Liquidia Technologies Inc (LQDA) experienced a significant after-hours plunge, with its stock price falling 7.27%.

The sharp decline followed the disclosure that company director Stephen M. Bloch disposed of a substantial number of shares. According to a regulatory filing, Bloch sold 319,000 common shares at weighted-average prices ranging from $48.61 to $53.25, a transaction valued at approximately $15,538,414.27. Following these sales, his indirect beneficial ownership decreased to 1,870,042 shares.