Novelette Murray - Aug 23, 2024 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
Chief Human Resources Officer
Signature
/s/ Mark A. Shaffer, by power of attorney
Stock symbol
LQDT
Transactions as of
Aug 23, 2024
Transactions value $
-$103,751
Form type
4
Date filed
8/27/2024, 08:46 PM
Previous filing
Jan 4, 2024
Next filing
Sep 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Options Exercise $12.7K +1.34K +3.1% $9.46 44.5K Aug 23, 2024 Direct F21
transaction LQDT Common Stock Sale -$29.8K -1.34K -3.01% $22.25 43.2K Aug 23, 2024 Direct
transaction LQDT Common Stock Options Exercise $59.4K +6.28K +14.53% $9.46 49.4K Aug 23, 2024 Direct F22
transaction LQDT Common Stock Sale -$139K -6.28K -12.69% $22.22 43.2K Aug 23, 2024 Direct
transaction LQDT Common Stock Options Exercise $11.1K +796 +1.84% $14.00 44K Aug 23, 2024 Direct F23
transaction LQDT Common Stock Sale -$17.7K -796 -1.81% $22.22 43.2K Aug 23, 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 -16.5K -97.64% $0.00 400 Aug 23, 2024 Common Stock 16.9K $9.46 Direct F1, F15
transaction LQDT Stock Option Grant Options Exercise $0 -3.54K -12.51% $0.00 24.8K Aug 23, 2024 Common Stock 28.3K $9.46 Direct F1, F16
transaction LQDT Stock Option Grant Options Exercise $0 -3.29K -39.58% $0.00 5.03K Aug 23, 2024 Common Stock 8.32K $14.00 Direct F1, F19
holding LQDT Restricted Stock Unit Grant 1.48K Aug 23, 2024 Common Stock 1.48K Direct F2, F3
holding LQDT Restricted Stock Unit Grant 10K Aug 23, 2024 Common Stock 10K Direct F2, F5
holding LQDT Restricted Stock Unit Grant 3.49K Aug 23, 2024 Common Stock 3.49K Direct F2, F6
holding LQDT Restricted Stock Unit Grant 7.77K Aug 23, 2024 Common Stock 7.77K Direct F2, F7
holding LQDT Restricted Stock Unit Grant 6.98K Aug 23, 2024 Common Stock 6.98K Direct F2, F8
holding LQDT Restricted Stock Unit Grant 10.4K Aug 23, 2024 Common Stock 10.4K Direct F2, F9
holding LQDT Restricted Stock Unit Grant 10.7K Aug 23, 2024 Common Stock 10.7K Direct F2, F10
holding LQDT Restricted Stock Unit Grant 10.7K Aug 23, 2024 Common Stock 10.7K Direct F2, F9
holding LQDT Stock Option Grant 1.05K Aug 23, 2024 Common Stock 1.05K $10.30 Direct F11
holding LQDT Stock Option Grant 1.85K Aug 23, 2024 Common Stock 1.85K $10.30 Direct F12
holding LQDT Stock Option Grant 1.34K Aug 23, 2024 Common Stock 1.34K $6.11 Direct F13
holding LQDT Stock Option Grant 2.54K Aug 23, 2024 Common Stock 2.54K $6.69 Direct F14
holding LQDT Stock Option Grant 6.19K Aug 23, 2024 Common Stock 6.19K $22.20 Direct F4
holding LQDT Stock Option Grant 6.19K Aug 23, 2024 Common Stock 6.19K $22.20 Direct F18
holding LQDT Stock Option Grant 8.32K Aug 23, 2024 Common Stock 8.32K $14.00 Direct F17
holding LQDT Stock Option Grant 8.66K Aug 23, 2024 Common Stock 8.66K $17.31 Direct F17
holding LQDT Stock Option Grant 8.66K Aug 23, 2024 Common Stock 8.66K $17.31 Direct F20
* 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 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F3 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.
F4 This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F5 Twenty-five percent of this restricted stock unit grant vested on October 1, 2021 and thereafter, an additional 1/4th will vest on each of October 1, 2022, October 1, 2023, and October 1, 2024.
F6 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.
F7 Twenty-five percent of this restricted stock unit grant will vest on January 1, 2024 and thereafter, an additional 1/4th will vest on each of January 1, 2025, January 1, 2026 and January 1, 2027.
F8 These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F9 These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F10 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.
F11 These options become exercisable, if at all, based on the completion of the Issuer's strategic transformation as well as the Issuer's achievement of certain financial milestones.
F12 15/48th of this option grant vested on January 1, 2018 and thereafter, an additional 1/48th vests each month for thirty-three months.
F13 12/48th of this option grant vested on January 1, 2020 and thereafter an additional 1/48th vests each month for thirty-six months.
F14 12/48th of this option grant vested on January 1, 2021 and thereafter, 1/48th will vest each month for thirty-six months.
F15 This option becomes excercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F16 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.
F17 These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F18 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.
F19 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.
F20 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.
F21 The reporting person exercised 3,539 stock options; 2,199 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 1,340 shares were acquired by the reporting person.
F22 The reporting person exercised 16,543 stock options; 10,268 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 6,275 shares were acquired by the reporting person.
F23 The reporting person exercised 3,293 stock options; 2,497 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 796 shares were acquired by the reporting person.