Nicholas Rozdilsky - 13 Aug 2021 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
Chief Marketing Officer
Signature
/s/ Mark A. Shaffer, by power of attorney
Issuer symbol
LQDT
Transactions as of
13 Aug 2021
Net transactions value
-$377,508
Form type
4
Filing time
17 Aug 2021, 17:46:08 UTC
Previous filing
04 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Sale $377,508 -16,071 -62% $23.49 9,797 13 Aug 2021 Direct

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
holding LQDT Employee Stock Option 1,042 13 Aug 2021 Common Stock 1,042 $6.95 Direct F1
holding LQDT Employee Stock Option 1,619 13 Aug 2021 Common Stock 1,619 $6.11 Direct F2
holding LQDT Employee Stock Option 4,366 13 Aug 2021 Common Stock 4,366 $6.69 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Nicholas Rozdilsky is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Effective August 13, 2021 (the "Departure Date"), Nicholas Rozdilsky (the "Reporting Person") ceased to be an officer of Liquidity Services, Inc. (the "Issuer"). Pursuant to the grant agreements entered into by the Issuer and the Reporting Person, the unvested portion of any grant of restricted stock units or stock options (the "Unvested Grants") held by the Reporting Person on the Departure Date was forfeited and canceled as of the Departure Date. Therefore, the Unvested Grants have been deleted from Table II of this Form 4. The amounts included in Column 7 and Column 9 of Table II of this Form 4 represent stock options held by the Reporting Person that were vested as of the Departure Date (the "Vested Options"). Pursuant to the terms of the Issuer's Third Amended and Restated Omnibus Long-Term Incentive Plan, the Reporting Person may exercise the Vested Options for the twelve-month period following the Departure Date.
F2 These options were vested as of the Departure Date and may be exercised by the reporting person for the twelve-month period following the Departure Date.