William P. Angrick III - 17 Jan 2025 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
17 Jan 2025
Net transactions value
$0
Form type
4
Filing time
21 Jan 2025, 16:37:47 UTC
Previous filing
28 Feb 2025
Next filing
20 Feb 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 +25,120 +0.49% $0.000000 5,187,623 17 Jan 2025 By the William P. Angrick III 2005 Irrevocable Trust F16, F20
holding LQDT Common Stock 873,379 17 Jan 2025 By the William P. Angrick III 2005 Irrevocable Trust F16
holding LQDT Common Stock 575,513 17 Jan 2025 By the Stephanie S. Angrick 2005 Irrevocable Trust F1
holding LQDT Common Stock 114,699 17 Jan 2025 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 Restricted Stock Unit Grant Options Exercise $0 -25,120 -40% $0.000000 37,680 17 Jan 2025 Common Stock 62,800 Direct F2, F5, F20
holding LQDT Restricted Stock Unit Grant 15,700 17 Jan 2025 Common Stock 15,700 Direct F2, F17
holding LQDT Restricted Stock Unit Grant 34,160 17 Jan 2025 Common Stock 34,160 Direct F2, F18
holding LQDT Restricted Stock Unit Grant 46,226 17 Jan 2025 Common Stock 46,226 Direct F2, F19
holding LQDT Restricted Stock Unit Grant 63,050 17 Jan 2025 Common Stock 63,050 Direct F2, F15
holding LQDT Restricted Stock Unit Grant 61,488 17 Jan 2025 Common Stock 61,488 Direct F2, F5
holding LQDT Restricted Stock Unit Grant 61,635 17 Jan 2025 Common Stock 61,635 Direct F2, F5
holding LQDT Restricted Stock Unit Grant 63,050 17 Jan 2025 Common Stock 63,050 Direct F2, F5
holding LQDT Stock Option Grant 56,193 17 Jan 2025 Common Stock 56,193 $7.29 Direct F11
holding LQDT Stock Option Grant 38,000 17 Jan 2025 Common Stock 38,000 $9.13 Direct F6
holding LQDT Stock Option Grant 27,360 17 Jan 2025 Common Stock 27,360 $9.13 Direct F3
holding LQDT Stock Option Grant 68,938 17 Jan 2025 Common Stock 68,938 $4.92 Direct F7
holding LQDT Stock Option Grant 48,019 17 Jan 2025 Common Stock 48,019 $4.92 Direct F3
holding LQDT Stock Option Grant 124,200 17 Jan 2025 Common Stock 124,200 $6.72 Direct F3
holding LQDT Stock Option Grant 105,247 17 Jan 2025 Common Stock 105,247 $6.72 Direct F8
holding LQDT Stock Option Grant 139,900 17 Jan 2025 Common Stock 139,900 $7.36 Direct F3
holding LQDT Stock Option Grant 124,401 17 Jan 2025 Common Stock 124,401 $7.36 Direct F10
holding LQDT Stock Option Grant 131,950 17 Jan 2025 Common Stock 131,950 $10.41 Direct F12
holding LQDT Stock Option Grant 131,950 17 Jan 2025 Common Stock 131,950 $10.41 Direct F3
holding LQDT Stock Option Grant 56,615 17 Jan 2025 Common Stock 56,615 $24.42 Direct F3
holding LQDT Stock Option Grant 56,615 17 Jan 2025 Common Stock 56,615 $24.42 Direct F4
holding LQDT Stock Option Grant 53,125 17 Jan 2025 Common Stock 53,125 $15.40 Direct F3
holding LQDT Stock Option Grant 53,125 17 Jan 2025 Common Stock 53,125 $15.40 Direct F13
holding LQDT Stock Option Grant 50,170 17 Jan 2025 Common Stock 50,170 $19.04 Direct F3
holding LQDT Stock Option Grant 50,170 17 Jan 2025 Common Stock 50,170 $19.04 Direct F14
holding LQDT Stock Option Grant 53,550 17 Jan 2025 Common Stock 53,550 $23.78 Direct F9
holding LQDT Stock Option Grant 53,550 17 Jan 2025 Common Stock 53,550 $23.78 Direct F3
* 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 These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F4 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.
F5 These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F6 These options became fully exercisable on October 1, 2020.
F7 These options became fully exercisable on October 1, 2021.
F8 These options became fully exercisable on October 1, 2022.
F9 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.
F10 These options became fully exercisable on January 1, 2024.
F11 These options became fully exercisable on October 1, 2019.
F12 These options became fully exercisable on January 1, 2025.
F13 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.
F14 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.
F15 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.
F16 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.
F17 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.
F18 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.
F19 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.
F20 Represents the vesting of restricted stock units.