Filing Details
- Accession Number:
- 0000950170-24-099878
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-08-22 16:35:52
- Reporting Period:
- 2024-08-20
- Accepted Time:
- 2024-08-22 16:35:52
- 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 | C/O Liquidity Services, Inc. 6931 Arlington Road Suite 200 Bethesda MD 20814 | Svp & Chief Technology Officer | No | No | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Disposition | 2024-08-20 | 500 | $22.00 | 97,377 | No | 4 | S | Direct | |
Common Stock | Acquisiton | 2024-08-20 | 3,411 | $6.69 | 100,788 | No | 4 | M | Direct | |
Common Stock | Acquisiton | 2024-08-20 | 8,042 | $9.46 | 108,830 | No | 4 | M | Direct | |
Common Stock | Disposition | 2024-08-20 | 4,424 | $22.36 | 104,406 | No | 4 | S | Direct | |
Common Stock | Acquisiton | 2024-08-21 | 1,329 | $9.46 | 105,735 | No | 4 | M | Direct | |
Common Stock | Disposition | 2024-08-21 | 1,329 | $22.00 | 104,406 | No | 4 | S | Direct | |
Common Stock | Acquisiton | 2024-08-21 | 906 | $9.46 | 105,312 | No | 4 | M | Direct | |
Common Stock | Disposition | 2024-08-21 | 906 | $21.80 | 104,406 | No | 4 | S | Direct | |
Common Stock | Disposition | 2024-08-21 | 3,384 | $22.00 | 101,022 | No | 4 | S | Direct | |
Common Stock | Disposition | 2024-08-22 | 880 | $21.80 | 100,142 | No | 4 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Direct | |
No | 4 | M | Direct | |
No | 4 | M | Direct | |
No | 4 | S | Direct | |
No | 4 | M | Direct | |
No | 4 | S | Direct | |
No | 4 | M | Direct | |
No | 4 | S | Direct | |
No | 4 | S | Direct | |
No | 4 | S | Direct |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Stock Option Grant | Disposition | 2024-08-20 | 3,411 | $0.00 | 3,411 | $6.69 |
Common Stock | Stock Option Grant | Disposition | 2024-08-20 | 16,508 | $0.00 | 17,089 | $9.46 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
0 | 2029-12-03 | No | 4 | M | Direct | |
581 | 2030-12-01 | No | 4 | M | Direct |
Reported Derivative Holdings
Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|---|---|---|---|
Common Stock | Restricted Stock Unit Grant | $0.00 | 2025-01-01 | 2,175 | 2,175 | 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 | 6,980 | 6,980 | Direct | |
Common Stock | Restricted Stock Unit Grant | $0.00 | 2026-01-01 | 13,980 | 13,980 | Direct | |
Common Stock | Resticted Stock Unit | $0.00 | 2027-01-01 | 10,485 | 10,485 | 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 | |
Common Stock | Resticted Stock Unit Grant | $0.00 | 2028-01-01 | 17,850 | 17,850 | Direct | |
Common Stock | Restricted Stock Unit Grant | $0.00 | 2027-01-01 | 17,850 | 17,850 | Direct | |
Common Stock | Stock Option Grant | $17.31 | 2033-12-22 | 14,430 | 14,430 | Direct | |
Common Stock | Stock Option Grant | $17.31 | 2033-12-22 | 14,430 | 14,430 | Direct |
Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|
2025-01-01 | 2,175 | 2,175 | 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 | 6,980 | 6,980 | Direct |
2026-01-01 | 13,980 | 13,980 | Direct |
2027-01-01 | 10,485 | 10,485 | Direct |
2032-12-23 | 11,230 | 11,230 | Direct |
2032-12-23 | 11,230 | 11,230 | Direct |
2028-01-01 | 17,850 | 17,850 | Direct |
2027-01-01 | 17,850 | 17,850 | Direct |
2033-12-22 | 14,430 | 14,430 | Direct |
2033-12-22 | 14,430 | 14,430 | Direct |
Footnotes
- Represents an exercise of stock options.
- The reporting person surrendered 4,424 shares with a market value of $98,920.64 to the issuer to pay the cost and related taxes associated with the exercise of the stock options described above (i.e., the 3,411 options at $6.69 and the 8,042 stock options at $9.46).
- The reporting person exercised 4,021 stock options; 2,692 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 1,329 shares were acquired by the reporting person.
- The reporting person exercised 4,445 stock options; 3,539 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 906 shares were acquired by the reporting person.
- 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 January1, 2023, January 1, 2024 and January 1, 2025.
- These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- 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.
- 8,042 options were exercised on August 20, 2024 and 8,466 options were exercised on August 21, 2024.
- 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
- 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 January1, 2024, January 1, 2025 and January 1, 2026.
- Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
- 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 andJanuary 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.
- 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 January1, 2026, January 1, 2027 and January 1, 2028
- 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.