John Daunt - May 25, 2023 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
EVP & CCO
Signature
/s/ Mark A. Shaffer, by power of attorney
Stock symbol
LQDT
Transactions as of
May 25, 2023
Transactions value $
-$187,141
Form type
4
Date filed
5/26/2023, 04:43 PM
Previous filing
May 1, 2023
Next filing
Dec 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Options Exercise $12.6K +2.06K +3.89% $6.11 55.1K May 25, 2023 By The Daunt Family Trust F1
transaction LQDT Common Stock Sale -$31.2K -2.06K -3.74% $15.11 53.1K May 25, 2023 By The Daunt Family Trust
transaction LQDT Common Stock Options Exercise $28.3K +4.31K +8.11% $6.58 57.4K May 25, 2023 By The Daunt Family Trust F2
transaction LQDT Common Stock Sale -$65K -4.31K -7.5% $15.11 53.1K May 25, 2023 By The Daunt Family Trust
transaction LQDT Common Stock Options Exercise $14.4K +2.15K +4.05% $6.69 55.2K May 25, 2023 By The Daunt Family Trust F3
transaction LQDT Common Stock Sale -$32.4K -2.15K -3.89% $15.11 53.1K May 25, 2023 By The Daunt Family Trust
transaction LQDT Common Stock Options Exercise $164K +17.3K +32.61% $9.46 70.4K May 25, 2023 By The Daunt Family Trust F4
transaction LQDT Common Stock Sale -$262K -17.3K -24.59% $15.11 53.1K May 25, 2023 By The Daunt Family Trust
transaction LQDT Common Stock Options Exercise $12.5K +1.9K $6.58 55 May 26, 2023 By The Daunt Family Trust F5
transaction LQDT Common Stock Sale -$28.5K -1.9K -3.45% $15.02 53.1K May 26, 2023 By The Daunt Family Trust

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 -4.77K -32.14% $0.00 10.1K May 25, 2023 Common Stock 14.8K $6.11 Direct F6, F7
transaction LQDT Stock Option Grant Options Exercise $0 -10.5K -100% $0.00* 0 May 25, 2023 Common Stock 10.5K $6.58 Direct F6, F7
transaction LQDT Stock Option Grant Options Exercise $0 -4.58K -39.29% $0.00 7.08K May 26, 2023 Common Stock 11.7K $6.58 Direct F6, F11
transaction LQDT Stock Option Grant Options Exercise $0 -5.28K -25.01% $0.00 15.8K May 25, 2023 Common Stock 21.1K $6.69 Direct F6, F12
transaction LQDT Stock Option Grant Options Exercise $0 -61.2K -100% $0.00* 0 May 25, 2023 Common Stock 61.2K $9.46 Direct F6, F14
holding LQDT Stock Option Grant 10.4K May 25, 2023 Common Stock 10.4K $6.11 Direct F8
holding LQDT Restricted Stock Unit Grant 4.08K May 25, 2023 Common Stock 4.08K Direct F9, F10
holding LQDT Stock Option Grant 39K May 25, 2023 Common Stock 39K $6.69 Direct F7
holding LQDT Stock Option Grant 29.3K May 25, 2023 Common Stock 29.3K $9.46 Direct F13
holding LQDT Restricted Stock Unit Grant 5.53K May 25, 2023 Common Stock 5.53K Direct F9, F15
holding LQDT Stock Option Grant 7.74K May 25, 2023 Common Stock 7.74K $22.20 Direct F14
holding LQDT Stock Option Grant 7.74K May 25, 2023 Common Stock 7.74K $22.20 Direct F16
holding LQDT Restricted Stock Unit Grant 6.54K May 25, 2023 Common Stock 6.54K Direct F9, F17
holding LQDT Restricted Stock Unit Grant 8.72K May 25, 2023 Common Stock 8.72K Direct F9, F18
holding LQDT Restricted Stock Unit Grant 20.7K May 25, 2023 Common Stock 20.7K Direct F9, F19
holding LQDT Restricted Stock Unit Grant 20.7K May 25, 2023 Common Stock 20.7K Direct F9, F20
holding LQDT Stock Option Grant 16.6K May 25, 2023 Common Stock 16.6K $14.00 Direct F21
holding LQDT Stock Option Grant 16.6K May 25, 2023 Common Stock 16.6K $14.00 Direct F22
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person exercised 4,767 stock options; 2,705 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 2,062 shares were acquired by the reporting person.
F2 The reporting person exercised 10,458 stock options; 6,153 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 4,305 shares were acquired by the reporting person.
F3 The reporting person exercised 5,280 stock options; 3,133 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 2,147 shares were acquired by the reporting person.
F4 The reporting person exercised 61,200 stock options; 43,892 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 17,308 shares were acquired by the reporting person.
F5 The reporting person exercised 4,584 stock options; 2,689 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 1,895 shares were acquired by the reporting person.
F6 Represents the exercise of stock options.
F7 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.
F8 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
F9 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F10 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.
F11 12/48th of this option grant vested on May 1, 2020 and thereafter, 1/48th will vest each month for thirty-six months.
F12 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
F13 12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
F14 This option becomes excercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F15 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.
F16 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.
F17 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.
F18 These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F19 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.
F20 These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F21 These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F22 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.