LQDA CLUSTER SEC Filing Analysis

Latest settled — T+20d

LQDA ▲ +36.76% at T+20d

SHORT call ✗ call lost -36.76% · α vs SPY -29.03% · entry $38.85 → $53.13

Next anchor: T+60d in 24d

Currently $71.23 · -83.35% from $38.85 entry (call sign-flipped)

Entry anchored
Apr 10, 03:59 PM ET
via Databento tick

T+1d

-0.36%

call +0.36% · α +1.57%

$38.71

settled 2mo ago

T+5d

-3.06%

call +3.06% · α +6.36%

$37.66

settled 8w ago

T+20d

+36.76%

call -36.76% · α -29.03%

$53.13

settled 5w ago

T+60d

—

call — · α —

—

in 24d

Price Chart

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Executive Summary

Eight corporate insiders at Liquidia Corp, including the CEO, CFO, and multiple C-suite executives, sold shares in a concentrated 7-day window, generating $3.0 million in total proceeds. The CEO and CFO executed multiple open-market sales totaling over $2.7 million, while other executives sold smaller amounts. This represents a coordinated exit by leadership amid no disclosed corporate catalyst.

Key Financial Metrics

Direction

selling

Total Value

$3.0M

Insiders

8

Actionable Insight

Coordinated selling by the CEO, CFO, and six other C-suite executives raises concerns about confidence in near-term prospects. Traders should monitor upcoming earnings or pipeline updates for signs of weakening fundamentals or guidance changes. Absent a clear rationale, this pattern increases downside risk.

Key Facts

CEO Roger Jeffs sold 68,839 shares for $2.78 million in three separate transactions between April 15–17, 2026.
CFO Michael Kaseta sold 9,044 shares for $363,034 and separately exercised options on 173,942 shares (non-cash).
Six other C-suite executives sold between $175K and $525K each, all at similar prices around $38.37.
Total insider sales cluster amounts to $3.0 million in open-market dispositions over 7 days.
Sales represent approximately 0.09% of Liquidia's $3.3B market cap — modest but highly concentrated among top executives.

Financial Impact

$3.0 million in open-market insider selling over 7 days

insider ownershipinvestor sentimentpotential dilution signal

Risk Factors

Loss of executive confidence in stock price trajectory
Potential perception of insider pessimism ahead of earnings or clinical data readout

Market Snapshot

Exchange

Nasdaq

Sector

Pharmaceutical Preparations

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-LQDA-1776803455850

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 2d ago	Institutional Cluster BULLISH ★ 5/10	$65.50 awaiting T+1	awaiting T+1	—	$71.23 (+8.75%)
Jun 10, 2026 2d ago	144 BEARISH ★ 5/10	$65.21 awaiting T+1	awaiting T+1	—	$71.23 (−9.23%)
Jun 8, 2026 4d ago	Insider Cluster NEUTRAL ★ 3/10	$63.94 awaiting T+1	awaiting T+1	—	$71.23 (+11.40%)
Jun 8, 2026 4d ago	CLUSTER / 8-K NEUTRAL ★ 5/10	$63.94 awaiting T+1	awaiting T+1	—	$71.23 (+11.40%)
Jun 4, 2026 8d ago	144 BEARISH ★ 6/10	$62.76 awaiting T+1	awaiting T+1	—	$71.23 (−13.50%)
Jun 4, 2026 8d ago	144 BEARISH ★ 5/10	$62.76 awaiting T+1	awaiting T+1	—	$71.23 (−13.50%)
Jun 3, 2026 9d ago	Insider Cluster NEUTRAL ★ 3/10	$62.54 $61.85	▼ −1.10%	▲ +1.50%	$71.23 (+13.90%)
Jun 1, 2026 11d ago	144 NEUTRAL ★ 4/10	$58.75 $55.11	▼ −6.20%	▼ −6.34%	$71.23 (+21.24%)
May 26, 2026 17d ago	Insider Cluster NEUTRAL ★ 4/10	$62.03 $62.03	· 0.00%	▼ −0.55%	$71.23 (+14.83%)
May 21, 2026 23d ago	Insider Cluster MIXED ★ 5/10	$61.97 $60.98	▼ −1.60%	▼ −2.04%	$71.23 (+14.94%)

US Market Status

Market Closed — Opens Mon (49h 15m)

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