Jorge Celaya - Sep 6, 2022 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
Chief Financial Officer
Signature
/s/ Mark A. Shaffer, by power of attorney
Stock symbol
LQDT
Transactions as of
Sep 6, 2022
Transactions value $
-$46,800
Form type
4
Date filed
9/8/2022, 05:05 PM
Previous filing
Aug 30, 2022
Next filing
Apr 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Sale -$46.8K -2.6K -5.66% $18.00 43.3K Sep 6, 2022 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 Grant 2.09K Sep 6, 2022 Common Stock 2.09K Direct F1, F2
holding LQDT Employee Stock Option 2.47K Sep 6, 2022 Common Stock 2.47K $8.30 Direct F3
holding LQDT Employee Stock Grant 1.48K Sep 6, 2022 Common Stock 1.48K Direct F1, F4
holding LQDT Employee Stock Option 3.8K Sep 6, 2022 Common Stock 3.8K $6.11 Direct F5
holding LQDT Employee Stock Option 29.4K Sep 6, 2022 Common Stock 29.4K $6.69 Direct F6
holding LQDT Employee Stock Grant 11.3K Sep 6, 2022 Common Stock 11.3K Direct F1, F7
holding LQDT Employee Stock Option 55.1K Sep 6, 2022 Common Stock 55.1K $9.46 Direct F8
holding LQDT Employee Stock Option 55.1K Sep 6, 2022 Common Stock 55.1K $9.46 Direct F9
holding LQDT Employee Stock Grant 7.46K Sep 6, 2022 Common Stock 7.46K Direct F1, F10
holding LQDT Employee Stock Option 7.74K Sep 6, 2022 Common Stock 7.74K $22.20 Direct F11
holding LQDT Employee Stock Option 7.74K Sep 6, 2022 Common Stock 7.74K $22.20 Direct F9
holding LQDT Employee Stock Grant 8.72K Sep 6, 2022 Common Stock 8.72K Direct F1, F12
holding LQDT Employee Stock Grant 8.72K Sep 6, 2022 Common Stock 8.72K Direct F1, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F2 These restricted stock units will vest, if at all, based on the issuer's achievement of certain financial milestones.
F3 These options become exercisable, if at all, based on the issuer's achievement of certain financial milestones.
F4 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.
F5 15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
F6 12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
F7 Twenty-five percent of this restricted stock unit 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.
F8 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
F9 This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
F10 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.
F11 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.
F12 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.
F13 These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.