Bloch Stephen M 4
4 · Liquidia Corp · Filed Jun 24, 2026
Research Summary
AI-generated summary of this filing
Liquidia (LQDA) Director Stephen Bloch Sells 100,000 Shares
What Happened
- Stephen M. Bloch, a director of Liquidia Corp (LQDA), sold a total of 100,000 shares in open-market transactions on June 22, 2026. The sales consisted of 69,500 shares at a weighted average price of $75.54 (total $5,250,287) and 30,500 shares at a weighted average price of $76.18 (total $2,323,417), for an aggregate proceeds of approximately $7,573,704. These were sales (not purchases), which are often routine insider liquidity events rather than a directional vote on the company.
Key Details
- Transaction dates: June 22, 2026; Form 4 filed June 24, 2026 (timely filing).
- Prices/ranges: 69,500 shares at $75.54 (sales occurred at $75.00–$75.99 per F1); 30,500 shares at $76.18 (sales occurred at $76.00–$76.42 per F3).
- Shares owned after transaction: Not specified in the provided summary of the filing.
- Footnote F2: The filing includes a disclosure that certain securities are held by Canaan VIII L.P. and that Canaan Partners VIII LLC is the general partner; the reporting person disclaims beneficial ownership of securities held by those entities except to the extent of any pecuniary interest.
- Transaction code: S = Sale (open market/private sale). No 10b5-1 plan, gift, or option exercise was indicated in the provided details.
Context
- Sales by directors can be for personal liquidity and are common; they do not by themselves indicate management views on future company performance. Because the filing was submitted two days after the trade date, it appears to have been filed within the standard SEC reporting window. If you track insider activity, purchases generally carry more weight as a potential bullish signal than routine sales.
Insider Transaction Report
Form 4
Liquidia CorpLQDA
Bloch Stephen M
Director
Transactions
- Sale
Common Stock
[F1][F2]2026-06-22$75.54/sh−69,500$5,250,287→ 910,573 total(indirect: See footnote) - Sale
Common Stock
[F3][F2]2026-06-22$76.18/sh−30,500$2,323,417→ 880,073 total(indirect: See footnote)
Holdings
- 71,594
Common Stock
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $75.00 to $75.99, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
- [F2]The securities are held directly by Canaan VIII L.P. ("Canaan LP"). Canaan Partners VIII LLC ("Canaan LLC" and together with Canaan LP, the "Canaan Entities") is the sole general partner of Canaan LP. Investment and voting decisions with respect to the securities held by Canaan LP are made by the managers of Canaan LLC, collectively. The Reporting Person disclaims beneficial ownership of the securities held by the Canaan Entities, except to the extent of his pecuniary interest, if any, in such securities by virtue of the limited liability company interests he owns in Canaan LLC. The Canaan Entities have instituted a communications-screen policy with respect to securities matters relating to the Issuer, and the Reporting Person did not participate in this investment decision.
- [F3]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $76.00 to $76.42, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
Signature
/s/ Dr. Stephen M. Bloch|2026-06-24