John Daunt - Mar 16, 2023 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
EVP & COO
Signature
/s/ Mark A. Shaffer, by power of attorney
Stock symbol
LQDT
Transactions as of
Mar 16, 2023
Transactions value $
-$8
Form type
4
Date filed
3/17/2023, 04:49 PM
Previous filing
Mar 23, 2023
Next filing
May 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Options Exercise $18.5K +1.96K +2.43% $9.46 82.3K Mar 16, 2023 By The Daunt Family Trust F1
transaction LQDT Common Stock Other -$18.5K -1.42K -1.72% $13.03 80.9K Mar 16, 2023 By The Daunt Family Trust F2

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 -1.96K -6.25% $0.00 29.3K Mar 16, 2023 Common Stock 1.96K $9.46 Direct F10, F11
holding LQDT Stock Option Grant 14.8K Mar 16, 2023 Common Stock 14.8K $6.11 Direct F3
holding LQDT Stock Option Grant 10.4K Mar 16, 2023 Common Stock 10.4K $6.11 Direct F4
holding LQDT Restricted Stock Unit Grant 4.08K Mar 16, 2023 Common Stock 4.08K Direct F5, F6
holding LQDT Stock Option Grant 10.5K Mar 16, 2023 Common Stock 10.5K $6.58 Direct F3
holding LQDT Stock Option Grant 11.7K Mar 16, 2023 Common Stock 11.7K $6.58 Direct F7
holding LQDT Restricted Stock Unit Grant 3.75K Mar 16, 2023 Common Stock 3.75K Direct F5, F8
holding LQDT Stock Option Grant 39K Mar 16, 2023 Common Stock 39K $6.69 Direct F3
holding LQDT Stock Option Grant 21.1K Mar 16, 2023 Common Stock 21.1K $6.69 Direct F9
holding LQDT Stock Option Grant 61.2K Mar 16, 2023 Common Stock 61.2K $9.46 Direct F12
holding LQDT Restricted Stock Unit Grant 5.53K Mar 16, 2023 Common Stock 5.53K Direct F5, F13
holding LQDT Stock Option Grant 7.74K Mar 16, 2023 Common Stock 7.74K $22.20 Direct F12
holding LQDT Stock Option Grant 7.74K Mar 16, 2023 Common Stock 7.74K $22.20 Direct F14
holding LQDT Restricted Stock Unit Grant 6.54K Mar 16, 2023 Common Stock 6.54K Direct F5, F15
holding LQDT Restricted Stock Unit Grant 8.72K Mar 16, 2023 Common Stock 8.72K Direct F5, F16
holding LQDT Restricted Stock Unit Grant 20.7K Mar 16, 2023 Common Stock 20.7K Direct F5, F17
holding LQDT Restricted Stock Unit Grant 20.7K Mar 16, 2023 Common Stock 20.7K Direct F5, F18
holding LQDT Stock Option Grant 16.6K Mar 16, 2023 Common Stock 16.6K $14.00 Direct F19
holding LQDT Stock Option Grant 16.6K Mar 16, 2023 Common Stock 16.6K $14.00 Direct F20
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the exercise of stock options.
F2 The reporting person surrendered 1,420 shares to the issuer to pay the cost of the options described in the prior footnote.
F3 These options become exercisable, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in the Issuer's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the stock.
F4 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
F5 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F6 Twenty-five percent of this restricted stock unit grant vested on January 1, 2021 and thereafter, an additional 1/4th vests on each of January 1, 2022, January 1, 2023 and January 1, 2024.
F7 12/48th of this option grant vested on May 1, 2020 and thereafter, 1/48th will vest each month for thirty-six months.
F8 Twenty-five percent of this restricted stock unit grant vested on May 1, 2020 and thereafter, an additional 1/4th vests on each of May 1, 2021, May 1, 2022 and May 1, 2023.
F9 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
F10 Represents the exercise of stock options.
F11 12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
F12 This option becomes excercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F13 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.
F14 12/48th of this option grant will vest on January 1, 2023 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, 2023 and thereafter, an additional 1/4th will vest on each of January 1, 2024, January 1, 2025 and January 1,2026.
F16 These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F17 Twenty-five percent of this restricted stock unit grant will vest on January 1, 2024, and thereafter 25% will vest on each of January 1, 2025, January 1, 2026 and January 1, 2027.
F18 These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F19 These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F20 12/48th of this option grant will vest on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months.