings). The sales occurred at a blended average price of $58.91, below the current price of $61.77. His prior five same-ticker sales at LQDA (May 6–12) collectively posted positive 30-day and 90-day returns ranging from +9.7% to +45.4%, indicating a pattern of sales at relatively low points in the stock's volatility. The stock has appreciated +64.0% in the past 30 days and +76.2% over 90 days from the transaction dates. With the company showing full-year negative net income despite latest-quarter profitability ($52.9M) and a P/E of 247.08 reflecting elevated valuation, the scheduled nature of this sale precludes timing-based interpretation, though the execution across a three-day window during a strong uptrend warrants routine monitoring.

CEO Roger Jeffs sells 75,000 shares ($4.3M) at LQDA over 3 days via 10b5-1 plan; stock at $56.93, +41.9% (30d), +49.0% (90d).

Roger Jeffs, Chief Executive Officer, executed 3 separate sales totaling 75,000 shares for $4,298,765.00 across May 13–15, 2026, as part of a pre-arranged 10b5-1 trading plan adopted on 2025-11-05. This is a scheduled transaction, not a discretionary trade. Post-transaction, Jeffs retains 1,198,095 shares. The stock's current price of $56.93 reflects 30-day returns of +41.9% and 90-day returns of +49.0%, placing it near its 52-week high of $59.75. At a P/E of 227.72, the valuation stands substantially elevated relative to the company's quarterly net income of $52,862,000.00, though the company reported full-year net income as negative over its most recent fiscal year.

Director Bloch sells 318,893 shares worth $16M across six tranches; all prior exits poorly timed as stock rallied after each sale.

Director Stephen Bloch executed his tenth open-market sale in the past three years on this stock, liquidating nearly 319,000 shares in six separate transactions for a combined value of over $16 million. This is part of an established pattern: Bloch has never purchased shares on the open market, only sold—and every previous exit at this ticker has been poorly timed, with the stock rising noticeably in the months following each prior sale. The current sale occurs as the stock trades near its 52-week high, having climbed sharply over the past three months, which makes the timing particularly notable given his track record of selling into strength rather than weakness. Liquidia itself presents a mixed picture: the company posted dramatic year-over-year revenue growth and returned to profitability in the latest quarter, but annual results show significant losses and the valuation appears stretched. Bloch's repeated dispositions, combined with his poor historical timing at this specific company, suggest either a personal liquidity need unrelated to company fundamentals or a director who has consistently misjudged the company's momentum—neither scenario is reassuring for holders who might otherwise be encouraged by the recent operational turnaround.

CEO Roger Jeffs sells 75,000 shares worth $3.4M; stock near 52-week high after rally, but insider's prior exits at this company were poorly timed.

Roger Jeffs, Liquidia's Chief Executive Officer, sold 75,000 shares across three trading dates in early May, disposing of roughly two percent of his holdings and raising approximately $3.4 million. The sales occurred while the stock was trading near its 52-week high following a significant rally over recent months. The company itself remains unprofitable with a substantial net loss in the latest quarter, though revenue has grown dramatically on a year-over-year basis. Notably, this marks Jeffs's 33rd open-market sale in the past three years, with only a single open-market purchase on record—a decidedly one-sided selling pattern. More concerning, every one of Jeffs's five prior sales at Liquidia was poorly timed: the stock rose after each exit, meaning he sold into strength that subsequently continued upward. This current sale at the 52-week high, following that same pattern of poor timing, suggests he may again be exiting ahead of further gains rather than ahead of a decline.

CEO Roger Jeffs sells 75,000 shares in three tranches; stock underperforming while company operates at a loss.

Roger Jeffs, Liquidia's Chief Executive Officer, sold 75,000 shares across three days in early May for a combined $3.07 million, reducing his stake by just under 2% across each transaction. The timing warrants scrutiny: all five of his previous sales in this stock were poorly timed, with shares rising afterward in every instance, yet he continues this established pattern despite mounting losses — the company reported a net loss for the full year and a negative quarter most recently. The stock has recovered moderately from its lows but still trades well below its yearly peak, and Jeffs is disposing of shares during what appears to be a bounce rather than capitalizing on weakness. His repeat sales combined with the company's unprofitable fundamentals suggest conviction in a downward trajectory that hasn't materialized yet in stock price, or reflect personal capital needs unrelated to company outlook.