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Liquidia Corp·4

Jun 12, 4:30 PM ET

Bloch Stephen M 4

Research Summary

AI-generated summary

Updated

Liquidia (LQDA) Director Stephen Bloch Sells $26.6M in Shares

What Happened

  • Stephen M. Bloch, a director of Liquidia Corp (LQDA), sold a total of 388,223 shares in open‑market transactions on June 10–11, 2026. The reported proceeds totaled approximately $26,634,789. All transactions are reported as sales (code "S").
  • Reported weighted‑average prices for the lots ranged from about $64.48 to $72.41 (execution prices across trades spanned roughly $64.00 to $72.48). Sales of this type are dispositions (liquidity/diversification) rather than purchases.

Key Details

  • Transaction dates and reported lots:
    • 2026-06-10: 14,416 shares @ $64.48 — $929,554 (prices in this lot ranged $64.00–$64.995; F1)
    • 2026-06-10: 103,301 shares @ $65.54 — $6,770,585 (range $65.00–$65.995; F3)
    • 2026-06-10: 28,237 shares @ $66.30 — $1,872,206 (range $66.00–$66.68; F4)
    • 2026-06-11: 1,476 shares @ $66.40 — $98,000 (range $66.35–$66.91; F5)
    • 2026-06-11: 17,369 shares @ $67.90 — $1,179,414 (range $67.35–$68.335; F6)
    • 2026-06-11: 25,117 shares @ $68.91 — $1,730,720 (range $68.35–$69.3425; F7)
    • 2026-06-11: 85,285 shares @ $69.87 — $5,959,204 (range $69.35–$70.34; F8)
    • 2026-06-11: 20,208 shares @ $71.07 — $1,436,124 (range $70.35–$71.34; F9)
    • 2026-06-11: 92,128 shares @ $71.74 — $6,609,309 (range $71.35–$72.34; F10)
    • 2026-06-11: 686 shares @ $72.41 — $49,673 (range $72.36–$72.48; F11)
  • Total sold: 388,223 shares for ~$26.63M.
  • Shares owned after transaction: Not specified in the excerpt provided (see the full Form 4 for post‑sale holdings).
  • Notable footnotes: Prices are reported as weighted averages across multiple executions; the filer offers to provide a breakdown of shares sold at each specific price on request. A separate footnote (F2) appears in the filing concerning securities held by Canaan Entities and a disclaimer of beneficial ownership — see the Form 4 text for applicability.
  • Filing timeliness: Form 4 filed on 2026-06-12 for trades on 2026-06-10–11 — appears timely (filed within the Form 4 reporting window).

Context

  • These were open‑market sales (not option exercises or awards). Sales by insiders can reflect personal liquidity or portfolio rebalancing and are not, by themselves, proof of a change in view on the company; purchases generally carry more weight as signals. For full details, see the Form 4 (Accession 0001104659-26-073507) filed with the SEC on 2026-06-12.