6,098-share sale notice by Jorge Celaya — LQDT (Form 144)

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC Executive Financial Services filed a Form 144 notice for the proposed sale of 6,098 common shares via a stock option exercise on 05/28/2026 for cash. The filing lists recent dispositions by Jorge Celaya: 5,320 shares on 05/27/2026 ($191,847.55), 11,303 shares on 05/26/2026 ($398,359.54), 213 shares on 03/10/2026 ($7,037.52), and 7,914 shares on 03/09/2026 ($254,039.40).

Insights

Securities Compliance Analyst

Form 144 notifies the SEC of an affiliate's proposed sale of 6,098 shares on 05/28/2026.

The filing documents a stock option exercise tied to a planned cash sale of 6,098 common shares on 05/28/2026. It lists recent, completed dispositions by the same holder with exact share counts and proceeds.

These notices are administrative disclosures; cash‑flow treatment is explicit as cash and timing is stated. Subsequent filings or transaction confirmations will report actual execution details.

Key Figures

Proposed sale: 6,098 shares Prior sale: 5,320 shares Prior sale: 11,303 shares +2 more

5 metrics

Proposed sale 6,098 shares Stock option exercise on <date>05/28/2026</date>

Prior sale 5,320 shares Sold on <date>05/27/2026</date> for <money>$191,847.55</money>

Prior sale 11,303 shares Sold on <date>05/26/2026</date> for <money>$398,359.54</money>

Prior sale 213 shares Sold on <date>03/10/2026</date> for <money>$7,037.52</money>

Prior sale 7,914 shares Sold on <date>03/09/2026</date> for <money>$254,039.40</money>

Key Terms

Form 144, Stock Option Exercise, Issuer

3 terms

Form 144 regulatory

"filed a Form 144 notice for the proposed sale"

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

"05/28/2026 | Stock Option Exercise | Issuer"

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.

Issuer regulatory

"Stock Option Exercise | Issuer | | | 6098"

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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	6098	221945.27	31181231	05/28/2026	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	05/28/2026	Stock Option Exercise	Issuer			6098	05/28/2026	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
JORGE CELAYA 6931 Arlington Road Suite 460 Bethesda MD 20814	Common	05/27/2026	5320	191847.55
JORGE CELAYA 6931 Arlington Road Suite 460 Bethesda MD 20814	Common	05/26/2026	11303	398359.54
Jorge Celaya 6931 Arlington Road Suite 460 Bethesda MD 20814	Common	03/10/2026	213	7037.52
Jorge Celaya 6931 Arlington Road Suite 460 Bethesda MD 20814	Common	03/09/2026	7914	254039.40

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 the Form 144 filed for LQDT mean?

It notifies the SEC of a proposed sale of 6,098 common shares scheduled for 05/28/2026. The filing states the sale arises from a stock option exercise and that proceeds will be cash, with prior disposals listed for context.

Who is the selling party in the Form 144 for LQDT?

The filing lists Jorge Celaya as the holder associated with the recent dispositions and the listed proposed sale. The broker/dealer shown is Morgan Stanley Smith Barney LLC Executive Financial Services.

How many shares were proposed and what is the method of sale?

The proposed sale quantity is 6,098 shares and the method shown is a Stock Option Exercise with proceeds in cash, dated 05/28/2026 in the filing.

What prior sales by the same holder are disclosed in the filing?

The filing lists prior dispositions: 5,320 shares on 05/27/2026 ($191,847.55), 11,303 on 05/26/2026 ($398,359.54), 213 on 03/10/2026 ($7,037.52), and 7,914 on 03/09/2026 ($254,039.40).

Does the Form 144 confirm the sale was completed?

No; the Form 144 is a notice of a proposed sale and lists the scheduled method and date (05/28/2026). Confirmation of execution would appear in subsequent transaction reports or broker confirmations.