Steven Weiskircher - Dec 7, 2021 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role: Chief Technology Officer
Signature: /s/ Mark A. Shaffer, by power of attorney
Stock symbol: LQDT
Transactions as of: Dec 7, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/9/2021, 06:20 PM
Previous filing: Sep 3, 2021
Next filing: Nov 1, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	LQDT	Common Stock						81.3K	Dec 7, 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
transaction	LQDT	Employee Stock Option	Award	$0	+12.4K		$0.00	12.4K	Dec 7, 2021	Common Stock	12.4K	$22.20	Direct	F1
transaction	LQDT	Employee Stock Option	Award	$0	+12.4K		$0.00	12.4K	Dec 7, 2021	Common Stock	12.4K	$22.20	Direct	F10
transaction	LQDT	Employee Stock Grant	Award	$0	+14K		$0.00	14K	Dec 7, 2021	Common Stock	14K		Direct	F3, F4
transaction	LQDT	Employee Stock Grant	Award	$0	+14K		$0.00	14K	Dec 7, 2021	Common Stock	14K		Direct	F3, F11
holding	LQDT	Employee Stock Option						48.3K	Dec 7, 2021	Common Stock	48.3K	$9.46	Direct	F1
holding	LQDT	Employee Stock Option						48.3K	Dec 7, 2021	Common Stock	48.3K	$9.46	Direct	F2
holding	LQDT	Employee Stock Grant						8.7K	Dec 7, 2021	Common Stock	8.7K		Direct	F3, F4
holding	LQDT	Employee Stock Grant						8.7K	Dec 7, 2021	Common Stock	8.7K		Direct	F3, F5
holding	LQDT	Employee Stock Option						32.8K	Dec 7, 2021	Common Stock	32.8K	$6.69	Direct	F6
holding	LQDT	Employee Stock Option						32.8K	Dec 7, 2021	Common Stock	32.8K	$6.69	Direct	F7
holding	LQDT	Employee Stock Grant						10.3K	Dec 7, 2021	Common Stock	10.3K		Direct	F3, F8
holding	LQDT	Employee Stock Grant						37.5K	Dec 7, 2021	Common Stock	37.5K		Direct	F3, F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F2	12/48th of this option grant will vest on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
F3	Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F4	These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F5	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.
F6	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.
F7	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.
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	Twenty-five percent of this restricted stock grant vested on September 1, 2020 and thereafter, an additional 1/4 vests on September 1 of each year for three years.
F10	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.
F11	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.