Novelette Murray - 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 $
-$65,869
Form type
4
Date filed
1/4/2024, 07:15 PM
Previous filing
Dec 22, 2023
Next filing
Aug 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Options Exercise $0 +283 +0.66% $0.00 43.5K Jan 2, 2024 Direct F1
transaction LQDT Common Stock Other -$4.84K -283 -0.65% $17.10 43.2K Jan 2, 2024 Direct F2
transaction LQDT Common Stock Options Exercise $0 +906 +2.1% $0.00 44.1K Jan 2, 2024 Direct F3
transaction LQDT Common Stock Other -$15.5K -906 -2.06% $17.10 43.2K Jan 2, 2024 Direct F4
transaction LQDT Common Stock Options Exercise $0 +1.07K +2.48% $0.00 44.2K Jan 2, 2024 Direct F5
transaction LQDT Common Stock Other -$18.3K -1.07K -2.42% $17.10 43.2K Jan 2, 2024 Direct F6
transaction LQDT Common Stock Options Exercise $0 +1.59K +3.69% $0.00 44.8K Jan 2, 2024 Direct F7
transaction LQDT Common Stock Other -$27.2K -1.59K -3.55% $17.10 43.2K Jan 2, 2024 Direct F8

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 -462 -100% $0.00* 0 Jan 2, 2024 Common Stock 462 Direct F9, F10, F11
transaction LQDT Restricted Stock Unit Grant Options Exercise $0 -1.48K -50% $0.00 1.48K Jan 2, 2024 Common Stock 2.95K Direct F9, F10, F12
transaction LQDT Restricted Stock Unit Grant Options Exercise $0 -1.75K -33.33% $0.00 3.49K Jan 2, 2024 Common Stock 5.24K Direct F9, F10, F14
transaction LQDT Restricted Stock Unit Grant Options Exercise $0 -2.59K -25% $0.00 7.77K Jan 2, 2024 Common Stock 10.4K Direct F9, F10, F15
holding LQDT Restricted Stock Unit Grant 10K Jan 2, 2024 Common Stock 10K Direct F9, F13
holding LQDT Restricted Stock Unit Grant 6.98K Jan 2, 2024 Common Stock 6.98K Direct F9, F16
holding LQDT Restricted Stock Unit Grant 10.4K Jan 2, 2024 Common Stock 10.4K Direct F9, F17
holding LQDT Restricted Stock Unit Grant 10.7K Jan 2, 2024 Common Stock 10.7K Direct F9, F18
holding LQDT Restricted Stock Unit Grant 10.7K Jan 2, 2024 Common Stock 10.7K Direct F9, F17
holding LQDT Stock Option Grant 1.05K Jan 2, 2024 Common Stock 1.05K $10.30 Direct F19
holding LQDT Stock Option Grant 16.9K Jan 2, 2024 Common Stock 16.9K $9.46 Direct F20
holding LQDT Stock Option Grant 6.19K Jan 2, 2024 Common Stock 6.19K $22.20 Direct F21
holding LQDT Stock Option Grant 8.32K Jan 2, 2024 Common Stock 8.32K $14.00 Direct F22
holding LQDT Stock Option Grant 1.85K Jan 2, 2024 Common Stock 1.85K $10.30 Direct F23
holding LQDT Stock Option Grant 1.34K Jan 2, 2024 Common Stock 1.34K $6.11 Direct F24
holding LQDT Stock Option Grant 2.54K Jan 2, 2024 Common Stock 2.54K $6.69 Direct F25
holding LQDT Stock Option Grant 28.3K Jan 2, 2024 Common Stock 28.3K $9.46 Direct F26
holding LQDT Stock Option Grant 6.19K Jan 2, 2024 Common Stock 6.19K $22.20 Direct F27
holding LQDT Stock Option Grant 8.32K Jan 2, 2024 Common Stock 8.32K $14.00 Direct F28
holding LQDT Stock Option Grant 8.66K Jan 2, 2024 Common Stock 8.66K $17.31 Direct F22
holding LQDT Stock Option Grant 8.66K Jan 2, 2024 Common Stock 8.66K $17.31 Direct F29
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the net issuance of 283 shares from the vesting of 462 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 179 shares. The reporting person relinquished the shares and the issuer cancelled the shares and returned them to treasury in exchange for remitting federal and state tax withholding obligations of the reporting person resulting from the vesting of restricted stock units.
F2 In accordance with the Issuer's policies, the reporting person elected the following release method with respect to the vesting of restricted stock units: shares are withheld to cover taxes and remaining shares are sold. The sale proceeds are used to cover fees and the balance is received by the reporting person in cash. This transaction reflects the sale of the 283 shares received by the reporting person in connection with the vesting of 462 restricted stock units.
F3 Represents the net issuance of 906 shares from the vesting of 1,475 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 569 shares.
F4 This transaction reflects the sale of 906 shares pursuant to the reporting person's release method election as described above.
F5 Represents the net issuance of 1,072 shares from the vesting of 1,745 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 673 shares.
F6 This transaction reflects the sale of 1,072 shares pursuant to the reporting person's release method election as described above.
F7 Represents the net issuance of 1,591 shares from the vesting of 2,589 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 998 shares.
F8 This transaction reflects the sale of 1,591 shares pursuant to the reporting person's release method election as described above.
F9 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F10 Represents the vesting of restricted stock units.
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 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.
F13 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.
F14 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.
F15 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.
F16 These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F17 These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F18 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.
F19 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.
F20 This option becomes excercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F21 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.
F22 These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F23 15/48th of this option grant vested on January 1, 2018 and thereafter, an additional 1/48th vests each month for thirty-three months.
F24 12/48th of this option grant vested on January 1, 2020 and thereafter an additional 1/48th vests each month for thirty-six months.
F25 12/48th of this option grant vested on January 1, 2021 and thereafter, 1/48th will vest each month for thirty-six months.
F26 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
F27 This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F28 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.
F29 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.