Steven Weiskircher - Sep 1, 2022 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
Sep 1, 2022
Transactions value $
$0
Form type
4
Date filed
9/1/2022, 04:55 PM
Previous filing
Aug 18, 2022
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Options Exercise $0 +13.1K +19.58% $0.00 80K Sep 1, 2022 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 Employee Stock Grant Options Exercise $0 -18.8K -50% $0.00 18.8K Sep 1, 2022 Common Stock 18.8K Direct F3, F7
holding LQDT Employee Stock Option 33.9K Sep 1, 2022 Common Stock 33.9K $9.46 Direct F2
holding LQDT Employee Stock Grant 5.28K Sep 1, 2022 Common Stock 5.28K Direct F3, F4
holding LQDT Employee Stock Option 32.8K Sep 1, 2022 Common Stock 32.8K $6.69 Direct F5
holding LQDT Employee Stock Grant 8.1K Sep 1, 2022 Common Stock 8.1K Direct F3, F6
holding LQDT Employee Stock Option 12.4K Sep 1, 2022 Common Stock 12.4K $22.20 Direct F8
holding LQDT Employee Stock Option 12.4K Sep 1, 2022 Common Stock 12.4K $22.20 Direct F9
holding LQDT Employee Stock Grant 14K Sep 1, 2022 Common Stock 14K Direct F3, F10
holding LQDT Employee Stock Grant 14K Sep 1, 2022 Common Stock 14K Direct F3, F11
* 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 13,106 shares from the vesting of 18,750 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 5,644 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 12/48th of this option grant vested 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 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.
F5 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.
F6 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.
F7 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.
F8 This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F9 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.
F10 These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
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.