Steven Weiskircher - 20 Aug 2024 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
SVP & Chief Technology Officer
Signature
/s/ Mark A. Shaffer, by power of attorney
Issuer symbol
LQDT
Transactions as of
20 Aug 2024
Net transactions value
-$132,501
Form type
4
Filing time
22 Aug 2024, 16:35:52 UTC
Previous filing
04 Jan 2024
Next filing
27 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Sale $11,000 -500 -0.51% $22.00 97,377 20 Aug 2024 Direct
transaction LQDT Common Stock Options Exercise $22,820 +3,411 +3.5% $6.69 100,788 20 Aug 2024 Direct F1
transaction LQDT Common Stock Options Exercise $76,077 +8,042 +8% $9.46 108,830 20 Aug 2024 Direct F1
transaction LQDT Common Stock Sale $98,921 -4,424 -4.1% $22.36 104,406 20 Aug 2024 Direct F2
transaction LQDT Common Stock Options Exercise $12,572 +1,329 +1.3% $9.46 105,735 21 Aug 2024 Direct F3
transaction LQDT Common Stock Sale $29,238 -1,329 -1.3% $22.00 104,406 21 Aug 2024 Direct
transaction LQDT Common Stock Options Exercise $8,571 +906 +0.87% $9.46 105,312 21 Aug 2024 Direct F4
transaction LQDT Common Stock Sale $19,751 -906 -0.86% $21.80 104,406 21 Aug 2024 Direct
transaction LQDT Common Stock Sale $74,448 -3,384 -3.2% $22.00 101,022 21 Aug 2024 Direct
transaction LQDT Common Stock Sale $19,184 -880 -0.87% $21.80 100,142 22 Aug 2024 Direct

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 -3,411 -100% $0.000000 0 20 Aug 2024 Common Stock 3,411 $6.69 Direct F1, F7
transaction LQDT Stock Option Grant Options Exercise $0 -16,508 -97% $0.000000 581 20 Aug 2024 Common Stock 17,089 $9.46 Direct F1, F8, F9
holding LQDT Restricted Stock Unit Grant 2,175 20 Aug 2024 Common Stock 2,175 Direct F5, F13
holding LQDT Stock Option Grant 12,380 20 Aug 2024 Common Stock 12,380 $22.20 Direct F6
holding LQDT Stock Option Grant 12,380 20 Aug 2024 Common Stock 12,380 $22.20 Direct F10
holding LQDT Restricted Stock Unit Grant 13,960 20 Aug 2024 Common Stock 13,960 Direct F11, F13
holding LQDT Restricted Stock Unit Grant 6,980 20 Aug 2024 Common Stock 6,980 Direct F12, F13
holding LQDT Restricted Stock Unit Grant 13,980 20 Aug 2024 Common Stock 13,980 Direct F13, F14
holding LQDT Resticted Stock Unit 10,485 20 Aug 2024 Common Stock 10,485 Direct F13, F15
holding LQDT Stock Option Grant 11,230 20 Aug 2024 Common Stock 11,230 $14.00 Direct F6
holding LQDT Stock Option Grant 11,230 20 Aug 2024 Common Stock 11,230 $14.00 Direct F16
holding LQDT Resticted Stock Unit Grant 17,850 20 Aug 2024 Common Stock 17,850 Direct F13, F17
holding LQDT Restricted Stock Unit Grant 17,850 20 Aug 2024 Common Stock 17,850 Direct F13, F14
holding LQDT Stock Option Grant 14,430 20 Aug 2024 Common Stock 14,430 $17.31 Direct F6
holding LQDT Stock Option Grant 14,430 20 Aug 2024 Common Stock 14,430 $17.31 Direct F18
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an exercise of stock options.
F2 The reporting person surrendered 4,424 shares with a market value of $98,920.64 to the issuer to pay the cost and related taxes associated with the exercise of the stock options described above (i.e., the 3,411 options at $6.69 and the 8,042 stock options at $9.46).
F3 The reporting person exercised 4,021 stock options; 2,692 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 1,329 shares were acquired by the reporting person.
F4 The reporting person exercised 4,445 stock options; 3,539 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 906 shares were acquired by the reporting person.
F5 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.
F6 These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F7 12/48th of this option grant vested on January 1, 2021 and, thereafter, 1/48th of the option grant vests each month for thirty-six months.
F8 8,042 options were exercised on August 20, 2024 and 8,466 options were exercised on August 21, 2024.
F9 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
F10 12/48th of this option grant will vest on January 1, 2023 and thereafter, an additional 1/48th will vest each month for thirty-six months.
F11 These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F12 Twenty-five percent of this restricted stock unit grant will vest 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.
F13 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F14 These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F15 Twenty-five percent of this 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.
F16 12/48th of these options will vest on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months.
F17 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
F18 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.