LQDA Liquidia Corp
Price Chart
Executive Summary
Four Liquidia Corp insiders, all directors and one CHRO, sold a total of $4.26M in open-market transactions over a 7-day window. The largest sale was director Bloch's $2.97M at ~$64.47, executed on 2026-06-04. At just 0.08% of market cap, the cluster is proportional noise, but the concentrated timing and price near 52-week highs may signal a liquidity event or planned diversification. Per academic literature, insider sales clusters are weakly predictive — these sales are more likely vesting- or window-driven than informational.
Key Financial Metrics
Actionable Insight
Sales are too small relative to a $5.5B market cap to drive directional conviction. Monitor upcoming earnings (Item 2.02) or FDA catalyst timing — the cluster may reflect pre-catalyst personal liquidity. No immediate short signal warranted.
Key Facts
- Total insider sales: $4.26M across 4 insiders (5 transactions)
- Bloch Stephen M sold $2.97M at $64.47 on 2026-06-04 — largest single trade
- Kirsch Arthur S executed two sales totaling $828K at $54.80 and $56.00
- Manning Paul B sold $727K at $63.13 on 2026-06-04
- All transactions are open-market sales — no non-cash grants or exercises in this cluster
- Cluster represents ~0.08% of $5.5B market cap — well below materiality threshold
Financial Impact
Insider sales of $4.26M, approximately 0.08% of market cap
Risk Factors
- Concentrated selling near $64 may indicate insiders are de-rishing ahead of a binary catalyst (FDA decision on YUTREPIA)
- If future clusters grow to >0.5% of market cap, signal would become more bearish
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-LQDA-1780951303036 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
1d ago
|
Institutional Cluster
| $65.50 awaiting T+1 | awaiting T+1 | — | $71.23 (+8.75%) |
|
Jun 10, 2026
2d ago
|
144
| $65.21 awaiting T+1 | awaiting T+1 | — | $71.23 (−9.23%) |
|
Jun 8, 2026
4d ago
|
Insider Cluster
| $63.94 awaiting T+1 | awaiting T+1 | — | $71.23 (+11.40%) |
|
Jun 8, 2026
4d ago
|
CLUSTER / 8-K
| $63.94 awaiting T+1 | awaiting T+1 | — | $71.23 (+11.40%) |
|
Jun 4, 2026
8d ago
|
144
| $62.76 awaiting T+1 | awaiting T+1 | — | $71.23 (−13.50%) |
|
Jun 4, 2026
8d ago
|
144
| $62.76 awaiting T+1 | awaiting T+1 | — | $71.23 (−13.50%) |
|
Jun 3, 2026
9d ago
|
Insider Cluster
| $62.54 $61.85 | ▼ −1.10% | ▲ +1.50% | $71.23 (+13.90%) |
|
Jun 1, 2026
11d ago
|
144
| $58.75 $55.11 | ▼ −6.20% | ▼ −6.34% | $71.23 (+21.24%) |
|
May 26, 2026
17d ago
|
Insider Cluster
| $62.03 $62.03 | · 0.00% | ▼ −0.55% | $71.23 (+14.83%) |
|
May 21, 2026
23d ago
|
Insider Cluster
| $61.97 $60.98 | ▼ −1.60% | ▼ −2.04% | $71.23 (+14.94%) |
US Market Status
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