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Filing Details

Accession Number:: 0001209191-23-047933
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-09-01 16:03:35
Reporting Period:: 2023-08-30

Accepted Time:: 2023-09-01 16:03:35
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1235468	Liquidity Services Inc	LQDT	Services-Business Services, Nec (7389)	522209244

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1782925	Steven Weiskircher	6931 Arlington Road Suite 200 Bethesda MD 20814	Svp & Cto	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2023-08-30	675	$9.46	101,465	No	4	M	Direct
Common Stock	Disposition	2023-08-30	675	$18.21	100,790	No	4	S	Direct
Common Stock	Acquisiton	2023-08-30	1,365	$6.69	102,155	No	4	M	Direct
Common Stock	Disposition	2023-08-30	490	$18.66	101,665	No	4	S	Direct
Common Stock	Disposition	2023-08-30	13,330	$18.15	88,335	No	4	S	Direct
Common Stock	Acquisiton	2023-09-01	10,668	$0.00	99,003	No	4	M	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	M	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option Grant	Disposition	2023-08-30	2,010	$0.00	2,010	$9.46
Common Stock	Stock Option Grant	Disposition	2023-08-30	1,365	$0.00	1,365	$6.69
Common Stock	Restricted Stock Unit Grant	Disposition	2023-09-01	18,750	$0.00	18,750	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
17,089	2030-12-01	No	4	M	Direct
3,411	2029-12-03	No	4	M	Direct
0	2023-09-01	No	4	M	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Restricted Stock Unit Grant	$0.00	2025-01-01	4,350	4,350	Direct
Common Stock	Restricted Stock Unit Grant	$0.00	2024-01-01	3,425	3,425	Direct
Common Stock	Stock Option Grant	$22.20	2031-12-07	12,380	12,380	Direct
Common Stock	Stock Option Grant	$22.20	2031-12-07	12,380	12,380	Direct
Common Stock	Restricted Stock Unit Grant	$0.00	2026-01-01	13,960	13,960	Direct
Common Stock	Restricted Stock Unit Grant	$0.00	2026-01-01	10,470	10,470	Direct
Common Stock	Restricted Stock Unit Grant	$0.00	2026-01-01	13,980	13,980	Direct
Common Stock	Restricted Stock Unit Grant	$0.00	2027-01-01	13,980	13,980	Direct
Common Stock	Stock Option Grant	$14.00	2032-12-23	11,230	11,230	Direct
Common Stock	Stock Option Grant	$14.00	2032-12-23	11,230	11,230	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2025-01-01	4,350	4,350	Direct
2024-01-01	3,425	3,425	Direct
2031-12-07	12,380	12,380	Direct
2031-12-07	12,380	12,380	Direct
2026-01-01	13,960	13,960	Direct
2026-01-01	10,470	10,470	Direct
2026-01-01	13,980	13,980	Direct
2027-01-01	13,980	13,980	Direct
2032-12-23	11,230	11,230	Direct
2032-12-23	11,230	11,230	Direct

Footnotes

The reporting person exercised 2,010 stock options; 1,335 shares were withheld by the issuer to pay the cost of the options and taxes and theremaining 675 shares were acquired by the reporting person.
Represents the exercise of stock options.
The reporting person surrendered 490 shares with a market value of $9,143.30 to the issuer to pay the cost and related taxes associated with the exercise of the 1,365 options described above.
Represents the net issuance of 10,668 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 8,082 shares.
12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
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.
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.
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.
This restricted stock unit grant fully vested on September 1, 2023.
These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
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.
These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
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.
These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
Twenty-five percent of this grant will vest on January 1, 2024, and thereafter 25% will vest on each of January 1, 2025, January 1, 2026 and January 1, 2027.
12/48th of these options will vest on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months.