Mark A. Shaffer - 17 Jan 2025 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Signature
/s/ Mark A. Shaffer
Issuer symbol
LQDT
Transactions as of
17 Jan 2025
Net transactions value
$0
Form type
4
Filing time
21 Jan 2025, 16:31:06 UTC
Previous filing
06 Jan 2025
Next filing
12 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Options Exercise $0 +2,366 +5% $0.000000 49,833 17 Jan 2025 By The Mark A. Shaffer Revocable Trust F9

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 -3,488 -40% $0.000000 5,232 17 Jan 2025 Common Stock 8,720 Direct F3, F13, F14
holding LQDT Restricted Stock Unit Grant 2,180 17 Jan 2025 Common Stock 2,180 Direct F3, F10
holding LQDT Restricted Stock Unit Grant 6,475 17 Jan 2025 Common Stock 6,475 Direct F3, F11
holding LQDT Restricted Stock Unit Grant 10,972 17 Jan 2025 Common Stock 10,972 Direct F3, F12
holding LQDT Restricted Stock Unit Grant 12,650 17 Jan 2025 Common Stock 12,650 Direct F3, F7
holding LQDT Restricted Stock Unit Grant 11,655 17 Jan 2025 Common Stock 11,655 Direct F3, F14
holding LQDT Restricted Stock Unit Grant 14,630 17 Jan 2025 Common Stock 14,630 Direct F3, F14
holding LQDT Restricted Stock Unit Grant 12,650 17 Jan 2025 Common Stock 12,650 Direct F3, F14
holding LQDT Stock Option Grant 4,443 17 Jan 2025 Common Stock 4,443 $9.46 Direct F1
holding LQDT Stock Option Grant 7,740 17 Jan 2025 Common Stock 7,740 $22.20 Direct F2
holding LQDT Stock Option Grant 10,405 17 Jan 2025 Common Stock 10,405 $14.00 Direct F5
holding LQDT Stock Option Grant 11,825 17 Jan 2025 Common Stock 11,825 $17.31 Direct F6
holding LQDT Stock Option Grant 10,700 17 Jan 2025 Common Stock 10,700 $21.62 Direct F8
holding LQDT Stock Option Grant 7,740 17 Jan 2025 Common Stock 7,740 $22.20 Direct F4
holding LQDT Stock Option Grant 10,405 17 Jan 2025 Common Stock 10,405 $14.00 Direct F4
holding LQDT Stock Option Grant 11,825 17 Jan 2025 Common Stock 11,825 $17.31 Direct F4
holding LQDT Stock Option Grant 10,700 17 Jan 2025 Common Stock 10,700 $21.62 Direct F4
* 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, 1/48th will vest each month for thirty-six months.
F2 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.
F3 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
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, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months.
F6 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.
F7 Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2026, January 1, 2027, January 1, 2028 and January 1, 2029.
F8 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.
F9 Represents the net issuance of 2,366 shares from the vesting of 3,488 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 1,122 shares.
F10 Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2023, January 1, 2024, January 1, 2025 and January 1, 2026
F11 Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2024, January 1, 2025, January 1, 2026 and January 1, 2027.
F12 Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2025, January 1, 2026, January 1, 2027 and January 1, 2028.
F13 Represents the vesting of restricted stock units.
F14 These restricted stock units vest, if at all, based on the Issuer's achievement of certain financial milestones.