Liquidia Corp (LQDA) director-linked fund sells 78,596 shares
Rhea-AI Filing Summary
Canaan VIII L.P., an investment fund associated with Liquidia Corp director Stephen M. Bloch, reported open-market sales totaling 78,596 shares of Liquidia common stock on July 20–21, 2026, at weighted-average prices around $79.55–$80.66. A separate entry shows Bloch directly holding 71,594 shares of common stock. Footnotes state the fund’s managers collectively make investment decisions, and Bloch disclaims beneficial ownership beyond any pecuniary interest.
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Insights
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Insider Trade Summary
Net Seller: 78,596 shares
Net Sell
4 txns
Insider
Bloch Stephen M
Role
Director
Sold
78,596 shs ($6.29M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F3, F2 | 74,444 | $79.9841 | $5.95M |
| Sale | Common Stock F4, F2 | 556 | $80.6576 | $45K |
| Sale | Common Stock F1, F2 | 3,596 | $79.5518 | $286K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 701,477 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 $79.50 to $79.78, 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.
- 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 $79.50 to $80.45, 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 $80.51 to $80.69, 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: 78,596 shares
Shares sold on 2026-07-20: 3,596 shares
Shares sold on 2026-07-21 (block 1): 74,444 shares
+2 more
5 metrics
Total shares sold
78,596 shares
Indirect open-market sales reported for July 20–21, 2026
Shares sold on 2026-07-20
3,596 shares
Indirect sale at a weighted-average price of $79.5518
Shares sold on 2026-07-21 (block 1)
74,444 shares
Indirect sale at a weighted-average price of $79.9841
Shares sold on 2026-07-21 (block 2)
556 shares
Indirect sale at a weighted-average price of $80.6576
Direct common stock holdings
71,594 shares
Directly held Liquidia common stock reported as of July 20, 2026
Key Terms
weighted average price, beneficial ownership, pecuniary interest, communications-screen policy
4 terms
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 regulatory
"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 stock sales did Liquidia Corp (LQDA) report for July 20–21, 2026?
An investment fund associated with a Liquidia director reported selling 78,596 shares of Liquidia common stock on July 20–21, 2026. The sales were executed in multiple open-market trades at weighted-average prices between $79.50 and $80.69, according to transaction footnotes.
Were the reported Liquidia (LQDA) insider sales made under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as a plan trade, and the transaction footnotes do not reference any 10b5-1 trading plan. The reported sales therefore are not identified as occurring under a pre-arranged Rule 10b5-1 program.