Filing Details
- Accession Number:
- 0000950170-24-101201
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-08-27 20:46:10
- Reporting Period:
- 2024-08-23
- Accepted Time:
- 2024-08-27 20:46:10
- 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 |
|---|---|---|---|---|---|---|---|
| 1825422 | Novelette Murray | 6931 Arlington Road Suite 200 Bethesda MD 20814 | Chief Human Resources 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 | Acquisiton | 2024-08-23 | 1,340 | $9.46 | 44,513 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2024-08-23 | 1,340 | $22.25 | 43,173 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2024-08-23 | 6,275 | $9.46 | 49,448 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2024-08-23 | 6,275 | $22.22 | 43,173 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2024-08-23 | 796 | $14.00 | 43,969 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2024-08-23 | 796 | $22.22 | 43,173 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | 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 | 2024-08-23 | 16,543 | $0.00 | 16,943 | $9.46 |
| Common Stock | Stock Option Grant | Disposition | 2024-08-23 | 3,539 | $0.00 | 28,296 | $9.46 |
| Common Stock | Stock Option Grant | Disposition | 2024-08-23 | 3,293 | $0.00 | 8,320 | $14.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 400 | 2030-12-01 | No | 4 | M | Direct | |
| 24,757 | 2030-12-01 | No | 4 | M | Direct | |
| 5,027 | 2032-12-23 | 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 | 1,475 | 1,475 | Direct | |
| Common Stock | Restricted Stock Unit Grant | $0.00 | 2024-10-01 | 10,000 | 10,000 | Direct | |
| Common Stock | Restricted Stock Unit Grant | $0.00 | 2026-01-01 | 3,490 | 3,490 | Direct | |
| Common Stock | Restricted Stock Unit Grant | $0.00 | 2027-01-01 | 7,766 | 7,766 | 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 | 10,355 | 10,355 | Direct | |
| Common Stock | Restricted Stock Unit Grant | $0.00 | 2028-01-01 | 10,710 | 10,710 | Direct | |
| Common Stock | Restricted Stock Unit Grant | $0.00 | 2027-01-01 | 10,710 | 10,710 | Direct | |
| Common Stock | Stock Option Grant | $10.30 | 2027-02-02 | 1,054 | 1,054 | Direct | |
| Common Stock | Stock Option Grant | $10.30 | 2027-02-02 | 1,850 | 1,850 | Direct | |
| Common Stock | Stock Option Grant | $6.11 | 2028-12-04 | 1,344 | 1,344 | Direct | |
| Common Stock | Stock Option Grant | $6.69 | 2029-12-03 | 2,538 | 2,538 | Direct | |
| Common Stock | Stock Option Grant | $22.20 | 2031-12-07 | 6,190 | 6,190 | Direct | |
| Common Stock | Stock Option Grant | $22.20 | 2031-12-07 | 6,190 | 6,190 | Direct | |
| Common Stock | Stock Option Grant | $14.00 | 2032-12-23 | 8,320 | 8,320 | Direct | |
| Common Stock | Stock Option Grant | $17.31 | 2033-12-22 | 8,660 | 8,660 | Direct | |
| Common Stock | Stock Option Grant | $17.31 | 2033-12-22 | 8,660 | 8,660 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2025-01-01 | 1,475 | 1,475 | Direct |
| 2024-10-01 | 10,000 | 10,000 | Direct |
| 2026-01-01 | 3,490 | 3,490 | Direct |
| 2027-01-01 | 7,766 | 7,766 | Direct |
| 2026-01-01 | 6,980 | 6,980 | Direct |
| 2026-01-01 | 10,355 | 10,355 | Direct |
| 2028-01-01 | 10,710 | 10,710 | Direct |
| 2027-01-01 | 10,710 | 10,710 | Direct |
| 2027-02-02 | 1,054 | 1,054 | Direct |
| 2027-02-02 | 1,850 | 1,850 | Direct |
| 2028-12-04 | 1,344 | 1,344 | Direct |
| 2029-12-03 | 2,538 | 2,538 | Direct |
| 2031-12-07 | 6,190 | 6,190 | Direct |
| 2031-12-07 | 6,190 | 6,190 | Direct |
| 2032-12-23 | 8,320 | 8,320 | Direct |
| 2033-12-22 | 8,660 | 8,660 | Direct |
| 2033-12-22 | 8,660 | 8,660 | Direct |
Footnotes
- Represents an exercise of stock options.
- 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.
- This option becomes exercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
- Twenty-five percent of this restricted stock unit grant vested on October 1, 2021 and thereafter, an additional 1/4th will vest on each of October 1, 2022, October 1, 2023, and October 1, 2024.
- 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.
- Twenty-five percent of this restricted stock unit grant will vest on January 1, 2024 and thereafter, an additional 1/4th will vest on each of January 1, 2025, January 1, 2026 and January 1, 2027.
- These restricted stock units vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
- These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
- 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.
- These options become exercisable, if at all, based on the completion of the Issuer's strategic transformation as well as the Issuer's achievement of certain financial milestones.
- 15/48th of this option grant vested on January 1, 2018 and thereafter, an additional 1/48th vests each month for thirty-three months.
- 12/48th of this option grant vested on January 1, 2020 and thereafter an additional 1/48th vests each month for thirty-six months.
- 12/48th of this option grant vested on January 1, 2021 and thereafter, 1/48th will vest each month for thirty-six months.
- This option becomes excercisable, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
- 12/48th of this option grant vested on January 1, 2022 and thereafter, an additional 1/48th will vest each month for thirty-six months.
- 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.
- 12/48th of this option grant will vest on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months.
- 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.
- The reporting person exercised 3,539 stock options; 2,199 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 1,340 shares were acquired by the reporting person.
- The reporting person exercised 16,543 stock options; 10,268 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 6,275 shares were acquired by the reporting person.
- The reporting person exercised 3,293 stock options; 2,497 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 796 shares were acquired by the reporting person.
Billionaire Hedge Funds
