William P. Angrick III - Jan 2, 2024 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Signature
/s/ Mark A. Shaffer, by power of attorney
Stock symbol
LQDT
Transactions as of
Jan 2, 2024
Transactions value $
$0
Form type
4
Date filed
1/4/2024, 07:11 PM
Previous filing
Dec 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Options Exercise $0 +13.7K +0.27% $0.00 5.15M Jan 2, 2024 By the William P. Angrick III Revocable Trust F1
transaction LQDT CommonStock Options Exercise $0 +5.93K +0.12% $0.00 5.15M Jan 2, 2024 By the William P. Angrick III Revocable Trust F1
transaction LQDT CommonStock Options Exercise $0 +15.7K +0.3% $0.00 5.17M Jan 2, 2024 By the William P. Angrick III Revocable Trust F1
transaction LQDT CommonStock Options Exercise $0 +17.1K +0.33% $0.00 5.19M Jan 2, 2024 By the William P. Angrick III Revocable Trust F1
holding LQDT Common Stock 873K Jan 2, 2024 By the William P. Angrick III 2005 Irrevocable Trust F2
holding LQDT Common Stock 576K Jan 2, 2024 By the Stephanie S. Angrick 2005 Irrevocable Trust F3
holding LQDT Common Stock 115K Jan 2, 2024 By the Stephanie S. Angrick Revocable Trust F3

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 Options Exercise $0 -13.7K -100% $0.00* 0 Jan 2, 2024 Common Stock 13.7K Direct F1, F10, F11
transaction LQDT Restricted Stock Unit Grant Options Exercise $0 -5.93K -50% $0.00 5.93K Jan 2, 2024 Common Stock 11.9K Direct F1, F10, F13
transaction LQDT Restricted Stock Unit Grant Options Exercise $0 -15.7K -33.33% $0.00 31.4K Jan 2, 2024 Common Stock 47.1K Direct F1, F10, F20
transaction LQDT Restricted Stock Unit Grant Options Exercise $0 -17.1K -25% $0.00 51.2K Jan 2, 2024 Common Stock 68.3K Direct F1, F10, F23
holding LQDT Stock Option Grant 38K Jan 2, 2024 Common Stock 38K $9.13 Direct F4
holding LQDT Stock Option Grant 27.4K Jan 2, 2024 Common Stock 27.4K $9.13 Direct F5
holding LQDT Stock Option Grant 68.9K Jan 2, 2024 Common Stock 68.9K $4.92 Direct F6
holding LQDT Stock Option Grant 48K Jan 2, 2024 Common Stock 48K $4.92 Direct F7
holding LQDT Stock Option Grant 48.1K Jan 2, 2024 Common Stock 48.1K $24.19 Direct F8
holding LQDT Stock Option Grant 105K Jan 2, 2024 Common Stock 105K $6.72 Direct F9
holding LQDT Stock Option Grant 124K Jan 2, 2024 Common Stock 124K $6.72 Direct F7
holding LQDT Stock Option Grant 140K Jan 2, 2024 Common Stock 140K $7.36 Direct F12
holding LQDT Stock Option Grant 140K Jan 2, 2024 Common Stock 140K $7.36 Direct F7
holding LQDT Stock Option Grant 132K Jan 2, 2024 Common Stock 132K $10.41 Direct F14
holding LQDT Stock Option Grant 132K Jan 2, 2024 Common Stock 132K $10.41 Direct F15
holding LQDT Stock Option Grant 56.2K Jan 2, 2024 Common Stock 56.2K $7.29 Direct F16
holding LQDT Stock Option Grant 56.6K Jan 2, 2024 Common Stock 56.6K $24.42 Direct F17
holding LQDT Stock Option Grant 56.6K Jan 2, 2024 Common Stock 56.6K $24.42 Direct F18
holding LQDT Restricted Stock Unit Grant 62.8K Jan 2, 2024 Common Stock 62.8K Direct F10, F19
holding LQDT Stock Option Grant 53.1K Jan 2, 2024 Common Stock 53.1K $15.40 Direct F5
holding LQDT Stock Option Grant 53.1K Jan 2, 2024 Common Stock 53.1K $15.40 Direct F21
holding LQDT Restricted Stock Unit Grant 68.3K Jan 2, 2024 Common Stock 68.3K Direct F10, F22
holding LQDT Restricted Stock Unit Grant 61.6K Jan 2, 2024 Common Stock 61.6K Direct F10, F24
holding LQDT Restricted Stock Unit Grant 61.6K Jan 2, 2024 Common Stock 61.6K Direct F10, F22
holding LQDT Stock Option Grant 50.2K Jan 2, 2024 Common Stock 50.2K $19.04 Direct F5
holding LQDT Stock Option Grant 50.2K Jan 2, 2024 Common Stock 50.2K $19.04 Direct F25
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting of restricted stock units.
F2 These shares are held in a trust for the benefit of the reporting person. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.
F3 These shares are held in a trust for the benefit of the reporting person's spouse, who is also trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.
F4 These options became fully exercisable on October 1, 2020.
F5 These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F6 15/48th of this option grant vested on January 1, 2019 and thereafter, an additional 1/48th vests each month for thirty three months.
F7 This option becomes exercisable, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in a 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.
F8 These options became fully exercisable on October 1, 2017.
F9 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th will vest each month for thirty-three months.
F10 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F11 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.
F12 12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
F13 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.
F14 These options become exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F15 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
F16 These options became fully exercisable on October 1, 2019.
F17 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.
F18 These options become exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F19 These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F20 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.
F21 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.
F22 These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F23 Twenty-five percent will vest on January 1, 2024, and thereafter 25% will vest on each of January 1, 2025, January 1, 2026 and January 1, 2027.
F24 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.
F25 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.