Liquidia director sells 75K shares near $80
Liquidia Corp director‑associated entity reports open-market sales of Common Stock.
Rhea-AI Filing Summary
Liquidia Corp director‑associated entity reports open-market sales of Common Stock. An investment entity, Canaan VIII L.P., which is associated with director Stephen M. Bloch, sold a total of 75,000 shares of Liquidia Common Stock in open-market transactions at weighted average prices around the low-$80 range.
These sales were executed indirectly through the Canaan entities, which hold the shares and whose managers collectively make investment and voting decisions. The filing states that Bloch disclaims beneficial ownership of these securities except to the extent of any pecuniary interest, and that he did not participate in the investment decision under a communications-screen policy.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 75,000 shares
Net Sell
4 txns
Insider
Bloch Stephen M
Role
Director
Sold
75,000 shs ($6.05M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 22,718 | $80.4833 | $1.83M |
| Sale | Common Stock | 27,282 | $81.3128 | $2.22M |
| Sale | Common Stock | 25,000 | $80.175 | $2.00M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 780,073 shares (Indirect, See footnote);
Common Stock — 71,594 shares (Direct)
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.
Key Figures
Total shares sold: 75,000 shares
Sale block 1: 25,000 shares at $80.1750
Sale block 2: 22,718 shares at $80.4833
+3 more
6 metrics
Total shares sold
75,000 shares
Open-market sales of Common Stock by Canaan entity
Sale block 1
25,000 shares at $80.1750
Common Stock open-market sale on 2026-07-06
Sale block 2
22,718 shares at $80.4833
Common Stock open-market sale on 2026-07-07
Sale block 3
27,282 shares at $81.3128
Common Stock open-market sale on 2026-07-07
Indirect holdings after trades
780,073–830,073 shares
Reported post-transaction indirect Common Stock positions
Direct holding snapshot
71,594 shares
Reported direct Common Stock holding as of 2026-07-06
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" for Common Stock transactions"
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"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Liquidia Corp (LQDA) disclose in this Form 4?
Liquidia Corp reported that Canaan VIII L.P., an entity associated with director Stephen M. Bloch, sold 75,000 shares of Common Stock in open-market transactions. The trades occurred at weighted average prices in the low-$80 range, reflecting a net reduction in the entity’s indirect holdings.
What are Bloch’s remaining reported holdings in Liquidia Corp (LQDA) after these sales?
After the reported transactions, the filing shows indirect holdings for the Canaan entities remaining above 780,000 shares of Liquidia Common Stock. It also lists a separate direct holding of 71,594 shares for Bloch, providing context on the overall position still associated with him following the sales.
Were the Liquidia Corp (LQDA) insider sales executed at a single price or over a range?
Each reported sale used a weighted average price, reflecting many trades within disclosed ranges. For example, one sale’s trades ranged from $80.00 to $80.32, and another from $81.00 to $81.78. The filer offers to provide full breakdowns of share counts at each price upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
