Mark A. Shaffer - 19 Aug 2024 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Signature
/s/ Mark A. Shaffer
Issuer symbol
LQDT
Transactions as of
19 Aug 2024
Net transactions value
-$253,978
Form type
4
Filing time
21 Aug 2024, 18:42:21 UTC
Previous filing
04 Jan 2024
Next filing
01 Nov 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Sale $18,665 -827 -2.1% $22.57 38,415 19 Aug 2024 By The Mark A. Shaffer Revocable Trust
transaction LQDT Common Stock Options Exercise $33,715 +3,564 +9.3% $9.46 41,979 19 Aug 2024 By The Mark A. Shaffer Revocable Trust F1
transaction LQDT Common Stock Sale $78,551 -3,564 -8.5% $22.04 38,415 19 Aug 2024 By The Mark A. Shaffer Revocable Trust
transaction LQDT Common Stock Options Exercise $19,827 +3,245 +8.4% $6.11 41,660 19 Aug 2024 By The Mark A. Shaffer Revocable Trust F2
transaction LQDT Common Stock Options Exercise $69,188 +10,342 +25% $6.69 52,002 19 Aug 2024 By The Mark A. Shaffer Revocable Trust F2
transaction LQDT Common Stock Options Exercise $114,040 +12,055 +23% $9.46 64,057 19 Aug 2024 By The Mark A. Shaffer Revocable Trust F2
transaction LQDT Common Stock Sale $203,087 -8,923 -14% $22.76 55,134 19 Aug 2024 By The Mark A. Shaffer Revocable Trust F4
transaction LQDT Common Stock Sale $22,100 -1,000 -1.8% $22.10 54,134 20 Aug 2024 By The Mark A. Shaffer Revocable Trust
transaction LQDT Common Stock Sale $168,346 -7,673 -14% $21.94 46,461 21 Aug 2024 By The Mark A. Shaffer Revocable Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LQDT Stock Option Grant Options Exercise $0 -3,245 -100% $0.000000 0 19 Aug 2024 Common Stock 3,245 $6.11 Direct F3, F5
transaction LQDT Stock Option Grant Options Exercise $0 -10,342 -100% $0.000000 0 19 Aug 2024 Common Stock 10,342 $6.69 Direct F3, F6
transaction LQDT Stock Option Grant Options Exercise $0 -21,174 -83% $0.000000 4,443 19 Aug 2024 Common Stock 25,617 $9.46 Direct F3, F7
holding LQDT Restricted Stock Unit Grant 1,912 19 Aug 2024 Common Stock 1,912 Direct F8, F11
holding LQDT Stock Option Grant 7,740 19 Aug 2024 Common Stock 7,740 $22.20 Direct F9
holding LQDT Stock Option Grant 7,740 19 Aug 2024 Common Stock 7,740 $22.20 Direct F10
holding LQDT Restricted Stock Unit Grant 6,540 19 Aug 2024 Common Stock 6,540 Direct F11, F12
holding LQDT Restricted Stock Unit Grant 6,540 19 Aug 2024 Common Stock 6,540 Direct F11, F13
holding LQDT Stock Option Grant 10,405 19 Aug 2024 Common Stock 10,405 $14.00 Direct F14
holding LQDT Stock Option Grant 10,405 19 Aug 2024 Common Stock 10,405 $14.00 Direct F15
holding LQDT Restrcited Stock Unit Grant 9,712 19 Aug 2024 Common Stock 9,712 Direct F11, F16
holding LQDT Restricted Stock Unit Grant 12,950 19 Aug 2024 Common Stock 12,950 Direct F11, F14
holding LQDT Restricted Stock Unit Grant 14,630 19 Aug 2024 Common Stock 14,630 Direct F11, F17
holding LQDT Restricted Stock Unit Grant 14,630 19 Aug 2024 Common Stock 14,630 Direct F11, F18
holding LQDT Stock Option Grant 11,825 19 Aug 2024 Common Stock 11,825 $17.31 Direct F14
holding LQDT Stock Option Grant 11,825 19 Aug 2024 Common Stock 11,825 $17.31 Direct F19
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person exercised 9,119 stock options; 5,555 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 3,564 shares were acquired by the reporting person.
F2 Represents an exercise of stock options.
F3 Represents an exercise of stock options.
F4 The reporting person surrendered 8,923 shares with a market value of $203,087.48 to the issuer to pay the cost and related taxes associated with the exercise of the stock options described above (i.e., the 3,245 options at $6.11, the 10,342 stock options at $6.69 and 12, 055 stock options at $9.46).
F5 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
F6 12/48th of this option grant vested on January 1, 2022 and thereafter, an additional 1/48th will vest each month for thirty-six months.
F7 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
F8 11. Twenty-five percent of this restricted stock unit grant vested on January 1, 2022 and thereafter, an additional 1/4th will vest on each of January 1, 2023, January 1, 2024 and January 1, 2025.
F9 These options become exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F10 12/48th of this option grant vested on January 1, 2023 and thereafter, an additional 1/48th will vest each month for thirty-six months.
F11 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F12 These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F13 Twenty-five percent of this restricted stock unit grant vested on January 1, 2023 and thereafter, an additional 1/4th will vest on each of January 1, 2024, January 1, 2025 and January 1, 2026.
F14 These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F15 12/48th of this option grant will vest on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months.
F16 Twenty-five percent of this restricted stock unit grant will vest on January 1, 2024, and thereafter 25% will vest on each of January 1, 2025, January 1, 2026 and January 1, 2027.
F17 These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F18 Twenty-five percent of this restricted stock unit grant will vest on January 1, 2025 and thereafter, an additional 1/4th will vest on each of January 1, 2026, January 1, 2027 and January 1, 2028.
F19 12/48th of this option grant will vest on January 1, 2025 and thereafter, an additional 1/48th will vest each month for thirty-six months.