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sellWeak cluster of 810b5-1 plan

Jason Adair sold $29k of LQDA

Chief Business Officer at Liquidia Corp. 688 shares at an average of $41.65, traded Jan 26, 2026, filed Jan 28, 2026.

Warning score
15
Value
$29k
688 shares
Holdings after
211,169
-0% from before
From 52-week low
+252%
low $11.99, close $42.21
From 52-week high
0%
high $42.21, as of Jan 26, 2026

Score components

  • Role
    Officer
    +15
  • Trade size
    $29k at market
    +5
  • Share of holdings sold
    Sold 0.3% of holdings
    0
  • Cluster
    8 insiders selling within 14 days
    +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 -26.0%, 3m -9.0%, 6m +107.2%.

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 Jan 28, 2026: -34.7%SPY +12.8% · excess -47.4%

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 0001104659-26-007428, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Jan 26, 2026SOpen-market sale
Common Stock10b5-1
-688$41.65$29k211,169Jan 28, 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 $29k of LQDA | InsiderTell