Steven Weiskircher - Sep 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
Sep 5, 2023
Transactions value $
-$133,569
Form type
4
Date filed
9/7/2023, 05:22 PM
Previous filing
Sep 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 Sale -$15.2K -868 -0.88% $17.49 98.1K Sep 5, 2023 Direct
transaction LQDT Common Stock Sale -$118K -6.96K -7.1% $17.00 91.2K Sep 7, 2023 Direct

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 17.1K Sep 5, 2023 Common Stock 17.1K $9.46 Direct F1
holding LQDT Restricted Stock Unit Grant 4.35K Sep 5, 2023 Common Stock 4.35K Direct F2, F3
holding LQDT Stock Option Grant 3.41K Sep 5, 2023 Common Stock 3.41K $6.69 Direct F4
holding LQDT Restricted Stock Unit Grant 3.43K Sep 5, 2023 Common Stock 3.43K Direct F2, F5
holding LQDT Stock Option Grant 12.4K Sep 5, 2023 Common Stock 12.4K $22.20 Direct F6
holding LQDT Stock Option Grant 12.4K Sep 5, 2023 Common Stock 12.4K $22.20 Direct F7
holding LQDT Restricted Stock Unit Grant 14K Sep 5, 2023 Common Stock 14K Direct F2, F8
holding LQDT Restricted Stock Unit Grant 10.5K Sep 5, 2023 Common Stock 10.5K Direct F2, F9
holding LQDT Restricted Stock Unit Grant 14K Sep 5, 2023 Common Stock 14K Direct F2, F10
holding LQDT Restricted Stock Unit Grant 14K Sep 5, 2023 Common Stock 14K Direct F2, F11
holding LQDT Stock Option Grant 11.2K Sep 5, 2023 Common Stock 11.2K $14.00 Direct F6
holding LQDT Stock Option Grant 11.2K Sep 5, 2023 Common Stock 11.2K $14.00 Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
F2 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F3 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.
F4 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.
F5 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.
F6 These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F7 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.
F8 These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F9 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.
F10 These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F11 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.
F12 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.