Novelette Murray - 02 Jan 2025 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Signature
/s/ Mark A. Shaffer, by power of attorney
Issuer symbol
LQDT
Transactions as of
02 Jan 2025
Net transactions value
-$171,282
Form type
4
Filing time
06 Jan 2025, 17:00:27 UTC
Previous filing
23 Dec 2024
Next filing
21 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Options Exercise $0 +937 +1.5% $0.000000 65,056 02 Jan 2025 Direct F15
transaction LQDT Common Stock Other $29,759 -937 -1.4% $31.76 64,119 02 Jan 2025 Direct F16
transaction LQDT Common Stock Options Exercise $0 +1,109 +1.7% $0.000000 65,228 02 Jan 2025 Direct F17
transaction LQDT Common Stock Other $35,222 -1,109 -1.7% $31.76 64,119 02 Jan 2025 Direct F18
transaction LQDT Common Stock Options Exercise $0 +1,645 +2.6% $0.000000 65,764 02 Jan 2025 Direct F19
transaction LQDT Common Stock Other $52,245 -1,645 -2.5% $31.76 64,119 02 Jan 2025 Direct F20
transaction LQDT Common Stock Options Exercise $0 +1,702 +2.7% $0.000000 65,821 02 Jan 2025 Direct F21
transaction LQDT Common Stock Other $54,056 -1,702 -2.6% $31.76 64,119 02 Jan 2025 Direct F22

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 -1,475 -100% $0.000000 0 02 Jan 2025 Common Stock 1,475 Direct F2, F3, F23
transaction LQDT Restricted Stock Unit Grant Options Exercise $0 -1,745 -50% $0.000000 1,745 02 Jan 2025 Common Stock 3,490 Direct F2, F4, F23
transaction LQDT Restricted Stock Unit Grant Options Exercise $0 -2,589 -33% $0.000000 5,177 02 Jan 2025 Common Stock 7,766 Direct F2, F4, F23
transaction LQDT Restricted Stock Unit Grant Options Exercise $0 -2,678 -25% $0.000000 8,032 02 Jan 2025 Common Stock 10,710 Direct F2, F6, F23
holding LQDT Restricted Stock Unit Grant 6,980 02 Jan 2025 Common Stock 6,980 Direct F2, F5
holding LQDT Restricted Stock Unit Grant 10,710 02 Jan 2025 Common Stock 10,710 Direct F2, F5
holding LQDT Stock Option Grant 1,850 02 Jan 2025 Common Stock 1,850 $10.30 Direct F8
holding LQDT Stock Option Grant 7,693 02 Jan 2025 Common Stock 7,693 $9.46 Direct F1
holding LQDT Stock Option Grant 6,190 02 Jan 2025 Common Stock 6,190 $22.20 Direct F10
holding LQDT Stock Option Grant 5,027 02 Jan 2025 Common Stock 5,027 $14.00 Direct F11
holding LQDT Stock Option Grant 8,660 02 Jan 2025 Common Stock 8,660 $17.31 Direct F12
holding LQDT Stock Option Grant 1,054 02 Jan 2025 Common Stock 1,054 $10.30 Direct F7
holding LQDT Stock Option Grant 6,190 02 Jan 2025 Common Stock 6,190 $22.20 Direct F5
holding LQDT Stock Option Grant 8,320 02 Jan 2025 Common Stock 8,320 $14.00 Direct F9
holding LQDT Stock Option Grant 8,660 02 Jan 2025 Common Stock 8,660 $17.31 Direct F9
holding LQDT Restricted Stock Unit Grant 9,500 02 Jan 2025 Common Stock 9,500 Direct F2, F14
holding LQDT Restricted Stock Unit Grant 9,500 02 Jan 2025 Common Stock 9,500 Direct F2, F5
holding LQDT Stock Option Grant 8,000 02 Jan 2025 Common Stock 8,000 $21.62 Direct F13
holding LQDT Stock Option Grant 8,000 02 Jan 2025 Common Stock 8,000 $21.62 Direct F9
holding LQDT REstricted Stock Unit Grant 9,320 02 Jan 2025 Common Stock 9,320 Direct F2, F5
* 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, 2024 and thereafter, an additional 1/4th will vest on each of January 1, 2025, January 1, 2026 and January 1, 2027.
F5 These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F6 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.
F7 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.
F8 15/48th of this option grant vested on January 1, 2018 and thereafter, an additional 1/48th vests each month for thirty-three months.
F9 These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F10 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.
F11 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.
F12 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.
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 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.
F15 Represents the net issuance of 937 shares from the vesting of 1,475 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 538 shares.
F16 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 937 shares received by the reporting person in connection with the vesting of 1,475 restricted stock units.
F17 Represents the net issuance of 1,109 shares from the vesting of 1,745 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 636 shares.
F18 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 1,109 shares received by the reporting person in connection with the vesting of 1,745 restricted stock units.
F19 Represents the net issuance of 1,645 shares from the vesting of 2,589 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 944 shares.
F20 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 1,645 shares received by the reporting person in connection with the vesting of 2,589 restricted stock units.
F21 Represents the net issuance of 1,702 shares from the vesting of 2,678 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 976 shares.
F22 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 1,702 shares received by the reporting person in connection with the vesting of 2,678 restricted stock units.
F23 Represents the vesting of restricted stock units.