Novelette Murray - Dec 5, 2023 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
Chief Human Resources Officer
Signature
/s/ Mark. A Shaffer, by power of attorney
Stock symbol
LQDT
Transactions as of
Dec 5, 2023
Transactions value $
$0
Form type
4
Date filed
12/7/2023, 07:03 PM
Previous filing
Jun 6, 2023
Next filing
Dec 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LQDT Common Stock 43.2K Dec 5, 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
transaction LQDT Restricted Stock Unit Grant Award $0 +10.7K $0.00 10.7K Dec 5, 2023 Common Stock 10.7K Direct F1, F9
transaction LQDT Restricted Stock Unit Grant Award $0 +10.7K $0.00 10.7K Dec 5, 2023 Common Stock 10.7K Direct F1, F8
holding LQDT Restricted Stock Unit Grant 462 Dec 5, 2023 Common Stock 462 Direct F1, F2
holding LQDT Restricted Stock Unit Grant 2.95K Dec 5, 2023 Common Stock 2.95K Direct F1, F3
holding LQDT Restricted Stock Unit Grant 10K Dec 5, 2023 Common Stock 10K Direct F1, F4
holding LQDT Restricted Stock Unit Grant 5.24K Dec 5, 2023 Common Stock 5.24K Direct F1, F5
holding LQDT Restricted Stock Unit Grant 10.4K Dec 5, 2023 Common Stock 10.4K Direct F1, F6
holding LQDT Restricted Stock Unit Grant 6.98K Dec 5, 2023 Common Stock 6.98K Direct F1, F7
holding LQDT Restricted Stock Unit Grant 10.4K Dec 5, 2023 Common Stock 10.4K Direct F1, F8
holding LQDT Stock Option Grant 1.05K Dec 5, 2023 Common Stock 1.05K $10.30 Direct F10
holding LQDT Stock Option Grant 16.9K Dec 5, 2023 Common Stock 16.9K $9.46 Direct F11
holding LQDT Stock Option Grant 6.19K Dec 5, 2023 Common Stock 6.19K $22.20 Direct F12
holding LQDT Stock Option Grant 8.32K Dec 5, 2023 Common Stock 8.32K $14.00 Direct F13
holding LQDT Stock Option Grant 1.85K Dec 5, 2023 Common Stock 1.85K $10.30 Direct F14
holding LQDT Stock Option Grant 1.34K Dec 5, 2023 Common Stock 1.34K $6.11 Direct F15
holding LQDT Stock Option Grant 2.54K Dec 5, 2023 Common Stock 2.54K $6.69 Direct F16
holding LQDT Stock Option Grant 28.3K Dec 5, 2023 Common Stock 28.3K $9.46 Direct F17
holding LQDT Stock Option Grant 6.19K Dec 5, 2023 Common Stock 6.19K $22.20 Direct F18
holding LQDT Stock Option Grant 8.32K Dec 5, 2023 Common Stock 8.32K $14.00 Direct F19
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F2 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.
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 Twenty-five percent of this restricted stock unit grant vested on October 1, 2021 and thereafter, an additional 1/4th will vest on each of October 1, 2022, October 1, 2023, and October 1, 2024.
F5 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.
F6 Twenty-five percent of this restricted stock unit grant will vest on January 1, 2024 and thereafter, an additional 1/4th will vest on each of January 1, 2025, January 1, 2026 and January 1, 2027.
F7 These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F8 These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F9 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.
F10 These options become exercisable, if at all, based on the completion of the Issuer's strategic transformation as well as the Issuer's achievement of certain financial milestones.
F11 This option becomes excercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F12 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.
F13 These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F14 15/48th of this option grant vested on January 1, 2018 and thereafter, an additional 1/48th vests each month for thirty-three months.
F15 12/48th of this option grant vested on January 1, 2020 and thereafter an additional 1/48th vests each month for thirty-six months.
F16 12/48th of this option grant vested on January 1, 2021 and thereafter, 1/48th will vest each month for thirty-six months.
F17 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
F18 This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F19 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.