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

Role
SVP & Chief Technology Officer
Signature
/s/ Mark A. Shaffer, by power of attorney
Stock symbol
LQDT
Transactions as of
Aug 20, 2024
Transactions value $
-$132,501
Form type
4
Date filed
8/22/2024, 04:35 PM
Previous filing
Jan 4, 2024
Next filing
Aug 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Sale -$11K -500 -0.51% $22.00 97.4K Aug 20, 2024 Direct
transaction LQDT Common Stock Options Exercise $22.8K +3.41K +3.5% $6.69 101K Aug 20, 2024 Direct F1
transaction LQDT Common Stock Options Exercise $76.1K +8.04K +7.98% $9.46 109K Aug 20, 2024 Direct F1
transaction LQDT Common Stock Sale -$98.9K -4.42K -4.07% $22.36 104K Aug 20, 2024 Direct F2
transaction LQDT Common Stock Options Exercise $12.6K +1.33K +1.27% $9.46 106K Aug 21, 2024 Direct F3
transaction LQDT Common Stock Sale -$29.2K -1.33K -1.26% $22.00 104K Aug 21, 2024 Direct
transaction LQDT Common Stock Options Exercise $8.57K +906 +0.87% $9.46 105K Aug 21, 2024 Direct F4
transaction LQDT Common Stock Sale -$19.8K -906 -0.86% $21.80 104K Aug 21, 2024 Direct
transaction LQDT Common Stock Sale -$74.4K -3.38K -3.24% $22.00 101K Aug 21, 2024 Direct
transaction LQDT Common Stock Sale -$19.2K -880 -0.87% $21.80 100K Aug 22, 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 -3.41K -100% $0.00 0 Aug 20, 2024 Common Stock 3.41K $6.69 Direct F1, F7
transaction LQDT Stock Option Grant Options Exercise $0 -16.5K -96.6% $0.00 581 Aug 20, 2024 Common Stock 17.1K $9.46 Direct F1, F8, F9
holding LQDT Restricted Stock Unit Grant 2.18K Aug 20, 2024 Common Stock 2.18K Direct F5, F13
holding LQDT Stock Option Grant 12.4K Aug 20, 2024 Common Stock 12.4K $22.20 Direct F6
holding LQDT Stock Option Grant 12.4K Aug 20, 2024 Common Stock 12.4K $22.20 Direct F10
holding LQDT Restricted Stock Unit Grant 14K Aug 20, 2024 Common Stock 14K Direct F11, F13
holding LQDT Restricted Stock Unit Grant 6.98K Aug 20, 2024 Common Stock 6.98K Direct F12, F13
holding LQDT Restricted Stock Unit Grant 14K Aug 20, 2024 Common Stock 14K Direct F13, F14
holding LQDT Resticted Stock Unit 10.5K Aug 20, 2024 Common Stock 10.5K Direct F13, F15
holding LQDT Stock Option Grant 11.2K Aug 20, 2024 Common Stock 11.2K $14.00 Direct F6
holding LQDT Stock Option Grant 11.2K Aug 20, 2024 Common Stock 11.2K $14.00 Direct F16
holding LQDT Resticted Stock Unit Grant 17.9K Aug 20, 2024 Common Stock 17.9K Direct F13, F17
holding LQDT Restricted Stock Unit Grant 17.9K Aug 20, 2024 Common Stock 17.9K Direct F13, F14
holding LQDT Stock Option Grant 14.4K Aug 20, 2024 Common Stock 14.4K $17.31 Direct F6
holding LQDT Stock Option Grant 14.4K Aug 20, 2024 Common Stock 14.4K $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.