Steven Weiskircher - Jun 5, 2023 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
SVP & CTO
Signature
/s/ Mark A. Shaffer, by power of attorney
Stock symbol
LQDT
Transactions as of
Jun 5, 2023
Transactions value $
$26,115
Form type
4
Date filed
6/6/2023, 05:12 PM
Previous filing
Jan 4, 2023
Next filing
Sep 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Options Exercise $49.9K +5.27K +6.13% $9.46 91.3K Jun 5, 2023 Direct F1
transaction LQDT Common Stock Sale -$23.8K -1.51K -1.66% $15.71 89.7K Jun 5, 2023 Direct
transaction LQDT Common Stock Options Exercise $82.2K +12.3K +13.68% $6.69 102K Jun 5, 2023 Direct F2
transaction LQDT Common Stock Options Exercise $90.4K +9.56K +9.37% $9.46 112K Jun 5, 2023 Direct F2
transaction LQDT Common Stock Sale -$173K -10.8K -9.67% $15.99 101K Jun 5, 2023 Direct F3

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 -14.8K -43.71% $0.00 19.1K Jun 5, 2023 Common Stock 33.9K $9.46 Direct F2, F4
transaction LQDT Stock Option Grant Options Exercise $0 -12.3K -72% $0.00 4.78K Jun 5, 2023 Common Stock 17.1K $6.69 Direct F2, F7
holding LQDT Restricted Stock Unit Grant 4.35K Jun 5, 2023 Common Stock 4.35K Direct F5, F6
holding LQDT Restricted Stock Unit Grant 3.43K Jun 5, 2023 Common Stock 3.43K Direct F5, F8
holding LQDT Restricted Stock Unit Grant 18.8K Jun 5, 2023 Common Stock 18.8K Direct F5, F9
holding LQDT Stock Option Grant 12.4K Jun 5, 2023 Common Stock 12.4K $22.20 Direct F10
holding LQDT Stock Option Grant 12.4K Jun 5, 2023 Common Stock 12.4K $22.20 Direct F11
holding LQDT Restricted Stock Unit Grant 14K Jun 5, 2023 Common Stock 14K Direct F5, F12
holding LQDT Restricted Stock Unit Grant 10.5K Jun 5, 2023 Common Stock 10.5K Direct F5, F13
holding LQDT Restricted Stock Unit Grant 14K Jun 5, 2023 Common Stock 14K Direct F5, F14
holding LQDT Restricted Stock Unit Grant 14K Jun 5, 2023 Common Stock 14K Direct F5, F15
holding LQDT Stock Option Grant 11.2K Jun 5, 2023 Common Stock 11.2K $14.00 Direct F10
holding LQDT Stock Option Grant 11.2K Jun 5, 2023 Common Stock 11.2K $14.00 Direct F16
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person exercised 5,272 stock options; 3,760 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 1,512 shares were acquired by the reporting person.
F2 Represents the exercise of stock options.
F3 The reporting person surrendered 10,795 shares to the issuer to pay the cost of 12,281 shares at $6.69/share and 9,561 shares at $9.46/share.
F4 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six 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, 2022 and thereafter, an additional 1/4th will vest on each of January 1, 2023, January 1, 2024 and January 1, 2025.
F7 12/48th of this option grant vested on January 1, 2021 and, thereafter, 1/48th of the option grant vests each month for thirty-six months.
F8 Twenty-five percent of this restricted stock 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.
F9 Twenty-five percent of this restricted stock grant vested on September 1, 2020 and thereafter, an additional 1/4 vests on September 1 of each year for three years.
F10 These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F11 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.
F12 These restricted stock units vest, 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 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.
F14 These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F15 Twenty-five percent of this 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.
F16 12/48th of these options will vest on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months.