Liquidity Services CEO trust sells 50K shares
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Liquidity Services Inc. Chairman and CEO William P. Angrick III reported that the William P. Angrick III Revocable Trust sold a total of 50,000 shares of Common Stock in open-market transactions, consisting of 44,115 shares at $32.00 per share on March 9, 2026 and 5,885 shares at $32.05 per share on March 6, 2026. After these sales, the trust continued to hold 5,216,333 shares indirectly. The filing also lists a range of outstanding restricted stock unit and stock option awards tied to Liquidity Services common stock, many of which vest or remain exercisable over future years.
Insider Trade Summary
Net Seller: 50,000 shares
Net Sell
2 txns
Insider
Angrick William P III
Role
Chairman of the Board and CEO
Sold
50,000 shs ($1.60M)
Share of Position Sold
0.95%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 44,115 | $32.00 | $1.41M |
| Sale | Common Stock | 5,885 | $32.05 | $189K |
| Holding | Restricted Stock Unit Grant | -- | -- | -- |
| Holding | Restricted Stock Unit Grant | -- | -- | -- |
| Holding | Restricted Stock Unit Grant | -- | -- | -- |
| Holding | Restricted Stock Unit Grant | -- | -- | -- |
| Holding | Restricted Stock Unit Grant | -- | -- | -- |
| Holding | Restricted Stock Unit Grant | -- | -- | -- |
| Holding | Restricted Stock Unit Grant | -- | -- | -- |
| Holding | Stock Option Grant | -- | -- | -- |
| Holding | Stock Option Grant | -- | -- | -- |
| Holding | Stock Option Grant | -- | -- | -- |
| Holding | Stock Option Grant | -- | -- | -- |
| Holding | Stock Option Grant | -- | -- | -- |
| Holding | Stock Option Grant | -- | -- | -- |
| Holding | Stock Option Grant | -- | -- | -- |
| Holding | Stock Option Grant | -- | -- | -- |
| Holding | Stock Option Grant | -- | -- | -- |
| Holding | Stock Option Grant | -- | -- | -- |
| Holding | Stock Option Grant | -- | -- | -- |
| Holding | Stock Option Grant | -- | -- | -- |
| Holding | Stock Option Grant | -- | -- | -- |
| Holding | Stock Option Grant | -- | -- | -- |
| Holding | Stock Option Grant | -- | -- | -- |
| Holding | Stock Option Grant | -- | -- | -- |
| Holding | Stock Option Grant | -- | -- | -- |
| Holding | Stock Option Grant | -- | -- | -- |
| Holding | Stock Option Grant | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,216,333 shares (Indirect, By the William P. Angrick III Revocable Trust);
Restricted Stock Unit Grant — 312,746 contracts (Direct);
Stock Option Grant — 1,450,708 contracts (Direct);
Common Stock — 873,379 shares (Indirect, By the William P. Angrick III 2005 Irrevocable Trust);
Common Stock — 575,513 shares (Indirect, By the Stephanie S. Angrick 2005 Irrevocable Trust);
Common Stock — 114,699 shares (Indirect, By the Stephanie S. Angrick Revocable Trust)
Holdings Before and After:
Common Stock, 5,266,333 to 5,216,333 shares (Indirect, By the William P. Angrick III Revocable Trust)
Other Insiders: 2 other insiders reported open-market sales of this stock in the 30 days up to this filing.
Footnotes (19)
- F1. 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.
- F2. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
- F3. These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- F4. These options became fully exercisable on January 1, 2026.
- F5. These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
- F6. These options became fully exercisable on October 1, 2020.
- F7. These options became fully exercisable on October 1, 2021.
- F8. These options became fully exercisable on October 1, 2022.
- F9. 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.
- F10. These options became fully exercisable on January 1, 2024.
- F11. 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.
- F12. 12/48th of this option grant vested on January 1, 2025 and thereafter, an additional 1/48th will vest each month for thirty-six months.
- F13. Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2026, January 1, 2027, January 1, 2028 and January 1, 2029.
- F14. 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.
- F15. Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2024, January 1, 2025, January 1, 2026 and January 1, 2027.
- F16. Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2025, January 1, 2026, January 1, 2027 and January 1, 2028.
- F17. 12/48th of this option grant will vest on January 1, 2027, and, thereafter, an additional 1/48th will vest each month for thirty-six months.
- F18. Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2027, January 1, 2028, January 1, 2029 and January 1, 2030.
- F19. These options became fully exercisable on January 1, 2025.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Liquidity Services (LQDT) disclose in this Form 4?
Liquidity Services disclosed that a trust associated with CEO William P. Angrick III sold 50,000 shares of Common Stock in open-market trades around $32 per share. These transactions were reported as indirect ownership changes through the William P. Angrick III Revocable Trust.
What derivative awards for Liquidity Services (LQDT) are shown for the CEO in this filing?
The filing lists multiple restricted stock unit and stock option grants tied to Liquidity Services Common Stock, with exercise prices such as $4.92, $6.72, $7.36, $10.41, $19.04 and $25.87, and expiration dates extending from 2027 through 2035.
Do the Liquidity Services (LQDT) Form 4 footnotes include any beneficial ownership disclaimers?
Yes. Footnotes explain that certain shares are held in trusts for the benefit of the reporting person or the reporting person’s spouse, and explicitly state that William P. Angrick III disclaims beneficial ownership of those securities for Section 16 and other purposes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
