Mark A. Shaffer - 05 Dec 2023 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
CLO & Corp Sec
Signature
/s/ Mark A. Shaffer
Issuer symbol
LQDT
Transactions as of
05 Dec 2023
Net transactions value
$0
Form type
4
Filing time
07 Dec 2023, 18:57:33 UTC
Previous filing
04 Jan 2023
Next filing
22 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LQDT Common Stock 32,173 05 Dec 2023 By The Mark A. Shaffer Revocable 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 Restricted Stock Unit Grant Award $0 +14,630 $0.000000 14,630 05 Dec 2023 Common Stock 14,630 Direct F3, F14
transaction LQDT Restricted Stock Unit Grant Award $0 +14,630 $0.000000 14,630 05 Dec 2023 Common Stock 14,630 Direct F3, F15
holding LQDT Stock Option Grant 3,245 05 Dec 2023 Common Stock 3,245 $6.11 Direct F1
holding LQDT Stock Option Grant 10,342 05 Dec 2023 Common Stock 10,342 $6.69 Direct F2
holding LQDT Restricted Stock Unit Grant 3,062 05 Dec 2023 Common Stock 3,062 Direct F3, F4
holding LQDT Stock Option Grant 25,617 05 Dec 2023 Common Stock 25,617 $9.46 Direct F5
holding LQDT Restricted Stock Unit Grant 3,825 05 Dec 2023 Common Stock 3,825 Direct F3, F6
holding LQDT Stock Option Grant 7,740 05 Dec 2023 Common Stock 7,740 $22.20 Direct F7
holding LQDT Stock Option Grant 7,740 05 Dec 2023 Common Stock 7,740 $22.20 Direct F8
holding LQDT Restricted Stock Unit Grant 8,720 05 Dec 2023 Common Stock 8,720 Direct F3, F9
holding LQDT Restricted Stock Unit Grant 6,540 05 Dec 2023 Common Stock 6,540 Direct F3, F10
holding LQDT Stock Option Grant 10,405 05 Dec 2023 Common Stock 10,405 $14.00 Direct F11
holding LQDT Stock Option Grant 10,405 05 Dec 2023 Common Stock 10,405 $14.00 Direct F12
holding LQDT Restricted Stock Unit Grant 12,950 05 Dec 2023 Common Stock 12,950 Direct F3, F13
holding LQDT Restricted Stock Unit Grant 12,950 05 Dec 2023 Common Stock 12,950 Direct F3, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
F2 12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
F3 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F4 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.
F5 12/48th of this option grant vested on January 1, 2022 and thereafter, an additional 1/48th will vest each month for thirty-six months.
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 These options become exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F8 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.
F9 These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F10 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.
F11 These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F12 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.
F13 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.
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 restricted stock unit grant will vest on January 1, 2025 and thereafter, an additional 1/4th will vest on each of January 1, 2026, January 1, 2027 and January 1, 2028.