LQDA Liquidia Corp
Price Chart
Executive Summary
Three Liquidia Corp insiders sold a total of ~$1.32M in open-market transactions over a one-week window ending June 1, 2026. The selling is concentrated (CEO and two directors/executives) and represents ~0.027% of the company's $4.9B market cap — a trivial proportion. Given the small size relative to market cap, the cluster is not material; the CEO sale ($400K) could be routine portfolio diversification, and the director sales may be tax-related. This does not signal bearish conviction at a meaningful scale.
Key Financial Metrics
Actionable Insight
Insider selling at this scale is routine and does not indicate coordinated bearish conviction. The CEO's $400K sale is small relative to his likely total holdings. However, the cumulative $8.5M in insider sales over the past 30 days should be monitored for acceleration. If total monthly open-market sales exceed ~$20M (0.4% of market cap), that would warrant a more cautious read. For now, no action needed — the stock trades at a high multiple with 93% analyst bullishness, and this cluster does not challenge that thesis.
Key Facts
- Total insider selling: ~$1.32M over 7 days (June 1-3, 2026)
- CEO Roger Jeffs sold 6.4K shares at $62.18 for ~$400K on May 27
- Director Arthur S. Kirsch sold 30K total across three trades ($548K + $280K + $903K = $1.73M, but only $903K falls in the cluster window; the others extend to June 3)
- CHRO Sarah Krepp sold 276 shares at $60.87 for ~$17K on June 1
- Total sales represent ~0.027% of $4.9B market cap — far below the 0.1% materiality threshold
- Recent 30d insider activity shows 9 other sells totaling $8.5M, suggesting a pattern of routine selling
Financial Impact
Insider sales of ~$1.32M represent a de minimis 0.027% of market cap — no material impact on stock supply or ownership structure
Risk Factors
- Insider selling could accelerate if the stock continues to trade near $60+ levels, potentially signaling a top
- CEO selling, while small, could be followed by larger sales if lock-up or 10b5-1 plans permit
- Given the positive historical performance on LQDA calls (80% win rate, +28% avg T+20), the market is resilient — but insider selling is a contrarian data point to watch
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-LQDA-1780518826205 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
5d ago
|
Institutional Cluster
| $71.63 $71.23 | ▼ −0.55% | ▼ −1.09% | $68.01 (−5.05%) |
|
Jun 10, 2026
6d ago
|
144
| $71.63 $71.23 | ▲ +0.55% | ▲ +1.09% | $68.01 (+5.05%) |
|
Jun 8, 2026
8d ago
|
Insider Cluster
| $64.01 $65.25 | ▲ +1.94% | ▲ +3.51% | $68.01 (+6.25%) |
|
Jun 8, 2026
8d ago
|
CLUSTER / 8-K
| $64.01 $65.25 | ▲ +1.94% | ▲ +3.51% | $68.01 (+6.25%) |
|
Jun 4, 2026
12d ago
|
144
| $61.85 $63.90 | ▼ −3.31% | ▼ −3.09% | $68.01 (−9.96%) |
|
Jun 4, 2026
12d ago
|
144
| $61.85 $63.90 | ▼ −3.31% | ▼ −3.09% | $68.01 (−9.96%) |
|
Jun 3, 2026
13d ago
|
Insider Cluster
| $62.54 $61.85 | ▼ −1.10% | ▲ +1.50% | $68.01 (+8.75%) |
|
Jun 1, 2026
15d ago
|
144
| $58.75 $55.11 | ▼ −6.20% | ▼ −6.34% | $68.01 (+15.76%) |
|
May 26, 2026
21d ago
|
Insider Cluster
| $62.03 $62.03 | · 0.00% | ▼ −0.55% | $68.01 (+9.64%) |
|
May 21, 2026
27d ago
|
Insider Cluster
| $61.97 $60.98 | ▼ −1.60% | ▼ −2.04% | $68.01 (+9.75%) |
US Market Status
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