John Daunt - Dec 22, 2023 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
EVP & CCO
Signature
/s/ Mark A. Shaffer, by power of attorney
Stock symbol
LQDT
Transactions as of
Dec 22, 2023
Transactions value $
$0
Form type
4
Date filed
12/22/2023, 04:36 PM
Previous filing
Dec 7, 2023
Next filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LQDT Common Stock 53.1K Dec 22, 2023 By The Daunt Family 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 Stock Option Grant Award $0 +15.6K $0.00 15.6K Dec 22, 2023 Common Stock 15.6K $17.31 Direct F15
transaction LQDT Stock Option Grant Award $0 +15.6K $0.00 15.6K Dec 22, 2023 Common Stock 15.6K $17.31 Direct F18
holding LQDT Stock Option Grant 10.1K Dec 22, 2023 Common Stock 10.1K $6.11 Direct F1
holding LQDT Stock Option Grant 10.4K Dec 22, 2023 Common Stock 10.4K $6.11 Direct F2
holding LQDT Restricted Stock Unit Grant 4.08K Dec 22, 2023 Common Stock 4.08K Direct F3, F4
holding LQDT Stock Option Grant 7.08K Dec 22, 2023 Common Stock 7.08K $6.58 Direct F5
holding LQDT Stock Option Grant 39K Dec 22, 2023 Common Stock 39K $6.69 Direct F1
holding LQDT Stock Option Grant 15.8K Dec 22, 2023 Common Stock 15.8K $6.69 Direct F6
holding LQDT Stock Option Grant 29.3K Dec 22, 2023 Common Stock 29.3K $9.46 Direct F7
holding LQDT Restricted Stock Unit Grant 5.53K Dec 22, 2023 Common Stock 5.53K Direct F3, F8
holding LQDT Stock Option Grant 7.74K Dec 22, 2023 Common Stock 7.74K $22.20 Direct F9
holding LQDT Stock Option Grant 7.74K Dec 22, 2023 Common Stock 7.74K $22.20 Direct F10
holding LQDT Restricted Stock Unit Grant 6.54K Dec 22, 2023 Common Stock 6.54K Direct F3, F11
holding LQDT Restricted Stock Unit Grant 8.72K Dec 22, 2023 Common Stock 8.72K Direct F3, F12
holding LQDT Restricted Stock Unit Grant 20.7K Dec 22, 2023 Common Stock 20.7K Direct F3, F13
holding LQDT Restricted Stock Unit Grant 20.7K Dec 22, 2023 Common Stock 20.7K Direct F3, F14
holding LQDT Stock Option Grant 16.6K Dec 22, 2023 Common Stock 16.6K $14.00 Direct F15
holding LQDT Stock Option Grant 16.6K Dec 22, 2023 Common Stock 16.6K $14.00 Direct F16
holding LQDT Restricted Stock Unit Grant 19.3K Dec 22, 2023 Common Stock 19.3K Direct F3, F17
holding LQDT Restricted Stock Unit Grant 19.3K Dec 22, 2023 Common Stock 19.3K Direct F3, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These options become exercisable, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in the Issuer's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the stock.
F2 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three 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 May 1, 2020 and thereafter, 1/48th will vest each month for thirty-six months.
F6 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
F7 12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
F8 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.
F9 This option becomes excercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F10 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.
F11 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.
F12 These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
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 These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F16 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.
F17 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.
F18 12/48th of this option grant will vest on January 1, 2025 and thereafter, an additional 1/48th will vest each month for thirty-six months.