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
  1. Represents an exercise of stock options.
  2. 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).
  3. 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.
  4. 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.
  5. 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.
  6. These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
  7. 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. 8,042 options were exercised on August 20, 2024 and 8,466 options were exercised on August 21, 2024.
  9. 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
  10. 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.
  11. These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
  12. 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.
  13. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
  14. These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
  15. 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.
  16. 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.
  17. 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
  18. 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.