Filing Details

Accession Number:
0000950170-24-138031
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-12-18 18:05:02
Reporting Period:
2024-12-16
Accepted Time:
2024-12-18 18:05:02
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
1352618 Iii P William Angrick C/O Liquidity Services, Inc.
6931 Arlington Road, Suite 200
Bethesda MD 20814
Chairman Of The Board And Ceo 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 2024-12-16 100,000 $33.30 5,101,557 No 4 S Indirect By the William P. Angrick III Revocable Trust
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect By the William P. Angrick III Revocable Trust
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 873,379 Indirect By the William P. Angrick III 2005 Irrevocable Trust
Common Stock 575,513 Indirect By the Stephanie S. Angrick 2005 Irrevocable Trust
Common Stock 114,699 Indirect By the Stephanie S. Angrick Revocable Trust
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 5,925 5,925 Direct
Common Stock Stock Option Grant $7.29 2025-12-22 56,193 56,193 Direct
Common Stock Restricted Stock Unit Grant $0.00 2026-01-01 31,400 31,400 Direct
Common Stock Restricted Stock Unit Grant $0.00 2026-01-01 62,800 62,800 Direct
Common Stock Restricted Stock Unit Grant $0.00 2026-01-01 68,320 68,320 Direct
Common Stock Restricted Stock Unit Grant $0.00 2027-01-01 51,240 51,240 Direct
Common Stock Restricted Stock Unit Grant $0.00 2027-01-01 61,635 61,635 Direct
Common Stock Stock Option Grant $9.13 2027-03-03 38,000 38,000 Direct
Common Stock Stock Option Grant $9.13 2027-03-03 27,360 27,360 Direct
Common Stock Stock Option Grant $4.92 2027-12-11 68,938 68,938 Direct
Common Stock Stock Option Grant $4.92 2027-12-11 48,019 48,019 Direct
Common Stock Restricted Stock Unit Grant $0.00 2028-01-01 61,635 61,635 Direct
Common Stock Stock Option Grant $6.72 2028-12-04 124,200 124,200 Direct
Common Stock Stock Option Grant $6.72 2028-12-04 105,247 105,247 Direct
Common Stock Restricted Stock Unit Grant $0.00 2029-01-01 63,050 63,050 Direct
Common Stock Restricted Stock Unit Grant $0.00 2029-01-01 63,050 63,050 Direct
Common Stock Stock Option Grant $7.36 2029-12-03 139,900 139,900 Direct
Common Stock Stock Option Grant $7.36 2029-12-03 124,401 124,401 Direct
Common Stock Stock Option Grant $10.41 2030-12-01 131,950 131,950 Direct
Common Stock Stock Option Grant $10.41 2030-12-01 131,950 131,950 Direct
Common Stock Stock Option Grant $24.42 2031-12-07 56,615 56,615 Direct
Common Stock Stock Option Grant $24.42 2031-12-07 56,615 56,615 Direct
Common Stock Stock Option Grant $15.40 2032-12-23 53,125 53,125 Direct
Common Stock Stock Option Grant $15.40 2032-12-23 53,125 53,125 Direct
Common Stock Stock Option Grant $19.04 2033-12-22 50,170 50,170 Direct
Common Stock Stock Option Grant $19.04 2033-12-22 50,170 50,170 Direct
Common Stock Stock Option Grant $23.78 2034-10-30 53,550 53,550 Direct
Common Stock Stock Option Grant $23.78 2034-10-30 53,550 53,550 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2025-01-01 5,925 5,925 Direct
2025-12-22 56,193 56,193 Direct
2026-01-01 31,400 31,400 Direct
2026-01-01 62,800 62,800 Direct
2026-01-01 68,320 68,320 Direct
2027-01-01 51,240 51,240 Direct
2027-01-01 61,635 61,635 Direct
2027-03-03 38,000 38,000 Direct
2027-03-03 27,360 27,360 Direct
2027-12-11 68,938 68,938 Direct
2027-12-11 48,019 48,019 Direct
2028-01-01 61,635 61,635 Direct
2028-12-04 124,200 124,200 Direct
2028-12-04 105,247 105,247 Direct
2029-01-01 63,050 63,050 Direct
2029-01-01 63,050 63,050 Direct
2029-12-03 139,900 139,900 Direct
2029-12-03 124,401 124,401 Direct
2030-12-01 131,950 131,950 Direct
2030-12-01 131,950 131,950 Direct
2031-12-07 56,615 56,615 Direct
2031-12-07 56,615 56,615 Direct
2032-12-23 53,125 53,125 Direct
2032-12-23 53,125 53,125 Direct
2033-12-22 50,170 50,170 Direct
2033-12-22 50,170 50,170 Direct
2034-10-30 53,550 53,550 Direct
2034-10-30 53,550 53,550 Direct
Footnotes
  1. These shares are held in a trust for the benefit of the reporting person's spouse, who is also trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.
  2. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
  3. 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.
  4. These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
  5. 12/48th of this option grant vested on January 1, 2023 and thereafter, an additional 1/48th will vest each month for thirty-six months.
  6. 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.
  7. These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
  8. Twenty-five percent of this restricted stock unit grant vested on January 1, 2024, and thereafter 25% will vest on each of January 1, 2025, January 1, 2026 and January 1, 2027.
  9. These options became fully exercisable on October 1, 2020.
  10. These options became fully exercisable on October 1, 2021.
  11. 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. These options became fully exercisable on October 1, 2022.
  13. 12/48th of this option grant will vest on January 1, 2026, and, thereafter, an additional 1/48th will vest each month for thirty-six months.
  14. These options became fully exercisable on January 1, 2024.
  15. These options became fully exercisable on October 1, 2019.
  16. 12/48th of this option grant vested on January 1, 2022 and thereafter, 1/48th will vest each month for thirty-six months.
  17. 12/48th of this option grant vested on January 1, 2024 and thereafter, an additional 1/48th will vest each month for thirty-six months.
  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.
  19. Twenty-five percent of this restricted stock unit grant will vest on January 1, 2026 and thereafter, an additional 1/4th will vest on each of January 1, 2027, January 1, 2028 and January 1, 2029.
  20. These shares are held in a trust for the benefit of the reporting person. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.