LQDA Liquidia Corp
Price Chart
Executive Summary
CEO Roger Jeffs sold 100,000 shares (~$6.1M) over four consecutive trading days, and director/10% owner Caligan Partners LP sold 5,300 shares (~$318K) in the same window. Total insider sales of ~$6.4M represent 0.12% of LQDA's $5.4B market cap, a modest amount. Insider sales are typically a weak directional signal, and the size relative to market cap is not alarming.
Key Financial Metrics
Actionable Insight
Insider selling is modest relative to market cap and not a strong bearish signal per academic literature. Monitor for any upcoming corporate events (e.g., clinical trial results or regulatory decisions) that could provide context for the sales. The pattern of sequential daily sales by the CEO may indicate a pre-arranged 10b5-1 plan; if not, further sales could warrant attention.
Key Facts
- CEO Roger Jeffs sold 100,000 shares across May 20-26, 2026, totaling ~$6.1M.
- Director/10% owner Caligan Partners LP sold 5,300 shares on May 19, 2026, for ~$318K.
- Total insider sales of ~$6.4M equal 0.12% of LQDA's $5.4B market cap.
- No open-market insider purchases occurred in the cluster.
Financial Impact
Insider sales of $6.4M, 0.12% of market cap
Risk Factors
- If the CEO's sales are not part of a 10b5-1 plan, continued selling could signal management's view of overvaluation.
- Caligan Partners' sale reduces a major holder's stake, but the amount is small.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-LQDA-1779833830589 |
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
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access