Skip to content
sellWeak cluster of 810b5-1 plan

Jason Adair sold $507k of LQDA

Chief Business Officer at Liquidia Corp. 13,548 shares at an average of $37.43, traded Jan 12, 2026, filed Jan 13, 2026.

Warning score
13
Value
$507k
13,548 shares
Holdings after
184,174
-7% from before
From 52-week low
+222%
low $11.36, close $36.60
From 52-week high
0%
high $36.60, as of Jan 12, 2026

Score components

  • Role
    Officer
    +15
  • Trade size
    $507k at market
    +18
  • Share of holdings sold
    Sold 6.9% of holdings
    0
  • Cluster
    8 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.

This signal so far: 1m +2.5%, 3m +1.6%, 6m +100.8%.

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 13, 2026 · close 26.81
Since filing Jan 13, 2026: -29.6%SPY +13.0% · excess -42.6%

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 0001104659-26-003371, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Jan 9, 2026MOption exercise
Common Stock10b5-1
+3,906--179,774Jan 13, 2026
Jan 9, 2026MOption exercise
Common Stock10b5-1
+2,474--182,248Jan 13, 2026
Jan 9, 2026MOption exercise
Common Stock10b5-1
+15,474--197,722Jan 13, 2026
Jan 12, 2026SOpen-market sale
Common Stock10b5-1
-13,548$37.43$507k184,174Jan 13, 2026
Jan 9, 2026MOption exercise
Performance Stock Unitsderivative10b5-1
-2,474$0.00$019,794Jan 13, 2026
Jan 9, 2026MOption exercise
Performance Stock Unitsderivative10b5-1
-15,474$0.00$046,421Jan 13, 2026

Related signals

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

ScoreCompanyInsiderValueHoldingsFiled
Pro nowfree Oct 21, 2026
LQDAsell 1010b5-1
Liquidia Corp
Russell Schundler
General Counsel
$390k
13,692 shares
-2%
Pro nowfree Oct 21, 2026
LQDAsell 1010b5-1
Liquidia Corp
Rajeev Saggar
Chief Medical Officer
$263k
9,218 shares
-7%
Pro nowfree Oct 21, 2026
LQDAsell 1010b5-1
Liquidia Corp
Scott Moomaw
Chief Commercial Officer
$252k
8,863 shares
-5%
Pro nowfree Oct 21, 2026
LQDAsell 1010b5-1
Liquidia Corp
Sarah Krepp
Chief Human Resource Officer
$149k
5,245 shares
-4%
Pro nowfree Oct 21, 2026
LQDAsell 1010b5-1
Liquidia Corp
Sanjeev Khindri
Chief Development Officer
$31k
1,101 shares
-2%
Pro nowfree Oct 21, 2026
LQDAsell 1010b5-1
Liquidia Corp
Michael Kaseta
CFO and COO
$539k
18,938 shares
-5%
Pro nowfree Oct 20, 2026
LQDAsell 1010b5-1
Liquidia Corp
Roger Jeffs
Chief Executive Officer
$933k
32,744 shares
-3%
Pro nowfree Oct 20, 2026
LQDAsell 1010b5-1
Liquidia Corp
Dana Boyle
Chief Accounting Officer
$168k
5,892 shares
-3%
Pro nowfree Oct 20, 2026
LQDAsell 1010b5-1
Liquidia Corp
Jason Adair
Chief Business Officer
$208k
7,301 shares
-4%
75Notable
LQDAsell 10
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.

Jason Adair sold $507k of LQDA | InsiderTell