LQDA 144 SEC Filing Analysis

Latest settled — T+20d ⚠ clustered

LQDA ▲ +51.27% at T+20d

SHORT call ✗ call lost -51.27% · α vs SPY -47.07% · entry $37.66 → $56.97

Next anchor: T+60d in 29d

Last close $71.23 (close Jun 12) · -89.14% from $37.66 entry (call sign-flipped)

Entry anchored
Apr 17, 03:59 PM ET
via Databento tick

T+1d

-3.74%

call +3.74% · α +3.09%

$36.25

settled 8w ago

T+5d

-0.85%

call +0.85% · α +1.76%

$37.34

settled 7w ago

T+20d

+51.27%

call -51.27% · α -47.07%

$56.97

settled 4w ago

T+60d

—

call — · α —

—

in 29d

Price Chart

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Executive Summary

Roger Jeffs, a director and officer of Liquidia Corp, filed a Form 144 to report proposed sales of 148,277 shares through Serendipity Biopharma LLC and personal transactions, with recent sales totaling approximately $4.0 million over five days in mid-April 2026. The sales are conducted under a 10b5-1 plan, indicating prearranged trading, but come amid elevated insider selling activity.

Actionable Insight

Traders should monitor for continued insider selling, especially given the 10b5-1 plan execution and recent volume. While prearranged, the scale and timing—amid a $3.6B market cap—may signal reduced confidence, particularly if not offset by fundamentals in upcoming earnings.

Key Facts

Roger Jeffs, Director and Officer of Liquidia Corp, is the reporting owner.
Form 144 filed for 148,277 common shares, with recent sales executed between April 9–17, 2026.
Total value of reported transactions: ~$4.01 million (sum of $1,007,800 + $1,003,522.50 + $132,000 + $1,256,387.28 + $859,876.96 + $1,002,887.50).
Sales conducted under a 10b5-1 plan for Serendipity Biopharma LLC, suggesting pre-planned disposition.
Recent insider activity shows 6 sell transactions in the past 30 days totaling $3.9M, indicating sustained insider selling pressure.

Financial Impact

$4.01 million in proposed and recently executed sales by a corporate insider

insider ownershipmarket sentimentpotential dilution perception

Risk Factors

Perception of insider pessimism despite 10b5-1 plan justification
Increased selling pressure from affiliates could weigh on share price
Lack of offsetting insider buying or positive corporate news

Market Snapshot

Exchange

Nasdaq

Sector

Pharmaceutical Preparations

Documents Analyzed

This report is based on 3 SEC documents filed with EDGAR.

Document	Accession Number
144 Filing (Primary)	0001950047-26-003618
Document: 0001950047-26-003618-index.html	0001950047-26-003618
Document: 0001950047-26-003618.txt	0001950047-26-003618

32 reports for LQDA

T+1T+5T+20T+60

80% Hit rate 8 of 10 directional calls best @ T+60▲ +70.18%Mar 5, 2026

Filters

Reports for LQDA — sortable, filterable
	Type				Now
Jun 11, 2026 3d ago	Institutional Cluster BULLISH ★ 5/10	$65.50 awaiting T+1	awaiting T+1	—	$71.23 (+8.75%)
Jun 10, 2026 4d ago	144 BEARISH ★ 5/10	$65.21 awaiting T+1	awaiting T+1	—	$71.23 (−9.23%)
Jun 8, 2026 6d ago	Insider Cluster NEUTRAL ★ 3/10	$63.94 awaiting T+1	awaiting T+1	—	$71.23 (+11.40%)
Jun 8, 2026 6d ago	CLUSTER / 8-K NEUTRAL ★ 5/10	$63.94 awaiting T+1	awaiting T+1	—	$71.23 (+11.40%)
Jun 4, 2026 10d ago	144 BEARISH ★ 6/10	$62.76 awaiting T+1	awaiting T+1	—	$71.23 (−13.50%)
Jun 4, 2026 10d ago	144 BEARISH ★ 5/10	$62.76 awaiting T+1	awaiting T+1	—	$71.23 (−13.50%)
Jun 3, 2026 11d ago	Insider Cluster NEUTRAL ★ 3/10	$62.54 $61.85	▼ −1.10%	▲ +1.50%	$71.23 (+13.90%)
Jun 1, 2026 13d ago	144 NEUTRAL ★ 4/10	$58.75 $55.11	▼ −6.20%	▼ −6.34%	$71.23 (+21.24%)
May 26, 2026 19d ago	Insider Cluster NEUTRAL ★ 4/10	$62.03 $62.03	· 0.00%	▼ −0.55%	$71.23 (+14.83%)
May 21, 2026 25d ago	Insider Cluster MIXED ★ 5/10	$61.97 $60.98	▼ −1.60%	▼ −2.04%	$71.23 (+14.94%)

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