Steven Weiskircher - Jan 2, 2024 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
SVP & CTO
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, 07:17 PM
Previous filing
Dec 22, 2023
Next filing
Aug 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Options Exercise $0 +1.83K +2% $0.00 93K Jan 2, 2024 Direct F1
transaction LQDT Common Stock Options Exercise $0 +1.16K +1.25% $0.00 94.2K Jan 2, 2024 Direct F2
transaction LQDT Common Stock Options Exercise $0 +1.86K +1.98% $0.00 96K Jan 2, 2024 Direct F3
transaction LQDT Common Stock Options Exercise $0 +1.86K +1.94% $0.00 97.9K Jan 2, 2024 Direct F4

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 -2.18K -50% $0.00 2.18K Jan 2, 2024 Common Stock 4.35K Direct F6, F7, F8
transaction LQDT Restricted Stock Unit Grant Options Exercise $0 -3.43K -100% $0.00* 0 Jan 2, 2024 Common Stock 3.43K Direct F6, F7, F10
transaction LQDT Restricted Stock Unit Grant Options Exercise $0 -3.49K -33.33% $0.00 6.98K Jan 2, 2024 Common Stock 10.5K Direct F6, F7, F14
transaction LQDT Restricted Stock Unit Grant Options Exercise $0 -3.5K -25% $0.00 10.5K Jan 2, 2024 Common Stock 14K Direct F6, F7, F16
holding LQDT Stock Option Grant 17.1K Jan 2, 2024 Common Stock 17.1K $9.46 Direct F5
holding LQDT Stock Option Grant 3.41K Jan 2, 2024 Common Stock 3.41K $6.69 Direct F9
holding LQDT Stock Option Grant 12.4K Jan 2, 2024 Common Stock 12.4K $22.20 Direct F11
holding LQDT Stock Option Grant 12.4K Jan 2, 2024 Common Stock 12.4K $22.20 Direct F12
holding LQDT Restricted Stock Unit Grant 14K Jan 2, 2024 Common Stock 14K Direct F6, F13
holding LQDT Restricted Stock Unit Grant 14K Jan 2, 2024 Common Stock 14K Direct F6, F15
holding LQDT Stock Option Grant 11.2K Jan 2, 2024 Common Stock 11.2K $14.00 Direct F11
holding LQDT Stock Option Grant 11.2K Jan 2, 2024 Common Stock 11.2K $14.00 Direct F17
holding LQDT Restricted Stock Unit Grant 17.9K Jan 2, 2024 Common Stock 17.9K Direct F6, F18
holding LQDT Restricted Stock Unit Grant 17.9K Jan 2, 2024 Common Stock 17.9K Direct F6, F15
holding LQDT Stock Option Grant 14.4K Jan 2, 2024 Common Stock 14.4K $17.31 Direct F11
holding LQDT Stock Option Grant 14.4K Jan 2, 2024 Common Stock 14.4K $17.31 Direct F19
* 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 1,825 shares from the vesting of 3,425 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 1,600 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. Shares withheld represent an exempt transaction pursuant to Section 16b-3(e). No shares were sold by the reporting person.
F2 Represents the net issuance of 1,159 shares from the vesting of 2,175 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 1,016 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. Shares withheld represent an exempt transaction pursuant to Section 16b-3(e). No shares were sold by the reporting person.
F3 Represents the net issuance of 1,860 shares from the vesting of 3,490 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 1,630 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. Shares withheld represent an exempt transaction pursuant to Section 16b-3(e). No shares were sold by the reporting person.
F4 Represents the net issuance of 1,862 shares from the vesting of 3,495 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 1,633 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. Shares withheld represent an exempt transaction pursuant to Section 16b-3(e). No shares were sold by the reporting person.
F5 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
F6 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F7 Represents the vesting of restricted stock units.
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 12/48th of this option grant vested on January 1, 2021 and, thereafter, 1/48th of the option grant vests each month for thirty-six months.
F10 Twenty-five percent of this restricted stock 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.
F11 These options become exercisable, if at all, based on the Issuer's achievement of certain financial 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 restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F14 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.
F15 These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
F16 Twenty-five percent of this 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.
F17 12/48th of these options will vest on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months.
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 12/48th of this option grant will vest on January 1, 2025 and thereafter, 1/48th of the option grant vests each month for thirty-six months.