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sellWeak cluster of 810b5-1 plan

Jason Adair sold $21k of LQDA

Chief Business Officer at Liquidia Corp. 689 shares at an average of $30.58, traded Mar 2, 2026, filed Mar 3, 2026.

Warning score
0
Value
$21k
689 shares
Holdings after
212,479
-0% from before
From 52-week low
+158%
low $11.99, close $30.94
From 52-week high
-34%
high $46.63, as of Mar 2, 2026

Score components

  • Role
    Officer
    +15
  • Trade size
    $21k at market
    0
  • Share of holdings sold
    Sold 0.3% 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 +18.6%, 3m +73.4%, 6m +110.5%.

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 Mar 3, 2026: -15.6%SPY +15.3% · excess -30.9%

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 0001104659-26-022895, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Feb 27, 2026MOption exercise
Common Stock10b5-1
+1,562--213,168Mar 3, 2026
Mar 2, 2026SOpen-market sale
Common Stock10b5-1
-689$30.58$21k212,479Mar 3, 2026
Feb 27, 2026MOption exercise
Restricted Stock Unitsderivative10b5-1
-1,562$0.00$00Mar 3, 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 $21k of LQDA | InsiderTell