John Daunt - Jan 17, 2025 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
Jan 17, 2025
Transactions value $
-$83,745
Form type
4
Date filed
1/21/2025, 04:34 PM
Previous filing
Jan 6, 2025
Next filing
Feb 12, 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 +2.44K +5.63% $0.00 45.7K Jan 17, 2025 By The Daunt Family Trust F10
transaction LQDT Common Stock Other -$83.7K -2.44K -5.33% $34.35 43.3K Jan 17, 2025 By The Daunt Family Trust F11

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 -3.49K -40% $0.00 5.23K Jan 17, 2025 Common Stock 8.72K Direct F2, F3, F15
holding LQDT Restricted Stock Unit Grant 2.18K Jan 17, 2025 Common Stock 2.18K Direct F2, F12
holding LQDT Restricted Stock Unit Grant 10.4K Jan 17, 2025 Common Stock 10.4K Direct F2, F13
holding LQDT Restricted Stock Unit Grant 14.5K Jan 17, 2025 Common Stock 14.5K Direct F2, F14
holding LQDT Restricted Stock Unit Grant 22.1K Jan 17, 2025 Common Stock 22.1K Direct F2, F8
holding LQDT Restricted Stock Unit Grant 18.6K Jan 17, 2025 Common Stock 18.6K Direct F2, F3
holding LQDT Restrcited Stock Unit Grant 19.3K Jan 17, 2025 Common Stock 19.3K Direct F2, F3
holding LQDT Restricted Stock Unit Grant 22.1K Jan 17, 2025 Common Stock 22.1K Direct F2, F3
holding LQDT Stock Option Grant 1.28K Jan 17, 2025 Common Stock 1.28K $9.46 Direct F7
holding LQDT Stock Option Grant 2.1K Jan 17, 2025 Common Stock 2.1K $22.20 Direct F1
holding LQDT Stock Option Grant 8.67K Jan 17, 2025 Common Stock 8.67K $14.00 Direct F5
holding LQDT Stock Option Grant 15.6K Jan 17, 2025 Common Stock 15.6K $17.31 Direct F6
holding LQDT Stock Option Grant 18.7K Jan 17, 2025 Common Stock 18.7K $21.62 Direct F9
holding LQDT Stock Option Grant 10.1K Jan 17, 2025 Common Stock 10.1K $6.11 Direct F4
holding LQDT Stock Option Grant 7.74K Jan 17, 2025 Common Stock 7.74K $22.20 Direct F4
holding LQDT Stock Option Grant 16.6K Jan 17, 2025 Common Stock 16.6K $14.00 Direct F4
holding LQDT Stock Option Grant 15.6K Jan 17, 2025 Common Stock 15.6K $17.31 Direct F4
holding LQDT Stock Option Grant 18.7K Jan 17, 2025 Common Stock 18.7K $21.62 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
F3 These restricted stock units vest, if at all, based on the Issuer's achievement of certain financial milestones.
F4 These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
F5 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.
F6 12/48th of this option grant vested on January 1, 2025 and thereafter, an additional 1/48th will vest each month for thirty-six months.
F7 These options became fully exercisable on January 1, 2024.
F8 Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2026, January 1, 2027, January 1, 2028 and January 1, 2029.
F9 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.
F10 Represents the net issuance of 2,438 shares from the vesting of 3,488 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 1,050 shares.
F11 In accordance with the Issuer's policies, the reporting person has elected that each time RSUs vest, shares are withheld by the issuer to cover taxes and any 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 2,438 shares received by the reporting person pursuant to the election descirbed in the immediately preceding sentence.
F12 Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2023, January 1, 2024, January 1, 2025 and January 1, 2026.
F13 Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2024, January 1, 2025, January 1, 2026 and January 1, 2027.
F14 Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2025, January 1, 2026, January 1, 2027 and January 1, 2028.
F15 Represents the vesting of restricted stock units.