Jason Adair sold $1.1M of LQDA
Chief Business Officer at Liquidia Corp. 35,656 shares at an average of $30.03, traded Nov 18, 2025, filed Nov 20, 2025.
Score components
- +15RoleOfficer
- +25Trade size$1.1M at market
- +5Share of holdings soldSold 17% of holdings
- +15Cluster7 insiders selling within 14 days
- -15Exercise and sellShares came from an option exercise in the same filing
- -2010b5-1 planPre-scheduled under a 10b5-1 plan
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 +20.9%, 3m +22.7%, 6m +117.0%.
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.
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 0001104659-25-114634, as filed. Open on EDGAR
| Date | Transaction | Shares | Price | Value | Holdings after | Filed |
|---|---|---|---|---|---|---|
| Nov 18, 2025 | MOption exercise Common Stock10b5-1 | +35,291 | $5.89 | $208k | 210,289 | Nov 20, 2025 |
| Nov 18, 2025 | MOption exercise Common Stock10b5-1 | +365 | $5.89 | $2,150 | 210,654 | Nov 20, 2025 |
| Nov 18, 2025 | SOpen-market sale Common Stock10b5-1 | -35,656 | $30.03 | $1.1M | 174,998 | Nov 20, 2025 |
| Nov 18, 2025 | MOption exercise Incentive Stock Option (right to buy)derivative10b5-1 | -35,291 | $0.00 | $0 | 0 | Nov 20, 2025 |
| Nov 18, 2025 | MOption exercise Non-Qualified Stock Option (right to buy)derivative10b5-1 | -365 | $0.00 | $0 | 0 | Nov 20, 2025 |
Related signals
Other insiders at Liquidia Corp and this insider’s other filings.
| Score | Company | Insider | Value | Holdings | Filed |
|---|---|---|---|---|---|
| Pro nowfree Oct 21, 2026 | Liquidia Corp | Russell Schundler General Counsel | $390k 13,692 shares | -2% | |
| Pro nowfree Oct 21, 2026 | Liquidia Corp | Rajeev Saggar Chief Medical Officer | $263k 9,218 shares | -7% | |
| Pro nowfree Oct 21, 2026 | Liquidia Corp | Scott Moomaw Chief Commercial Officer | $252k 8,863 shares | -5% | |
| Pro nowfree Oct 21, 2026 | Liquidia Corp | Sarah Krepp Chief Human Resource Officer | $149k 5,245 shares | -4% | |
| Pro nowfree Oct 21, 2026 | Liquidia Corp | Sanjeev Khindri Chief Development Officer | $31k 1,101 shares | -2% | |
| Pro nowfree Oct 21, 2026 | Liquidia Corp | Michael Kaseta CFO and COO | $539k 18,938 shares | -5% | |
| Pro nowfree Oct 20, 2026 | Liquidia Corp | Roger Jeffs Chief Executive Officer | $933k 32,744 shares | -3% | |
| Pro nowfree Oct 20, 2026 | Liquidia Corp | Dana Boyle Chief Accounting Officer | $168k 5,892 shares | -3% | |
| Pro nowfree Oct 20, 2026 | Liquidia Corp | Jason Adair Chief Business Officer | $208k 7,301 shares | -4% | |
| 75Notable | Liquidia Corp | Stephen M Bloch director | $6.4M 235,477 shares | -100% |
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.