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sellWeak cluster of 1010b5-1 plan

Jason Adair sold $739k of LQDA

Chief Business Officer at Liquidia Corp. 26,508 shares at an average of $27.88, traded Aug 28, 2025, filed Sep 2, 2025.

Warning score
21
Value
$739k
26,508 shares
Holdings after
172,980
-13% from before
From 52-week low
+183%
low $9.72, close $27.46
From 52-week high
-2%
high $28.00, as of Aug 28, 2025

Score components

  • Role
    Officer
    +15
  • Trade size
    $739k at market
    +21
  • Share of holdings sold
    Sold 13% of holdings
    +5
  • Cluster
    10 insiders selling within 14 days
    +15
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -15
  • 10b5-1 plan
    Pre-scheduled under a 10b5-1 plan
    -20

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

LQDAOct 9, 2026 · close 27.38
Since filing Sep 2, 2025: -4.2%SPY +23.3% · excess -27.5%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001104659-25-086437, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Jul 11, 2025MOption exercise
Common Stock10b5-1
+3,906--197,086Sep 2, 2025
Aug 28, 2025SOpen-market sale
Common Stock10b5-1
-26,057$27.86$726k171,029Sep 2, 2025
Aug 29, 2025MOption exercise
Common Stock10b5-1
+1,562--173,431Sep 2, 2025
Sep 2, 2025SOpen-market sale
Common Stock10b5-1
-451$29.05$13k172,980Sep 2, 2025
Jul 11, 2025MOption exercise
Restricted Stock Unitderivative10b5-1
-3,906$0.00$023,438Sep 2, 2025
Aug 29, 2025MOption exercise
Restricted Stock Unitderivative10b5-1
-1,562$0.00$03,125Sep 2, 2025

Related signals

Other insiders at Liquidia Corp and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
60Notable
LQDAsell
Liquidia Corp
Stephen M Bloch
director
$6.4M
235,477 shares
-100%
43Moderate
LQDAsell 2
Liquidia Corp
Raman Singh
director
$1.2M
17,492 shares
-33%
3Weak
LQDAsell 210b5-1
Liquidia Corp
Sarah Krepp
Chief Human Resource Officer
$19k
274 shares
-0%
40Moderate
LQDAsell
Liquidia Corp
Stephen M Bloch
director
$2.5M
70,234 shares
-3%
0Weak
LQDAsell 210b5-1
Liquidia Corp
Jason Adair
Chief Business Officer
$21k
689 shares
-0%
3Weak
LQDAsell 210b5-1
Liquidia Corp
Dana Boyle
Chief Accounting Officer
$14k
445 shares
-0%
8Weak
LQDAsell 210b5-1
Liquidia Corp
Jason Adair
Chief Business Officer
$29k
688 shares
-0%
11Weak
LQDAsell 210b5-1
Liquidia Corp
Dana Boyle
Chief Accounting Officer
$66k
1,580 shares
-1%
6Weak
LQDAsell 210b5-1
Liquidia Corp
Jason Adair
Chief Business Officer
$507k
13,548 shares
-7%
4Weak
LQDAsell 210b5-1
Liquidia Corp
Dana Boyle
Chief Accounting Officer
$413k
11,047 shares
-7%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Jason Adair sold $739k of LQDA | InsiderTell