Liquidia Ownership

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

Recent Insider Transactions

BST:LT4 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
12 Sep 24	Buy€2,718,595	Paul Manning	Individual	337,078	€8.07
30 Aug 24	Buy€1,289,699	Caligan Partners, LP	Company	150,000	€8.60
30 Aug 24	Sell€1,289,699	Caligan Partners, LP	Company	150,000	€8.60
18 Mar 24	Sell€415,918	Roger Jeffs	Individual	28,583	€14.55
18 Dec 23	Sell€101,161	Rajeev Saggar	Individual	14,887	€6.80
14 Dec 23	Buy€7,275,997	Caligan Partners, LP	Company	1,117,318	€6.51
14 Dec 23	Buy€1,819,003	Paul Manning	Individual	279,330	€6.51
14 Dec 23	Buy€909,501	Roger Jeffs	Individual	139,665	€6.51

Insider Trading Volume

Insider Buying: LT4 insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of LT4?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	7,182,532	8.51%
VC/PE Firms	7,182,532	8.51%
Hedge Funds	8,118,592	9.62%
Individual Insiders	8,981,462	10.6%
General Public	23,099,489	27.4%
Institutions	29,813,356	35.3%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 30.3%.

Top Shareholders

Top 25 shareholders own 64.43% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
9.62%	Caligan Partners, LP	8,118,592	€82.5m	-21.6%	24.68%
8.51%	Patient Square Capital, LP	7,182,532	€73.0m	0%	35.17%
8.51%	Legend Aggregator Advisors, LLC	7,182,532	€73.0m	0%	no data
7.28%	Paul Manning	6,146,518	€62.5m	5.8%	no data
4.98%	BlackRock, Inc.	4,205,723	€42.8m	-0.83%	no data
4.03%	The Vanguard Group, Inc.	3,401,753	€34.6m	17.8%	no data
2.84%	Findell Capital Management LLC	2,400,000	€24.4m	14%	15.51%
2.64%	State Street Global Advisors, Inc.	2,231,679	€22.7m	82%	no data
2.44%	Farallon Capital Management, L.L.C.	2,055,000	€20.9m	0%	0.14%
2.39%	Roger Jeffs	2,016,273	€20.5m	1.07%	no data
2.17%	Vestal Point Capital, LP	1,830,000	€18.6m	-8.5%	1.37%
1.55%	Geode Capital Management, LLC	1,311,800	€13.3m	16.1%	no data
1.09%	Kynam Capital Management, LP	916,574	€9.3m	-59.2%	0.92%
0.92%	Whitefort Capital Management, LP	774,479	€7.9m	129%	5.37%
0.66%	Boothbay Fund Management, LLC	558,658	€5.7m	0%	0.21%
0.59%	Bank of America Corporation, Asset Management Arm	499,361	€5.1m	4.45%	no data
0.58%	Morgan Stanley, Investment Banking and Brokerage Investments	491,971	€5.0m	-15.9%	no data
0.52%	Northern Trust Global Investments	438,600	€4.5m	-1.68%	no data
0.52%	PBM Capital Group LLC	435,674	€4.4m	0%	30.08%
0.5%	Susquehanna International Group, LLP, Asset Management Arm	424,794	€4.3m	163%	0.01%
0.44%	Eversept Partners, L.P.	373,554	€3.8m	-5.71%	0.29%
0.41%	Tang Capital Management, LLC	350,000	€3.6m	133%	0.33%
0.41%	Two Sigma Investments, LP	346,125	€3.5m	18.2%	0.01%
0.4%	Harbert Fund Advisors, Inc.	339,158	€3.4m	0%	3.01%
0.39%	Russell Schundler	331,819	€3.4m	3.56%	no data