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EdgarHawk

Kaseta Michael

CFO and COO

Officer

Latest: CFO and COO selling · April 2026

6 filings analyzed · 1 company · Latest 2026-04-16

Companies

Company Buys Sells Direction
Liquidia Corp LQDA 0 22 Net selling

Activity

April 2026
2026-04-16 Liquidia Corp LQDA
medium
Sell
142,390 shares
$5,715,240
Significance 5/10

CFO/COO Kaseta Michael sold 142,390 shares at $40.14 avg across 4 transactions for $5.7M, reducing holdings by 28.7%.

Kaseta Michael, as CFO and COO, executed 4 separate sales totaling 142,390 shares for $5,715,240.05, reducing his holdings from 495,746 shares to 353,356 shares. The sales occurred over two trading days (April 14–15, 2026) at prices near $40.14, while the stock currently trades at $41.40 (+12.3% over the past 30 days and +9.2% over 90 days). At the same ticker, his two prior measurable sales (January 12 and August 15, 2025) showed mixed timing outcomes: both trades were followed by positive 90-day returns (+3.0% and +2.9%), indicating he sold before subsequent rallies rather than before declines. The company reported $54.3M revenue in the latest quarter but remains unprofitable with $-3.5M net income, though full-year revenue growth was +1031.2%. The concentration of four sales over consecutive trading days, combined with the substantial dollar volume ($5.7M) and the significant reduction in direct holdings (28.7%), warrants tracking whether further insider moves or operational developments follow.

2026-04-14 Liquidia Corp LQDA
medium
Sell
42,779 shares
$1,683,667
Significance 6/10

CFO/COO Kaseta Michael sold 42,779 shares in 2 transactions for $1,683,667.25, reducing stake by 9.5%

Kaseta Michael, serving as CFO and COO, executed two separate open-market sales totaling 42,779 shares for $1,683,667.25, with transaction prices of $40.14 and $38.37 against a blended average of $39.36. His holdings fell from 448,554 to 405,775 shares (a 9.5% reduction). The sales occurred within days (April 10 and April 13, 2026) when the stock was trading near its 52-week high of $46.63, now -17.0% from that peak. Among his prior trades at LQDA, only 0 of 3 measurable same-ticker sales proved well-timed at the 90-day mark, with most recent outcomes showing modest gains (30d +7.3%, 90d +3.0% on the January trade; 30d -0.7%, 90d +2.9% on the August trade). The company reported revenue of $54,342,000 (latest quarter) but net income of -$3,533,000, signaling continued unprofitability despite explosive 1031.2% annual revenue growth.

2026-04-13 Liquidia Corp LQDA
high
Sell
133,789 shares
$5,383,388
Significance 6/10

CFO Kaseta Michael sold 133,789 shares of LQDA at $40.24 for $5.4M, reducing holdings 24.5% while stock trades -16.7% from 52-week high

Kaseta Michael, CFO and COO of Liquidia, executed a substantial open-market sale of 133,789 shares (24.5% of his pre-transaction holdings) at $40.24, reducing his stake from 545.6K to 411.9K shares. The transaction occurred near the stock's 52-week high of $46.63, with the current price now $38.85, down 16.7% from that peak. At the same-ticker level, his prior three measurable sales at LQDA posted mixed outcomes: +7.3% 30d and +3.0% 90d (Jan 2026); -0.7% 30d and +2.9% 90d (Aug 2025); and +44.2% 30d and +26.1% 90d (Aug 2025)—none of which were well-timed at the 90-day mark. The company remains unprofitable (net income of $-3.5M in the latest quarter) despite recent explosive revenue growth of +1031.2%, a mismatch between top-line expansion and operational losses that underscores execution risk. The sale's timing relative to fundamentals and his historical pattern at this ticker provides limited clarity on forward direction.

January 2026
2026-01-13 Liquidia Corp LQDA
medium
Sell
36,932 shares
$1,382,365
Significance 5/10

Liquidia CFO/COO Kaseta sold 36,932 shares at $37.43 (Jan 2026); stock now at $38.09 as revenue declines 20% YoY.

Kaseta sold 36.9K shares at $37.43 on 2026-01-12, reducing his holdings by 9.5% to 350.9K shares. The sale occurred near the company's 52-week high of $38.09, with the stock up 14.1% over 30 days and 64.5% over 90 days preceding the transaction. However, Liquidia faces material headwinds: annual revenue contracted 20.0% year-over-year, and the company posted a net loss of $3.5M on quarterly revenue of $54.3M, remaining unprofitable on a full-year basis. Kaseta's prior two sales at LQDA both showed positive 90-day returns (up 2.9% and 26.1%), indicating a historical pattern of selling before continued gains rather than selling into weakness. This latest sale near the high amid deteriorating fundamentals warrants monitoring for alignment between insider actions and company operational trends.

August 2025
2025-08-19 Liquidia Corp LQDA
medium
Sell
20,000 shares
$523,674
Significance 4/10

CFO Michael Kaseta sells 20,000 LQDA shares at $26.18; company faces -20.0% revenue decline and $-41.6M net loss

Kaseta sold 20,000 shares (20.0K shares) for $523.7K on 2025-08-15, reducing holdings from 376.4K to 356.4K shares. This transaction occurs against a backdrop of material operational stress: Liquidia reported $8.8M quarterly revenue with -20.0% annual revenue decline and a $-41.6M net loss over its most recent full fiscal year. The sale comes shortly after Kaseta's prior trade at this ticker on 2025-08-05 (also a sell), establishing a pattern of recent divestment by the CFO. At the time of sale, the stock was trading at $26.18, currently valued at $27.11 (+2.2% since transaction), placing the executed price within the 52-week range of $8.90–$27.72 and near recent highs following an 86.4% surge in the 30-day window.

2025-08-07 Liquidia Corp LQDA
high
Sell
30,000 shares
$600,132
Significance 6/10

CFO/COO Kaseta Michael sold 30,000 LQDA shares at $20.00 on 2025-08-05; stock now $19.21 amid unprofitability and -20.0% revenue decline.

Kaseta Michael, CFO and COO, sold 30,000 shares (approximately 7.4% of his holdings) at $20.00, just above the current price of $19.21 and near the 52-week high of $20.31. The transaction occurred in a context where Liquidia Corp reported a net loss of $-38,367,000.00 for its most recent full fiscal year and annual revenue declined 20.0% year-over-year. Most recent quarterly revenue was only $3,120,000.00, underscoring ongoing profitability challenges. The timing of the sale near the 52-week high—combined with the company's documented financial distress—suggests the insider may have capitalized on a temporary price recovery to reduce exposure, though the sale remains modest relative to his substantial remaining holdings of 376,412 shares.

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