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Filing Details

Accession Number:: 0000950170-24-101540
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-08-28 19:21:15
Reporting Period:: 2024-08-26

Accepted Time:: 2024-08-28 19:21:15
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
1774667	John Daunt	C/O Liquidity Services, Inc. 6931 Arlington Road Suite 200 Bethesda MD 20814	Evp, Chief Commercial Officer	No	No	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	Explanation
Common Stock	Acquisiton	2024-08-26	5,292	$9.46	58,366	No	4	M	Indirect	By The Daunt Family Trust
Common Stock	Disposition	2024-08-26	5,292	$22.50	53,074	No	4	S	Indirect	By The Daunt Family Trust
Common Stock	Acquisiton	2024-08-26	9,997	$9.46	63,071	No	4	M	Indirect	By The Daunt Family Trust
Common Stock	Disposition	2024-08-26	4,217	$22.43	58,854	No	4	S	Indirect	By The Daunt Family Trust
Common Stock	Acquisiton	2024-08-27	19,323	$6.69	78,177	No	4	M	Indirect	By The Daunt Family Trust
Common Stock	Disposition	2024-08-27	19,323	$22.18	58,854	No	4	S	Indirect	By The Daunt Family Trust
Common Stock	Acquisiton	2024-08-27	1,750	$14.00	60,604	No	4	M	Indirect	By The Daunt Family Trust
Common Stock	Disposition	2024-08-27	1,750	$22.18	58,854	No	4	S	Indirect	By The Daunt Family Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Indirect	By The Daunt Family Trust
No	4	S	Indirect	By The Daunt Family Trust
No	4	M	Indirect	By The Daunt Family Trust
No	4	S	Indirect	By The Daunt Family Trust
No	4	M	Indirect	By The Daunt Family Trust
No	4	S	Indirect	By The Daunt Family Trust
No	4	M	Indirect	By The Daunt Family Trust
No	4	S	Indirect	By The Daunt Family Trust

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	2024-08-27	38,950	$0.00	38,950	$6.69
Common Stock	Stock Option Grant	Disposition	2024-08-26	22,950	$0.00	29,325	$9.46
Common Stock	Stock Option Grant	Disposition	2024-08-27	6,587	$0.00	16,640	$14.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2029-12-03	No	4	M	Direct
6,375	2030-12-01	No	4	M	Direct
10,053	2032-12-23	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	Stock Option Grant	$6.11	2028-12-04	10,066	10,066	Direct
Common Stock	Stock Option Grant	$6.11	2028-12-04	10,400	10,400	Direct
Common Stock	Stock Option Grant	$6.58	2019-04-29	7,083	7,083	Direct
Common Stock	Stock Option Grant	$6.69	2029-12-03	15,829	15,829	Direct
Common Stock	Restricted Stock Unit Grant	$0.00	2025-01-01	2,762	2,762	Direct
Common Stock	Stock Option Grant	$22.20	2031-12-07	7,740	7,740	Direct
Common Stock	Stock Option Grant	$22.20	2031-12-07	7,740	7,740	Direct
Common Stock	Restricted Stock Unit Grant	$0.00	2026-01-01	4,360	4,360	Direct
Common Stock	Restricted Stock Unit Grant	$0.00	2026-01-01	8,720	8,720	Direct
Common Stock	Restricted Stock Unit Grant	$0.00	2027-01-01	15,532	15,532	Direct
Common Stock	Restricted Stock Unit Grant	$0.00	2026-01-01	20,710	20,710	Direct
Common Stock	Stock Option Grant	$14.00	2032-12-23	16,640	16,640	Direct
Common Stock	Restricted Stock Unit Grant	$0.00	2028-01-01	19,325	19,325	Direct
Common Stock	Restrcited Stock Unit Grant	$0.00	2027-01-01	19,325	19,325	Direct
Common Stock	Stock Option Grant	$17.31	2033-12-22	15,620	15,620	Direct
Common Stock	Stock Option Grant	$17.31	2033-12-22	15,620	15,620	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2028-12-04	10,066	10,066	Direct
2028-12-04	10,400	10,400	Direct
2019-04-29	7,083	7,083	Direct
2029-12-03	15,829	15,829	Direct
2025-01-01	2,762	2,762	Direct
2031-12-07	7,740	7,740	Direct
2031-12-07	7,740	7,740	Direct
2026-01-01	4,360	4,360	Direct
2026-01-01	8,720	8,720	Direct
2027-01-01	15,532	15,532	Direct
2026-01-01	20,710	20,710	Direct
2032-12-23	16,640	16,640	Direct
2028-01-01	19,325	19,325	Direct
2027-01-01	19,325	19,325	Direct
2033-12-22	15,620	15,620	Direct
2033-12-22	15,620	15,620	Direct

Footnotes

The reporting person exercised 12,953 stock options; 7,661 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 5,292 shares were acquired by the reporting person.
Represents an exercise of stock options.
The reporting person surrendered 4,217 shares with a market value of $94,587.31 to the issuer to pay the cost and related taxes associated with the exercise of the stock options described above (i.e., 9,997 stock options at $9.46).
The reporting person exercised 38,950 stock options; 19,627 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 19,323 shares were acquired by the reporting person.
The reporting person exercised 6,587 stock options; 4,837 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 1,750 shares were acquired by the reporting person.
These options become exercisable, if at all, based on total shareholder return (TSR) milestones. TSR is calculated based on the change in the Issuer's stock price during the performance period, taking into account any dividends paid during that period, which are assumed to be reinvested in the 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.
15/48th of this option grant vested on January 1, 2020 and thereafter, an additional 1/48th vests each month for thirty-three months.
12/48th of this option grant vested on May 1, 2020 and thereafter, 1/48th will vest each month for thirty-six months.
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 vested on January 1, 2021 and thereafter, an additional 1/48th vests 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 will vest on January 1, 2023 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, 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 vest, if at all, based on the Issuer's achievement of certain stock price appreciation milestones.
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 will vest on January 1, 2024, and thereafter 25% will vest on each of January 1, 2025, January 1, 2026 and January 1, 2027.
These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
These options become exercisable, 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.
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.