William P. Angrick III - Nov 25, 2024 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
Chairman of the Board and CEO, Director, 10%+ Owner
Signature
/s/ Mark A. Shaffer, by power of attorney
Stock symbol
LQDT
Transactions as of
Nov 25, 2024
Transactions value $
$114,073
Form type
4
Date filed
11/27/2024, 04:02 PM
Previous filing
Nov 1, 2024
Next filing
Dec 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Options Exercise $114K +15.5K +0.3% $7.36 5.2M Nov 25, 2024 By the William P. Angrick III Revocable Trust
holding LQDT Common Stock 873K Nov 25, 2024 By the William P. Angrick III 2005 Irrevocable Trust F20
holding LQDT Common Stock 576K Nov 25, 2024 By the Stephanie S. Angrick 2005 Irrevocable Trust F1
holding LQDT Common Stock 115K Nov 25, 2024 By the Stephanie S. Angrick Revocable Trust F1

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 -15.5K -11.08% $0.00 124K Nov 25, 2024 Common Stock 140K $7.36 Direct F14
holding LQDT Restricted Stock Unit Grant 5.93K Nov 25, 2024 Common Stock 5.93K Direct F2, F3
holding LQDT Stock Option Grant 56.2K Nov 25, 2024 Common Stock 56.2K $7.29 Direct F15
holding LQDT Restricted Stock Unit Grant 31.4K Nov 25, 2024 Common Stock 31.4K Direct F2, F6
holding LQDT Restricted Stock Unit Grant 62.8K Nov 25, 2024 Common Stock 62.8K Direct F2, F7
holding LQDT Restricted Stock Unit Grant 68.3K Nov 25, 2024 Common Stock 68.3K Direct F2, F7
holding LQDT Restricted Stock Unit Grant 51.2K Nov 25, 2024 Common Stock 51.2K Direct F2, F8
holding LQDT Restricted Stock Unit Grant 61.6K Nov 25, 2024 Common Stock 61.6K Direct F2, F7
holding LQDT Stock Option Grant 38K Nov 25, 2024 Common Stock 38K $9.13 Direct F9
holding LQDT Stock Option Grant 27.4K Nov 25, 2024 Common Stock 27.4K $9.13 Direct F4
holding LQDT Stock Option Grant 68.9K Nov 25, 2024 Common Stock 68.9K $4.92 Direct F10
holding LQDT Stock Option Grant 48K Nov 25, 2024 Common Stock 48K $4.92 Direct F4
holding LQDT Restricted Stock Unit Grant 61.6K Nov 25, 2024 Common Stock 61.6K Direct F2, F11
holding LQDT Stock Option Grant 124K Nov 25, 2024 Common Stock 124K $6.72 Direct F4
holding LQDT Stock Option Grant 105K Nov 25, 2024 Common Stock 105K $6.72 Direct F12
holding LQDT Restricted Stock Unit Grant 63.1K Nov 25, 2024 Common Stock 63.1K Direct F2, F7
holding LQDT Restricted Stock Unit Grant 63.1K Nov 25, 2024 Common Stock 63.1K Direct F2, F19
holding LQDT Stock Option Grant 140K Nov 25, 2024 Common Stock 140K $7.36 Direct F4
holding LQDT Stock Option Grant 132K Nov 25, 2024 Common Stock 132K $10.41 Direct F16
holding LQDT Stock Option Grant 132K Nov 25, 2024 Common Stock 132K $10.41 Direct F4
holding LQDT Stock Option Grant 56.6K Nov 25, 2024 Common Stock 56.6K $24.42 Direct F4
holding LQDT Stock Option Grant 56.6K Nov 25, 2024 Common Stock 56.6K $24.42 Direct F5
holding LQDT Stock Option Grant 53.1K Nov 25, 2024 Common Stock 53.1K $15.40 Direct F4
holding LQDT Stock Option Grant 53.1K Nov 25, 2024 Common Stock 53.1K $15.40 Direct F17
holding LQDT Stock Option Grant 50.2K Nov 25, 2024 Common Stock 50.2K $19.04 Direct F4
holding LQDT Stock Option Grant 50.2K Nov 25, 2024 Common Stock 50.2K $19.04 Direct F18
holding LQDT Stock Option Grant 53.6K Nov 25, 2024 Common Stock 53.6K $23.78 Direct F13
holding LQDT Stock Option Grant 53.6K Nov 25, 2024 Common Stock 53.6K $23.78 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are held in a trust for the benefit of the reporting person's spouse, who is also trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.
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 These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F5 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.
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 These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F8 Twenty-five percent of this restricted stock unit grant vested on January 1, 2024, and thereafter 25% will vest on each of January 1, 2025, January 1, 2026 and January 1, 2027.
F9 These options became fully exercisable on October 1, 2020.
F10 These options became fully exercisable on October 1, 2021.
F11 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.
F12 These options became fully exercisable on October 1, 2022.
F13 12/48th of this option grant will vest on January 1, 2026, and, thereafter, an additional 1/48th will vest each month for thirty-six months.
F14 These options became fully exercisable on January 1, 2024.
F15 These options became fully exercisable on October 1, 2019.
F16 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
F17 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.
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.
F19 Twenty-five percent of this restricted stock unit grant will vest on January 1, 2026 and thereafter, an additional 1/4th will vest on each of January 1, 2027, January 1, 2028 and January 1, 2029.
F20 These shares are held in a trust for the benefit of the reporting person. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.