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

Reporting relationship: CLO & Corp Sec
Issuer ticker: LQDT
Reported as of: 05 Dec 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 07 Dec 2023, 18:57:33 UTC
Prior SEC filing: 04 Jan 2023
Next SEC filing: 22 Dec 2023
Source filing: View source filing
Reporting owner signature: /s/ Mark A. Shaffer

Key filing fact

Mark A. Shaffer filed Form 4 for LIQUIDITY SERVICES INC (LQDT) on 07 Dec 2023.

Key facts

This page summarizes Mark A. Shaffer's Form 4 filing for LIQUIDITY SERVICES INC (LQDT).
2 reported transactions and 15 derivative rows are listed below.
Accepted by SEC: 07 Dec 2023, 18:57.

Change

Previous filing in this sequence was filed on 04 Jan 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LQDT holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 32,173
Date: 05 Dec 2023
Ownership: By The Mark A. Shaffer Revocable Trust

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LQDT transaction Derivative

Restricted Stock Unit Grant

Award

Transaction value: $0
Shares: +14,630
Change %
Price: $0.000000
Shares after: 14,630
Date: 05 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 14,630
Exercise price
Footnotes: F3, F14

LQDT transaction Derivative

Restricted Stock Unit Grant

Award

Transaction value: $0
Shares: +14,630
Change %
Price: $0.000000
Shares after: 14,630
Date: 05 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 14,630
Exercise price
Footnotes: F3, F15

LQDT holding Derivative

Stock Option Grant

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,245
Date: 05 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,245
Exercise price: $6.11
Footnotes: F1

LQDT holding Derivative

Stock Option Grant

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 10,342
Date: 05 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 10,342
Exercise price: $6.69
Footnotes: F2

LQDT holding Derivative

Restricted Stock Unit Grant

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,062
Date: 05 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,062
Exercise price
Footnotes: F3, F4

LQDT holding Derivative

Stock Option Grant

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 25,617
Date: 05 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 25,617
Exercise price: $9.46
Footnotes: F5

LQDT holding Derivative

Restricted Stock Unit Grant

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,825
Date: 05 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,825
Exercise price
Footnotes: F3, F6

LQDT holding Derivative

Stock Option Grant

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 7,740
Date: 05 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 7,740
Exercise price: $22.20
Footnotes: F7

LQDT holding Derivative

Stock Option Grant

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 7,740
Date: 05 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 7,740
Exercise price: $22.20
Footnotes: F8

LQDT holding Derivative

Restricted Stock Unit Grant

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 8,720
Date: 05 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 8,720
Exercise price
Footnotes: F3, F9

LQDT holding Derivative

Restricted Stock Unit Grant

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 6,540
Date: 05 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 6,540
Exercise price
Footnotes: F3, F10

LQDT holding Derivative

Stock Option Grant

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 10,405
Date: 05 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 10,405
Exercise price: $14.00
Footnotes: F11

LQDT holding Derivative

Stock Option Grant

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 10,405
Date: 05 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 10,405
Exercise price: $14.00
Footnotes: F12

LQDT holding Derivative

Restricted Stock Unit Grant

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 12,950
Date: 05 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 12,950
Exercise price
Footnotes: F3, F13

LQDT holding Derivative

Restricted Stock Unit Grant

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 12,950
Date: 05 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 12,950
Exercise price
Footnotes: F3, F11

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 15 footnotes

Footnote 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.

Footnote 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.

Footnote F3

Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote F7

These options become exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.

Footnote 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.

Footnote F9

These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.

Footnote 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.

Footnote F11

These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.

Footnote 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.

Footnote 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.

Footnote F14

These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.

Footnote 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.