6,176-share resale via option exercise — LQDT (NASDAQ: LQDT)

Rhea-AI Filing Summary

LQDT Form 144 notice lists a proposed resale of 6,176 shares via a stock option exercise to be sold through Morgan Stanley Smith Barney LLC on 05/22/2026. The filing also records two sales by Novelette Murray in the past three months: 1,260 and 1,826 shares on 05/14/2026 and 03/11/2026, respectively.

Insights

Securities Compliance Counsel

Routine Rule 144 resale notice tied to option exercise; no new proceeds recipient disclosed.

The filing lists a proposed sale of 6,176 shares associated with a stock option exercise and identifies Morgan Stanley Smith Barney LLC as the broker-dealer. The entry cites 05/22/2026 as the method and settlement date.

Past transactions by Novelette Murray (1,260 and 1,826 shares) are recorded as sales within the prior three months. Cash-flow treatment and ultimate purchasers are not identified in the excerpt; subsequent SEC filings or broker confirmations would show settlement details.

Key Figures

Proposed shares to be sold: 6,176 shares Selling broker-dealer: Morgan Stanley Smith Barney LLC Recent sale - May: 1,260 shares +1 more

4 metrics

Proposed shares to be sold 6,176 shares stock option exercise on <date>05/22/2026</date>

Selling broker-dealer Morgan Stanley Smith Barney LLC listed as broker for proposed sale on <date>05/22/2026</date>

Recent sale - May 1,260 shares sale by Novelette Murray on <date>05/14/2026</date> for $41,742.41

Recent sale - March 1,826 shares sale by Novelette Murray on <date>03/11/2026</date> for $57,519.00

Key Terms

Form 144, stock option exercise, broker-dealer

3 terms

Form 144 regulatory

"144: Securities To Be Sold"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

stock option exercise financial

"Common | 05/22/2026 | Stock Option Exercise"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

broker-dealer regulatory

"Morgan Stanley Smith Barney LLC Executive Financial Services"

A broker-dealer is a licensed firm or individual that both executes trades on behalf of clients (acting as a broker) and buys or sells securities for its own account (acting as a dealer). Investors care because broker-dealers provide the plumbing of markets — they place orders, hold or move cash and securities, offer research or advice, and their stability and fees directly affect trade execution, costs, and the safety of client funds; think of them as a combined travel agent and taxi for your investments.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	6176	210985.75	31181231	05/22/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	05/22/2026	Stock Option Exercise	Issuer			6176	05/22/2026	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
NOVELETTE MURRAY 6931 Arlington Road Suite 460 Bethesda MD 20814	Common	05/14/2026	1260	41742.41
NOVELETTE MURRAY 6931 Arlington Road Suite 460 Bethesda MD 20814	Common	03/11/2026	1826	57519.00

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does LQDT's Form 144 filing report?

It reports a proposed resale of 6,176 shares via a stock option exercise to be sold through Morgan Stanley Smith Barney LLC on 05/22/2026. The filing records method and broker information but does not disclose final purchasers.

Who is listed as the broker for the LQDT resale?

The filing names Morgan Stanley Smith Barney LLC at One New York Plaza, 8th Floor, New York, NY as the broker-dealer handling the proposed sale of 6,176 shares on 05/22/2026 under a stock option exercise.

Does the Form 144 show recent insider sales for LQDT?

Yes. The filing records two sales by Novelette Murray in the past three months: 1,260 shares on 05/14/2026 and 1,826 shares on 03/11/2026, with cash amounts listed in the excerpt.

Does the filing state who receives the sale proceeds?

No. The excerpt indicates the sale method is a stock option exercise and lists the broker, but it does not state whether proceeds go to the issuer or selling holder in the provided text.