William P. Angrick III - 29 Aug 2023 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Signature
/s/ Mark A. Shaffer, by power of attorney
Issuer symbol
LQDT
Transactions as of
29 Aug 2023
Net transactions value
-$4,770,446
Form type
4
Filing time
31 Aug 2023, 16:27:12 UTC
Previous filing
04 Jan 2023
Next filing
06 Sep 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Sale $1,112,446 -61,157 -1.1% $18.19 5,390,482 29 Aug 2023 By the William P. Angrick III Revocable Trust F1
transaction LQDT Common Stock Sale $1,823,000 -100,000 -1.9% $18.23 5,290,482 30 Aug 2023 By the William P. Angrick III Revocable Trust F1
transaction LQDT CommonStock Sale $1,835,000 -100,000 -1.9% $18.35 5,190,482 31 Aug 2023 By the William P. Angrick III Revocable Trust
holding LQDT Common Stock 873,379 29 Aug 2023 By the William P. Angrick III 2005 Irrevocable Trust F1
holding LQDT Common Stock 575,513 29 Aug 2023 By the Stephanie S. Angrick 2005 Irrevocable Trust F2
holding LQDT Common Stock 114,699 29 Aug 2023 By the Stephanie S. Angrick Revocable 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
holding LQDT Stock Option Grant 38,000 29 Aug 2023 Common Stock 38,000 $9.13 Direct F3
holding LQDT Stock Option Grant 27,360 29 Aug 2023 Common Stock 27,360 $9.13 Direct F4
holding LQDT Stock Option Grant 68,938 29 Aug 2023 Common Stock 68,938 $4.92 Direct F5
holding LQDT Stock Option Grant 48,019 29 Aug 2023 Common Stock 48,019 $4.92 Direct F6
holding LQDT Stock Option Grant 48,122 29 Aug 2023 Common Stock 48,122 $24.19 Direct F7
holding LQDT Stock Option Grant 124,200 29 Aug 2023 Common Stock 124,200 $6.72 Direct F8
holding LQDT Stock Option Grant 124,200 29 Aug 2023 Common Stock 124,200 $6.72 Direct F6
holding LQDT Restricted Stock Unit Grant 13,675 29 Aug 2023 Common Stock 13,675 Direct F9, F10
holding LQDT Stock Option Grant 139,900 29 Aug 2023 Common Stock 139,900 $7.36 Direct F11
holding LQDT Stock Option Grant 139,900 29 Aug 2023 Common Stock 139,900 $7.36 Direct F6
holding LQDT Restricted Stock Unit Grant 11,850 29 Aug 2023 Common Stock 11,850 Direct F9, F12
holding LQDT Stock Option Grant 131,950 29 Aug 2023 Common Stock 131,950 $10.41 Direct F13
holding LQDT Stock Option Grant 131,950 29 Aug 2023 Common Stock 131,950 $10.41 Direct F14
holding LQDT Stock Option Grant 56,193 29 Aug 2023 Common Stock 56,193 $7.29 Direct F15
holding LQDT Stock Option Grant 56,615 29 Aug 2023 Common Stock 56,615 $24.42 Direct F16
holding LQDT Stock Option Grant 56,615 29 Aug 2023 Common Stock 56,615 $24.42 Direct F17
holding LQDT Restricted Stock Unit Grant 62,800 29 Aug 2023 Common Stock 62,800 Direct F9, F18
holding LQDT Restricted Stock Unit Grant 47,100 29 Aug 2023 Common Stock 47,100 Direct F9, F19
holding LQDT Stock Option Grant 53,125 29 Aug 2023 Common Stock 53,125 $15.40 Direct F4
holding LQDT Stock Option Grant 53,125 29 Aug 2023 Common Stock 53,125 $15.40 Direct F20
holding LQDT Restricted Stock Unit Grant 68,320 29 Aug 2023 Common Stock 68,320 Direct F9, F21
holding LQDT Restricted Stock Unit Grant 68,320 29 Aug 2023 Common Stock 68,320 Direct F9, F22
* 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. 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 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.
F3 These options became fully exercisable on October 1, 2020.
F4 These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F5 15/48th of this option grant vested on January 1, 2019 and thereafter, an additional 1/48th vests each month for thirty three months.
F6 This option becomes exercisable, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in a 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.
F7 These options became fully exercisable on October 1, 2017.
F8 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th will vest 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 January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
F12 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.
F13 These options become exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F14 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
F15 These options became fully exercisable on October 1, 2019.
F16 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.
F17 These options become exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
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 vested 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.
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.
F21 These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F22 Twenty-five percent will vest on January 1, 2024, and thereafter 25% will vest on each of January 1, 2025, January 1, 2026 and January 1, 2027.