Bloch Stephen M 4
4 · Liquidia Corp · Filed Jul 8, 2026
Research Summary
AI-generated summary of this filing
Liquidia (LQDA) Director Stephen Bloch Sells 75,000 Shares
What Happened
Stephen M. Bloch, a director of Liquidia Corp (LQDA), sold a total of 75,000 shares in transactions on July 6–7, 2026. The sales were: 25,000 shares at a weighted average price of $80.17 (≈ $2,004,375), 22,718 shares at a weighted average price of $80.48 (≈ $1,828,420), and 27,282 shares at a weighted average price of $81.31 (≈ $2,218,376). These were disposals (sales), not purchases or option exercises.
Key Details
- Transaction dates: July 6, 2026 (25,000 shares) and July 7, 2026 (22,718 and 27,282 shares).
- Reported totals: 75,000 shares sold for an aggregate ~ $6.05 million.
- Price notes: reported prices are weighted averages for multiple trades — ranges per footnotes: $80.00–$80.32 (first sale), $80.00–$80.995 (second), $81.00–$81.78 (third). Reporting person can provide breakdowns on request (per footnotes).
- Ownership after trade: not disclosed in the data provided in this summary (not specified in the supplied filing snippet).
- Related disclosure: footnote states certain securities are held by Canaan entities and the reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.
- Timeliness: Filing date July 8, 2026 for transactions through July 7, 2026 appears timely (Form 4 is generally due within 2 business days).
Context
These transactions are sales by a director and do not indicate insider purchases or option exercises. Director sales are often routine (cash needs, portfolio rebalancing, planned dispositions) and the filing does not include a 10b5-1 plan reference or other guidance on motive. Retail investors should note the size (~$6.05M) but avoid inferring company outlook solely from routine insider sales.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-07-06$80.17/sh−25,000$2,004,375→ 830,073 total(indirect: See footnote) - Sale
Common Stock
[F3][F2]2026-07-07$80.48/sh−22,718$1,828,420→ 807,355 total(indirect: See footnote) - Sale
Common Stock
[F4][F2]2026-07-07$81.31/sh−27,282$2,218,376→ 780,073 total(indirect: See footnote)
- 71,594
Common Stock
Footnotes (4)
- [F1]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $80.00 to $80.32, 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 $80.00 to $80.995, 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.
- [F4]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $81.00 to $81.78, 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.