| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LQDT | Common Stock | Options Exercise | $0 | +2,621 | +4.9% | $0.000000 | 55,695 | 01 May 2023 | By The Daunt Family Trust | F1 |
| transaction | LQDT | Common Stock | Other | $34,623 | -2,621 | -4.7% | $13.21 | 53,074 | 01 May 2023 | By The Daunt Family Trust | F2 |
| 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 | -3,750 | -100% | $0.000000* | 0 | 01 May 2023 | Common Stock | 3,750 | Direct | F5, F8, F9 | |
| holding | LQDT | Stock Option Grant | 14,833 | 01 May 2023 | Common Stock | 14,833 | $6.11 | Direct | F3 | |||||
| holding | LQDT | Stock Option Grant | 10,400 | 01 May 2023 | Common Stock | 10,400 | $6.11 | Direct | F4 | |||||
| holding | LQDT | Restricted Stock Unit Grant | 4,075 | 01 May 2023 | Common Stock | 4,075 | Direct | F5, F6 | ||||||
| holding | LQDT | Stock Option Grant | 10,458 | 01 May 2023 | Common Stock | 10,458 | $6.58 | Direct | F3 | |||||
| holding | LQDT | Stock Option Grant | 11,667 | 01 May 2023 | Common Stock | 11,667 | $6.58 | Direct | F7 | |||||
| holding | LQDT | Stock Option Grant | 38,950 | 01 May 2023 | Common Stock | 38,950 | $6.69 | Direct | F3 | |||||
| holding | LQDT | Stock Option Grant | 21,109 | 01 May 2023 | Common Stock | 21,109 | $6.69 | Direct | F10 | |||||
| holding | LQDT | Stock Option Grant | 29,325 | 01 May 2023 | Common Stock | 29,325 | $9.46 | Direct | F11 | |||||
| holding | LQDT | Stock Option Grant | 61,200 | 01 May 2023 | Common Stock | 61,200 | $9.46 | Direct | F12 | |||||
| holding | LQDT | Restricted Stock Unit Grant | 5,525 | 01 May 2023 | Common Stock | 5,525 | Direct | F5, F13 | ||||||
| holding | LQDT | Stock Option Grant | 7,740 | 01 May 2023 | Common Stock | 7,740 | $22.20 | Direct | F12 | |||||
| holding | LQDT | Stock Option Grant | 7,740 | 01 May 2023 | Common Stock | 7,740 | $22.20 | Direct | F14 | |||||
| holding | LQDT | Restricted Stock Unit Grant | 6,540 | 01 May 2023 | Common Stock | 6,540 | Direct | F5, F15 | ||||||
| holding | LQDT | Restricted Stock Unit Grant | 8,720 | 01 May 2023 | Common Stock | 8,720 | Direct | F5, F16 | ||||||
| holding | LQDT | Restricted Stock Unit Grant | 20,710 | 01 May 2023 | Common Stock | 20,710 | Direct | F5, F17 | ||||||
| holding | LQDT | Restricted Stock Unit Grant | 20,710 | 01 May 2023 | Common Stock | 20,710 | Direct | F5, F18 | ||||||
| holding | LQDT | Stock Option Grant | 16,640 | 01 May 2023 | Common Stock | 16,640 | $14.00 | Direct | F19 | |||||
| holding | LQDT | Stock Option Grant | 16,640 | 01 May 2023 | Common Stock | 16,640 | $14.00 | Direct | F20 |
| Id | Content |
|---|---|
| F1 | Represents the net issuance of 2,621 shares from the vesting of 3,750 restricted stock units ("RSUs") from which the federal and state withholding due at the vesting of such RSUs was satisfied by the issuer withholding 1,129 shares. The reporting person relinquished the shares and the issuer cancelled the shares and returned them to treasury in exchange for remitting federal and state tax withholding obligations of the reporting person resulting from the vesting of RSUs. Shares withheld represent an exempt transaction pursuant to Section 16b-3(e). |
| F2 | Pursuant to its policies, the issuer permits its officers and directors to make RSU vesting elections during open windows when they are not in possession of material non-public information. In accordance with these requirements, the reporting person made an advanced election that when RSUs vest shares sufficient to cover applicable taxes will be withheld by the Issuer and the remaining shares will be sold. This transaction represents the sale of the 2,621 shares remaining after 1,129 shares were withheld to cover taxes. |
| 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 | Represents the vesting of restricted stock units. |
| F9 | 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. |
| F10 | 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months. |
| 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. |