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sellNotable cluster of 10

Paul B Manning sold $19M of LQDA

director at Liquidia Corp. 670,837 shares at an average of $28.26, traded Aug 28, 2025, filed Sep 2, 2025.

Warning score
75
Value
$19M
670,837 shares
Holdings after
430,828
-61% 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
    Director
    +15
  • Trade size
    $19.0M at market
    +25
  • Share of holdings sold
    Sold 61% of holdings
    +20
  • Cluster
    10 insiders selling within 14 days
    +15

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.

This signal so far: 1m -23.4%, 3m +7.7%, 6m +11.2%.

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 +23.2% · excess -27.4%

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 0001415889-25-023468, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Aug 28, 2025SOpen-market sale
Common Stockindirect: See footnote
-154,337$27.94$4.3M947,328Sep 2, 2025
Aug 29, 2025SOpen-market sale
Common Stockindirect: See footnote
-188,232$27.62$5.2M759,096Sep 2, 2025
Sep 2, 2025SOpen-market sale
Common Stockindirect: See footnote
-254,038$28.67$7.3M505,058Sep 2, 2025
Sep 2, 2025SOpen-market sale
Common Stockindirect: See footnote
-74,230$29.14$2.2M430,828Sep 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%
10Weak
LQDAsell 410b5-1
Liquidia Corp
Sarah Krepp
Chief Human Resource Officer
$19k
274 shares
-0%
30Weak
LQDAsell 410b5-1
Liquidia Corp
Jason Adair
Chief Business Officer
$5.1M
73,631 shares
-30%
40Moderate
LQDAsell 410b5-1
Liquidia Corp
Katherine Rielly-Gauvin
director
$4.1M
55,182 shares
-68%
50Moderate
LQDAsell 3
Liquidia Corp
Rajeev Saggar
Chief Medical Officer
$6.0M
79,534 shares
-46%
17Weak
LQDAsell 1010b5-1
Liquidia Corp
Jason Adair
Chief Business Officer
$60k
688 shares
-0%
21Weak
LQDAsell 1010b5-1
Liquidia Corp
Dana Boyle
Chief Accounting Officer
$140k
1,600 shares
-1%
65Notable
LQDAsell 10
Liquidia Corp
Stephen M Bloch
director
$18M
200,000 shares
-29%
60Notable
LQDAsell 10
Liquidia Corp
Stephen M Bloch
director
$6.3M
78,596 shares
-10%

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.

Paul B Manning sold $19M of LQDA | InsiderTell