Venture fund tied to Liquidia (LQDA) director sells 220,835 shares
Rhea-AI Filing Summary
Liquidia Corp director-affiliated entity reports open-market share sales. A fund associated with director Stephen M. Bloch sold a total of 220,835 shares of Liquidia common stock in open-market transactions on June 8 and June 9, at weighted average prices around $64–$66 per share.
The securities are held directly by Canaan VIII L.P., whose investment and voting decisions are made collectively by the managers of Canaan Partners VIII LLC. Bloch disclaims beneficial ownership of these securities except to any pecuniary interest through his interests in Canaan Partners VIII LLC and did not participate in the investment decision due to a communications-screen policy. Separately, the filing shows Bloch directly holding 65,712 Liquidia shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 220,835 shares
Net Sell
6 txns
Insider
Bloch Stephen M
Role
Director
Sold
220,835 shs ($14.27M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 64,500 | $64.2718 | $4.15M |
| Sale | Common Stock | 8,034 | $65.243 | $524K |
| Sale | Common Stock | 106,310 | $64.4941 | $6.86M |
| Sale | Common Stock | 39,187 | $65.3796 | $2.56M |
| Sale | Common Stock | 2,804 | $66.188 | $186K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,564,407 shares (Indirect, See footnote);
Common Stock — 65,712 shares (Direct)
Footnotes (6)
- F1. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $64.00 to $64.995, 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.
- 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 $65.00 to $65.90, 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 $66.01 to $66.39, 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.
- F5. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $64.00 to $64.99, 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.
- F6. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $65.00 to $65.72, 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.
Key Figures
Total shares sold: 220,835 shares
June 9 sale price: $65.2430 per share
June 9 sale price: $64.2718 per share
+4 more
7 metrics
Total shares sold
220,835 shares
Open-market sales reported in Form 4
June 9 sale price
$65.2430 per share
Open-market sale of 8,034 shares on June 9
June 9 sale price
$64.2718 per share
Open-market sale of 64,500 shares on June 9
June 8 sale price
$66.1880 per share
Open-market sale of 2,804 shares on June 8
June 8 sale price
$65.3796 per share
Open-market sale of 39,187 shares on June 8
June 8 sale price
$64.4941 per share
Open-market sale of 106,310 shares on June 8
Direct holdings
65,712 shares
Direct common stock holding as of June 8
Key Terms
open-market sale, weighted average price, beneficial ownership, pecuniary interest, +1 more
5 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the securities held by the Canaan Entities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest, if any, in such securities"
communications-screen policy financial
"The Canaan Entities have instituted a communications-screen policy with respect to securities matters"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Liquidia Corp (LQDA) disclose for Stephen M. Bloch?
Liquidia disclosed that a fund associated with director Stephen M. Bloch sold 220,835 common shares in open-market transactions. These sales occurred on June 8 and June 9 at weighted average prices between about $64 and $66 per share.
What are Stephen M. Bloch’s direct Liquidia (LQDA) holdings after the reported transactions?
The Form 4 shows a direct holding entry of 65,712 Liquidia common shares for Stephen M. Bloch as of June 8. This position is separate from the larger stake held indirectly through the Canaan entities, which is subject to his beneficial ownership disclaimer.
How are the Liquidia (LQDA) sale prices described in the Form 4 footnotes?
Each reported sale price is a weighted average. The shares were sold in multiple trades within specified ranges, such as $64.00–$64.99 or $66.01–$66.39. The reporting person undertakes to provide full breakdowns of shares sold at each price upon request.