Nicholas Rozdilsky - Aug 1, 2021 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role: Chief Marketing Officer
Signature: /s/ Mark A. Shaffer, by power of attorney
Stock symbol: LQDT
Transactions as of: Aug 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 8/4/2021, 07:27 AM
Previous filing: Jun 10, 2021
Next filing: Aug 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LQDT	Common Stock	Options Exercise	$0	+7.12K	+37.96%	$0.00	25.9K	Aug 1, 2021	Direct	F1

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 Grant	Options Exercise	$0	-12.5K	-50%	$0.00	12.5K	Aug 1, 2021	Common Stock	25K		Direct	F2, F3, F4
holding	LQDT	Employee Stock Option						7.29K	Aug 1, 2021	Common Stock	7.29K	$6.95	Direct	F5
holding	LQDT	Employee Stock Grant						2.1K	Aug 1, 2021	Common Stock	2.1K		Direct	F2, F6
holding	LQDT	Employee Stock Option						10.8K	Aug 1, 2021	Common Stock	10.8K	$6.11	Direct	F7
holding	LQDT	Employee Stock Grant						9.19K	Aug 1, 2021	Common Stock	9.19K		Direct	F2, F8
holding	LQDT	Employee Stock Option						22K	Aug 1, 2021	Common Stock	22K	$6.69	Direct	F9
holding	LQDT	Employee Stock Option						38.8K	Aug 1, 2021	Common Stock	38.8K	$9.46	Direct	F10
holding	LQDT	Employee Stock Option						38.8K	Aug 1, 2021	Common Stock	38.8K	$9.46	Direct	F11
holding	LQDT	Employee Stock Grant						7K	Aug 1, 2021	Common Stock	7K		Direct	F2, F12
holding	LQDT	Employee Stock Grant						7K	Aug 1, 2021	Common Stock	7K		Direct	F2, F13

* 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 7,118 shares from the vesting of 12,500 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 5,382 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	Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F3	Represents the vesting of restricted stock units.
F4	Twenty-five percent of this restricted stock grant vested on August 1, 2019 and thereafter, an additional 1/4th will vest on each of August 1, 2020, August 1, 2021, and August 1, 2022.
F5	Twenty-five percent of this option grant vested on August 1, 2019 and thereafter, an additional 1/48th will vest each month for thirty-six months.
F6	Twenty-five percent of this restricted stock unit grant vested on January 1, 2020 and thereafter, an additional 1/4th vests on each of January 1, 2021, January 1, 2022, and January 1, 2023.
F7	15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
F8	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.
F9	12/48th of this option grant vested on January 1, 2021 and, thereafter, an additional 1/48th vests each month for thirty-six months.
F10	This option grant becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F11	12/48th of this option grant will vest on January 1, 2022 and thereafter, an additional 1/48th will vest each month for thirty-six months.
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, 2022 and thereafter, an additional 1/4th will vest on each of January 1, 2023, January 1, 2024 and January 1, 2025.