John Daunt - Dec 20, 2024 Form 4 Insider Report for LIQUIDITY SERVICES INC (LQDT)

Role
EVP, Chief Commercial Officer
Signature
/s/ Mark A. Shaffer, by power of attorney
Stock symbol
LQDT
Transactions as of
Dec 20, 2024
Transactions value $
-$35,602
Form type
4
Date filed
12/23/2024, 04:53 PM
Previous filing
Dec 18, 2024
Next filing
Jan 6, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LQDT Common Stock Options Exercise $0 +1.14K +2.62% $0.00 44.4K Dec 20, 2024 By The Daunt Family Trust F14
transaction LQDT Common Stock Other -$35.6K -1.14K -2.56% $31.34 43.3K Dec 20, 2024 By The Daunt Family Trust F15

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 Unit Grant Options Exercise $0 -2.07K -10% $0.00 18.6K Dec 20, 2024 Common Stock 20.7K Direct F4, F6, F16
holding LQDT Restricted Stock Unit Grant 2.76K Dec 20, 2024 Common Stock 2.76K Direct F1, F4
holding LQDT Restricted Stock Unit Grant 4.36K Dec 20, 2024 Common Stock 4.36K Direct F3, F4
holding LQDT Restricted Stock Unit Grant 15.5K Dec 20, 2024 Common Stock 15.5K Direct F4, F5
holding LQDT Restricted Stock Unit Grant 19.3K Dec 20, 2024 Common Stock 19.3K Direct F4, F8
holding LQDT Restricted Stock Unit Grant 22.1K Dec 20, 2024 Common Stock 22.1K Direct F4, F12
holding LQDT Restricted Stock Unit Grant 8.72K Dec 20, 2024 Common Stock 8.72K Direct F4, F6
holding LQDT Restrcited Stock Unit Grant 19.3K Dec 20, 2024 Common Stock 19.3K Direct F4, F6
holding LQDT Restricted Stock Unit Grant 22.1K Dec 20, 2024 Common Stock 22.1K Direct F4, F6
holding LQDT Stock Option Grant 1.28K Dec 20, 2024 Common Stock 1.28K $9.46 Direct F11
holding LQDT Stock Option Grant 2.1K Dec 20, 2024 Common Stock 2.1K $22.20 Direct F2
holding LQDT Stock Option Grant 8.67K Dec 20, 2024 Common Stock 8.67K $14.00 Direct F9
holding LQDT Stock Option Grant 15.6K Dec 20, 2024 Common Stock 15.6K $17.31 Direct F10
holding LQDT Stock Option Grant 18.7K Dec 20, 2024 Common Stock 18.7K $21.62 Direct F13
holding LQDT Stock Option Grant 10.1K Dec 20, 2024 Common Stock 10.1K $6.11 Direct F7
holding LQDT Stock Option Grant 7.74K Dec 20, 2024 Common Stock 7.74K $22.20 Direct F7
holding LQDT Stock Option Grant 16.6K Dec 20, 2024 Common Stock 16.6K $14.00 Direct F7
holding LQDT Stock Option Grant 15.6K Dec 20, 2024 Common Stock 15.6K $17.31 Direct F7
holding LQDT Stock Option Grant 18.7K Dec 20, 2024 Common Stock 18.7K $21.62 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 12/48th of this option grant vested on January 1, 2023 and thereafter, an additional 1/48th will vest each month for thirty-six months.
F3 Twenty-five percent of this restricted stock unit grant vested 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.
F4 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F5 Twenty-five percent of this restricted stock unit grant vested on January 1, 2024, and thereafter 25% will vest on each of January 1, 2025, January 1, 2026 and January 1, 2027.
F6 These restricted stock units vest, if at all, based on the Issuer's achievement of certain financial milestones.
F7 These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F8 Twenty-five percent of this restricted stock unit grant will vest on January 1, 2025 and thereafter, an additional 1/4th will vest on each of January 1, 2026, January 1, 2027 and January 1, 2028.
F9 12/48th of this option grant vested on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months.
F10 12/48th of this option grant will vest on January 1, 2025 and thereafter, an additional 1/48th will vest each month for thirty-six months.
F11 12/48th of this option grant vested on January 1, 2021 and thereafter, an additional 1/48th vests each month for thirty-six months.
F12 Twenty-five percent of this restricted stock unit grant will vest on January 1, 2026 and thereafter, an additional 1/4th will vest on each of January 1, 2027, January 1, 2028 and January 1, 2029.
F13 12/48th of this option grant will vest on January 1, 2026, and, thereafter, an additional 1/48th will vest each month for thirty-six months.
F14 Represents the net issuance of 1,136 shares from the vesting of 2,071 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 935 shares.
F15 In accordance with the Issuer's policies, the reporting person elected the following release method with respect to the vesting of restricted stock units: shares are withheld to cover taxes and remaining shares are sold. The sale proceeds are used to cover fees and the balance is received by the reporting person in cash. This transaction reflects the sale of the 1,136 shares received by the reporting person in connection with the vesting of 2,071 restricted stock units.
F16 Represents the vesting of restricted stock units.