Steven Weiskircher - 05 Sep 2023 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
SVP & CTO
Signature
/s/ Mark A. Shaffer, by power of attorney
Issuer symbol
LQDT
Transactions as of
05 Sep 2023
Net transactions value
-$133,569
Form type
4
Filing time
07 Sep 2023, 17:22:04 UTC
Previous filing
01 Sep 2023
Next filing
07 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Sale $15,181 -868 -0.88% $17.49 98,135 05 Sep 2023 Direct
transaction LQDT Common Stock Sale $118,388 -6,964 -7.1% $17.00 91,171 07 Sep 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 17,089 05 Sep 2023 Common Stock 17,089 $9.46 Direct F1
holding LQDT Restricted Stock Unit Grant 4,350 05 Sep 2023 Common Stock 4,350 Direct F2, F3
holding LQDT Stock Option Grant 3,411 05 Sep 2023 Common Stock 3,411 $6.69 Direct F4
holding LQDT Restricted Stock Unit Grant 3,425 05 Sep 2023 Common Stock 3,425 Direct F2, F5
holding LQDT Stock Option Grant 12,380 05 Sep 2023 Common Stock 12,380 $22.20 Direct F6
holding LQDT Stock Option Grant 12,380 05 Sep 2023 Common Stock 12,380 $22.20 Direct F7
holding LQDT Restricted Stock Unit Grant 13,960 05 Sep 2023 Common Stock 13,960 Direct F2, F8
holding LQDT Restricted Stock Unit Grant 10,470 05 Sep 2023 Common Stock 10,470 Direct F2, F9
holding LQDT Restricted Stock Unit Grant 13,980 05 Sep 2023 Common Stock 13,980 Direct F2, F10
holding LQDT Restricted Stock Unit Grant 13,980 05 Sep 2023 Common Stock 13,980 Direct F2, F11
holding LQDT Stock Option Grant 11,230 05 Sep 2023 Common Stock 11,230 $14.00 Direct F6
holding LQDT Stock Option Grant 11,230 05 Sep 2023 Common Stock 11,230 $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.