Through the 90-day period concluding December 12, 2025, Liquidia's top three insider stakeholders include Chief Executive Officer Roger Jeffs (1.08Mn shares), General Counsel Russell Schundler (591.79K shares), CFO And COO Michael Kaseta (353.82K shares).
| Holder | Position | Shares | Report Date |
|---|---|---|---|
| Partners Lp Caligan | 8,118,592 | 12 Sep, 2024 | |
| Ventures, Llc Eshelman | 2,601,210 | 27 Jan, 2021 | |
| Roger Jeffs | Chief Executive Officer | 1,079,568 | 15 Oct, 2025 |
| Paul B Manning | 730,517 | 24 Jun, 2024 | |
| Russell Schundler | General Counsel | 591,788 | 02 Dec, 2025 |
| Michael Kaseta | CFO And COO | 353,823 | 02 Dec, 2025 |
| Robert A Lippe | Chief Operations Officer | 193,788 | 05 Dec, 2023 |
| Rajeev Saggar | Chief Medical Officer | 176,549 | 07 Nov, 2025 |
| Jason Adair | Chief Business Officer | 175,868 | 02 Dec, 2025 |
| Dana Boyle | Chief Accounting Officer | 155,031 | 02 Dec, 2025 |
| Scott Moomaw | Chief Commercial Officer | 154,506 | 02 Dec, 2025 |
| Sarah Krepp | Chief Human Resource Officer | 141,218 | 02 Dec, 2025 |
| Damian Degoa | 86,471 | 20 Jun, 2025 | |
| Arthur S Kirsch | 40,755 | 20 Jun, 2025 | |
| Tushar Shah | Cmo And Head Of R&D | 38,881 | 12 Nov, 2021 |
| David Edward Johnson | 38,755 | 20 Jun, 2025 | |
| Katherine Rielly-Gauvin | 38,755 | 20 Jun, 2025 | |
| Stephen M Bloch | 38,755 | 20 Jun, 2025 | |
| Joanna Horobin | 33,755 | 21 Aug, 2025 | |
| Raman Singh | 31,255 | 17 Sep, 2025 |
* Please note that the shares above only reflect shares from the fund portfolio and the institutional portfolio. Shares from the personal portfolio are excluded from this Institutional Ownership Page. See these insiders' latest transactions here on Insider Page.
| Transaction Date | Insider Name | Security Class | Transaction Type | Shares Traded | Price | Shares Remaining | Ownership | Code |
|---|---|---|---|---|---|---|---|---|
| 01 Dec, 2025 | Dana Boyle | Common Stock | D | 303 | $32.19 | 155,031 | D | S |
| 01 Dec, 2025 | Sarah Krepp | Common Stock | D | 221 | $32.19 | 141,218 | D | S |
| 28 Nov, 2025 | Michael Kaseta | Common Stock | A | 2,343 | - | 354,989 | D | M |
| 28 Nov, 2025 | Jason Adair | Common Stock | A | 1,563 | - | 176,561 | D | M |
| 28 Nov, 2025 | Scott Moomaw | Common Stock | A | 1,875 | - | 155,337 | D | M |
| 28 Nov, 2025 | Russell Schundler | Common Stock | A | 2,343 | - | 578,360 | D | M |
| 01 Dec, 2025 | Russell Schundler | Common Stock | D | 1,072 | $32.19 | 577,288 | D | S |
| 01 Dec, 2025 | Scott Moomaw | Common Stock | D | 831 | $32.19 | 154,506 | D | S |
| 01 Dec, 2025 | Michael Kaseta | Common Stock | D | 1,166 | $32.19 | 353,823 | D | S |
| 01 Dec, 2025 | Jason Adair | Common Stock | D | 693 | $32.19 | 175,868 | D | S |
| 18 Nov, 2025 | Jason Adair | Common Stock | A | 35,291 | $5.89 | 210,289 | D | M |
| 18 Nov, 2025 | Jason Adair | Common Stock | A | 365 | $5.89 | 210,654 | D | M |
| 18 Nov, 2025 | Jason Adair | Common Stock | D | 35,656 | $30.03 | 174,998 | D | S |
| 07 Nov, 2025 | Dana Boyle | Common Stock | D | 8,342 | $25.16 | 175,996 | D | S |
| 07 Nov, 2025 | Dana Boyle | Common Stock | D | 20,662 | $25.06 | 155,334 | D | S |
| 05 Nov, 2025 | Rajeev Saggar | Common Stock | D | 4,918 | $27.00 | 243,012 | D | S |
| 05 Nov, 2025 | Rajeev Saggar | Common Stock | D | 66,463 | $27.00 | 176,549 | D | S |
| 27 Oct, 2025 | Dana Boyle | Common Stock | D | 1,073 | $22.93 | 184,338 | D | S |
| 27 Oct, 2025 | Jason Adair | Common Stock | D | 692 | $22.93 | 174,998 | D | S |
| 13 Oct, 2025 | Sarah Krepp | Common Stock | D | 1,691 | $23.41 | 141,439 | D | S |