William P. Angrick III - 25 Nov 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
Issuer symbol
LQDT
Transactions as of
25 Nov 2024
Net transactions value
+$114,073
Form type
4
Filing time
27 Nov 2024, 16:02:16 UTC
Previous filing
01 Nov 2024
Next filing
18 Dec 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 Options Exercise $114,073 +15,499 +0.3% $7.36 5,201,557 25 Nov 2024 By the William P. Angrick III Revocable Trust
holding LQDT Common Stock 873,379 25 Nov 2024 By the William P. Angrick III 2005 Irrevocable Trust F20
holding LQDT Common Stock 575,513 25 Nov 2024 By the Stephanie S. Angrick 2005 Irrevocable Trust F1
holding LQDT Common Stock 114,699 25 Nov 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 -15,499 -11% $0.000000 124,401 25 Nov 2024 Common Stock 139,900 $7.36 Direct F14
holding LQDT Restricted Stock Unit Grant 5,925 25 Nov 2024 Common Stock 5,925 Direct F2, F3
holding LQDT Stock Option Grant 56,193 25 Nov 2024 Common Stock 56,193 $7.29 Direct F15
holding LQDT Restricted Stock Unit Grant 31,400 25 Nov 2024 Common Stock 31,400 Direct F2, F6
holding LQDT Restricted Stock Unit Grant 62,800 25 Nov 2024 Common Stock 62,800 Direct F2, F7
holding LQDT Restricted Stock Unit Grant 68,320 25 Nov 2024 Common Stock 68,320 Direct F2, F7
holding LQDT Restricted Stock Unit Grant 51,240 25 Nov 2024 Common Stock 51,240 Direct F2, F8
holding LQDT Restricted Stock Unit Grant 61,635 25 Nov 2024 Common Stock 61,635 Direct F2, F7
holding LQDT Stock Option Grant 38,000 25 Nov 2024 Common Stock 38,000 $9.13 Direct F9
holding LQDT Stock Option Grant 27,360 25 Nov 2024 Common Stock 27,360 $9.13 Direct F4
holding LQDT Stock Option Grant 68,938 25 Nov 2024 Common Stock 68,938 $4.92 Direct F10
holding LQDT Stock Option Grant 48,019 25 Nov 2024 Common Stock 48,019 $4.92 Direct F4
holding LQDT Restricted Stock Unit Grant 61,635 25 Nov 2024 Common Stock 61,635 Direct F2, F11
holding LQDT Stock Option Grant 124,200 25 Nov 2024 Common Stock 124,200 $6.72 Direct F4
holding LQDT Stock Option Grant 105,247 25 Nov 2024 Common Stock 105,247 $6.72 Direct F12
holding LQDT Restricted Stock Unit Grant 63,050 25 Nov 2024 Common Stock 63,050 Direct F2, F7
holding LQDT Restricted Stock Unit Grant 63,050 25 Nov 2024 Common Stock 63,050 Direct F2, F19
holding LQDT Stock Option Grant 139,900 25 Nov 2024 Common Stock 139,900 $7.36 Direct F4
holding LQDT Stock Option Grant 131,950 25 Nov 2024 Common Stock 131,950 $10.41 Direct F16
holding LQDT Stock Option Grant 131,950 25 Nov 2024 Common Stock 131,950 $10.41 Direct F4
holding LQDT Stock Option Grant 56,615 25 Nov 2024 Common Stock 56,615 $24.42 Direct F4
holding LQDT Stock Option Grant 56,615 25 Nov 2024 Common Stock 56,615 $24.42 Direct F5
holding LQDT Stock Option Grant 53,125 25 Nov 2024 Common Stock 53,125 $15.40 Direct F4
holding LQDT Stock Option Grant 53,125 25 Nov 2024 Common Stock 53,125 $15.40 Direct F17
holding LQDT Stock Option Grant 50,170 25 Nov 2024 Common Stock 50,170 $19.04 Direct F4
holding LQDT Stock Option Grant 50,170 25 Nov 2024 Common Stock 50,170 $19.04 Direct F18
holding LQDT Stock Option Grant 53,550 25 Nov 2024 Common Stock 53,550 $23.78 Direct F13
holding LQDT Stock Option Grant 53,550 25 Nov 2024 Common Stock 53,550 $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.