Novelette Murray - 20 Dec 2024 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
Chief Human Resources Officer
Signature
/s/ Mark A. Shaffer, by power of attorney
Issuer symbol
LQDT
Transactions as of
20 Dec 2024
Net transactions value
-$21,687
Form type
4
Filing time
23 Dec 2024, 16:52:21 UTC
Previous filing
01 Nov 2024
Next filing
06 Jan 2025
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 $0 +692 +1.1% $0.000000 64,811 20 Dec 2024 Direct F16
transaction LQDT Common Stock Other $21,687 -692 -1.1% $31.34 64,119 20 Dec 2024 Direct F17

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 Restricted Stock Unit Grant Options Exercise $0 -1,035 -10% $0.000000 9,320 20 Dec 2024 Common Stock 10,355 Direct F2, F6, F18
holding LQDT Restricted Stock Unit Grant 1,475 20 Dec 2024 Common Stock 1,475 Direct F2, F3
holding LQDT Restricted Stock Unit Grant 3,490 20 Dec 2024 Common Stock 3,490 Direct F2, F4
holding LQDT Restricted Stock Unit Grant 7,766 20 Dec 2024 Common Stock 7,766 Direct F2, F5
holding LQDT Restricted Stock Unit Grant 10,710 20 Dec 2024 Common Stock 10,710 Direct F2, F7
holding LQDT Restricted Stock Unit Grant 6,980 20 Dec 2024 Common Stock 6,980 Direct F2, F6
holding LQDT Restricted Stock Unit Grant 10,710 20 Dec 2024 Common Stock 10,710 Direct F2, F6
holding LQDT Stock Option Grant 1,850 20 Dec 2024 Common Stock 1,850 $10.30 Direct F9
holding LQDT Stock Option Grant 7,693 20 Dec 2024 Common Stock 7,693 $9.46 Direct F1
holding LQDT Stock Option Grant 6,190 20 Dec 2024 Common Stock 6,190 $22.20 Direct F11
holding LQDT Stock Option Grant 5,027 20 Dec 2024 Common Stock 5,027 $14.00 Direct F12
holding LQDT Stock Option Grant 8,660 20 Dec 2024 Common Stock 8,660 $17.31 Direct F13
holding LQDT Stock Option Grant 1,054 20 Dec 2024 Common Stock 1,054 $10.30 Direct F8
holding LQDT Stock Option Grant 6,190 20 Dec 2024 Common Stock 6,190 $22.20 Direct F6
holding LQDT Stock Option Grant 8,320 20 Dec 2024 Common Stock 8,320 $14.00 Direct F10
holding LQDT Stock Option Grant 8,660 20 Dec 2024 Common Stock 8,660 $17.31 Direct F10
holding LQDT Restricted Stock Unit Grant 9,500 20 Dec 2024 Common Stock 9,500 Direct F2, F15
holding LQDT Restricted Stock Unit Grant 9,500 20 Dec 2024 Common Stock 9,500 Direct F2, F6
holding LQDT Stock Option Grant 8,000 20 Dec 2024 Common Stock 8,000 $21.62 Direct F14
holding LQDT Stock Option Grant 8,000 20 Dec 2024 Common Stock 8,000 $21.62 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
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 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.
F5 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, 2025, January 1, 2026 and January 1, 2027.
F6 These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F7 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.
F8 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.
F9 15/48th of this option grant vested on January 1, 2018 and thereafter, an additional 1/48th vests each month for thirty-three months.
F10 These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F11 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.
F12 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.
F13 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.
F14 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.
F15 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.
F16 Represents the net issuance of 692 shares from the vesting of 1,035 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 343 shares.
F17 In accordance with the Issuer's policies, the reporting person elected the following release method with respect to the vesting of restricted stock units: shares are withheld to cover taxes and remaining shares are sold. The sale proceeds are used to cover fees and the balance is received by the reporting person in cash. This transaction reflects the sale of the 692 shares received by the reporting person in connection with the vesting of 1,035 restricted stock units.
F18 Represents the vesting of restricted stock units.