Bloch Stephen M 4

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.