Jorge Celaya - Sep 5, 2024 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
EVP & Chief Financial Officer
Signature
/s/ Mark A. Shaffer, by power of attorney
Stock symbol
LQDT
Transactions as of
Sep 5, 2024
Transactions value $
$19,363
Form type
4
Date filed
9/9/2024, 05:54 PM
Previous filing
Jan 4, 2024
Next filing
Sep 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Options Exercise $21.7K +3.25K +6.25% $6.69 55.2K Sep 5, 2024 Direct F1
transaction LQDT Common Stock Sale -$69.9K -3.25K -5.88% $21.51 52K Sep 5, 2024 Direct
transaction LQDT Common Stock Options Exercise $23.2K +3.8K +7.31% $6.11 55.8K Sep 5, 2024 Direct
transaction LQDT Common Stock Options Exercise $44.3K +6.62K +11.86% $6.69 62.4K Sep 5, 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 -3.8K -100% $0.00 0 Sep 5, 2024 Common Stock 3.8K $6.11 Direct F3
transaction LQDT Stock Option Grant Options Exercise $0 -15.6K -53.14% $0.00 13.8K Sep 5, 2024 Common Stock 29.4K $6.69 Direct F4
holding LQDT Stock Option Grant 55.1K Sep 5, 2024 Common Stock 55.1K $9.46 Direct F2
holding LQDT Stock Option Grant 55.1K Sep 5, 2024 Common Stock 55.1K $9.46 Direct F5
holding LQDT Stock Option Grant 7.74K Sep 5, 2024 Common Stock 7.74K $22.20 Direct F6
holding LQDT Stock Option Grant 7.74K Sep 5, 2024 Common Stock 7.74K $22.20 Direct F5
holding LQDT Stock Option Grant 16.6K Sep 5, 2024 Common Stock 16.6K $14.00 Direct F7
holding LQDT Stock Option Grant 16.6K Sep 5, 2024 Common Stock 16.6K $14.00 Direct F5
holding LQDT Stock Option Grant 21.6K Sep 5, 2024 Common Stock 21.6K $17.31 Direct F8
holding LQDT Stock Option Grant 21.6K Sep 5, 2024 Common Stock 21.6K $17.31 Direct F5
holding LQDT Restricted Stock Unit Grant 2.49K Sep 5, 2024 Common Stock 2.49K Direct F9, F11
holding LQDT Restricted Stock Unit Grant 4.98K Sep 5, 2024 Common Stock 4.98K Direct F11, F13
holding LQDT Restricted Stock Unit Grant 8.72K Sep 5, 2024 Common Stock 8.72K Direct F10, F11
holding LQDT Restricted Stock Unit Grant 15.5K Sep 5, 2024 Common Stock 15.5K Direct F11, F14
holding LQDT Restricted Stock Unit Grant 20.7K Sep 5, 2024 Common Stock 20.7K Direct F10, F11
holding LQDT Restricted Stock Unit Grant 26.8K Sep 5, 2024 Common Stock 26.8K Direct F11, F12
holding LQDT Restricted Stock Unit Grant 26.8K Sep 5, 2024 Common Stock 26.8K Direct F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person exercised 9,000 stock options; 5,752 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 3,248 shares were acquired by the reporting person.
F2 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.
F3 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
F4 12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
F5 These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F6 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.
F7 12/48th of this option grant vested on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months.
F8 12/48th will vest on January 1, 2025 and thereafter, an additional 1/48th will vest each month for thirty-six months.
F9 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.
F10 These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F11 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F12 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.
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 Twenty-five percent of this restricted stock unit grant vested on January 1, 2024 and thereafter, an additional 1/4th will vest on each of January 1, 2026, January 1, 2027 and January 1, 2028.