Michael Kaseta

CFO/COO Kaseta sells 20,430 shares ($1.5M) at LQDA under scheduled 10b5-1 plan; retains 345,805 shares plus 105,465 derivative holdings.

Michael Kaseta, CFO and COO, executed 2 sales totaling 20,430 shares for $1,460,964.71 on 2026-07-13 under a pre-arranged 10b5-1 trading plan adopted 2023-12-15, representing -5.6% of his pre-transaction holdings. The transaction occurred at a blended average price of $71.51, while the current price stands at $76.49. His cross-ticker track record shows 10 prior sells with an average 90-day return of +68.5%, while his prior 5 trades specifically at LQDA (April 2026) posted 90-day returns of +78.0% to +103.1%. The scheduled nature of the sale precludes timing-based interpretation; notably, Liquidia reported latest-quarter revenue of $132,865,000.00 and net income of $52,862,000.00, though the company was unprofitable over its most recent full fiscal year with a P/E of 305.96.

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.

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.

CFO Michael Kaseta sold 133,789 shares (24.5% reduction) at $40.24 via pre-arranged 10b5-1 plan on 2026-04-09; retains 411,855 shares post-sale.

Michael Kaseta, as CFO and COO, sold 133,789 shares for $5,383,388.40 on 2026-04-09 under a pre-arranged 10b5-1 trading plan adopted on 2025-11-05. The sale reduced his holdings by 24.5% from 545,644 shares to 411,855 shares. As a scheduled transaction executed under a 10b5-1 plan, this sale reflects a predetermined commitment rather than a discretionary decision made in response to current market or operational conditions. The CFO retains a substantial post-transaction position of 411,855 shares, indicating meaningful continued ownership stake in the company.

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.

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.

CFO/COO Michael Kaseta sold 30,000 shares of LQDA at $20.00 via pre-arranged 10b5-1 plan (scheduled)

Michael Kaseta, serving as CFO and COO, executed a sale of 30,000 shares at $20.00 on 2025-08-05 under a pre-arranged 10b5-1 trading plan adopted on 2024-12-09. This sale reduced his holdings from 406,412 shares to 376,412 shares, a reduction of 7.4% relative to pre-transaction holdings. Because the transaction is part of a scheduled trading plan rather than discretionary activity, it reflects a predetermined execution schedule rather than a response to current market conditions or conviction shifts. The filing itself contains no basis for inferring directional intent about Liquidia's prospects.