Liquidia Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqCM:LQDA Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
18 Mar 24	SellUS$452,183	Roger Jeffs	Individual	28,583	US$15.82
18 Dec 23	SellUS$110,462	Rajeev Saggar	Individual	14,887	US$7.42
14 Dec 23	BuyUS$7,999,997	Caligan Partners, LP	Company	1,117,318	US$7.16
14 Dec 23	BuyUS$2,000,003	Paul Manning	Individual	279,330	US$7.16
14 Dec 23	BuyUS$1,000,001	Roger Jeffs	Individual	139,665	US$7.16

Insider Trading Volume

Insider Buying: LQDA insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of LQDA?
Owner Type	Number of Shares	Ownership Percentage
VC/PE Firms	7,182,532	9.4%
Private Companies	7,184,463	9.41%
Individual Insiders	8,563,522	11.2%
Hedge Funds	10,360,945	13.6%
General Public	10,850,987	14.2%
Institutions	32,240,269	42.2%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18%.

Top Shareholders

Top 25 shareholders own 75.51% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
13.6%	Caligan Partners, LP	10,360,945	US$134.1m	0%	38.96%
9.4%	Patient Square Capital, LP	7,182,532	US$92.9m	0%	41.94%
9.4%	Legend Aggregator Advisors, LLC	7,182,532	US$92.9m	0%	no data
7.61%	Paul Manning	5,809,440	US$75.2m	0%	no data
4.91%	BlackRock, Inc.	3,747,491	US$48.5m	6.18%	no data
3.82%	Canaan Management, Inc.	2,917,169	US$37.7m	0%	19.24%
3.78%	The Vanguard Group, Inc.	2,887,274	US$37.4m	1.52%	no data
2.94%	Kynam Capital Management, LP	2,248,324	US$29.1m	-16.7%	2.48%
2.76%	Findell Capital Management LLC	2,105,000	US$27.2m	0.91%	16.93%
2.69%	Farallon Capital Management, L.L.C.	2,055,000	US$26.6m	0%	0.19%
2.62%	Vestal Point Capital, LP	2,000,000	US$25.9m	95.1%	2.35%
2.61%	Roger Jeffs	1,994,878	US$25.8m	-0.12%	no data
1.61%	State Street Global Advisors, Inc.	1,226,178	US$15.9m	27.8%	no data
1.48%	Geode Capital Management, LLC	1,130,232	US$14.6m	8.37%	no data
0.77%	Morgan Stanley, Investment Banking and Brokerage Investments	584,962	US$7.6m	-41.3%	no data
0.73%	Boothbay Fund Management, LLC	558,658	US$7.2m	0%	0.25%
0.63%	Bank of America Corporation, Asset Management Arm	478,068	US$6.2m	82.7%	no data
0.58%	Northern Trust Global Investments	446,084	US$5.8m	7.05%	no data
0.57%	Invesco Capital Management LLC	436,416	US$5.6m	2,310%	no data
0.57%	PBM Capital Group LLC	435,674	US$5.6m	0%	20.28%
0.55%	Voloridge Investment Management, LLC	422,499	US$5.5m	0%	0.02%
0.52%	Eversept Partners, L.P.	396,187	US$5.1m	-42.5%	0.39%
0.52%	Opaleye Management Inc.	395,000	US$5.1m	-11.2%	1.33%
0.44%	Harbert Fund Advisors, Inc.	339,158	US$4.4m	0%	3.37%
0.44%	Whitefort Capital Management, LP	337,607	US$4.4m	45.8%	2.38%