Liquidity Services (NASDAQ: LQDT) CEO trust reports 50K-share stock sale
Filing Impact
Filing Sentiment
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 50,000 shares ($1,600,294)
Net Sell
31 txns
Insider
Angrick William P III
Role
Chairman of the Board and CEO
Sold
50,000 shs ($1.60M)
| 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 — 17,080 shares (Direct);
Stock Option Grant — 38,000 shares (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. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock. These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones. These options became fully exercisable on January 1, 2026. These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones. These options became fully exercisable on October 1, 2020. These options became fully exercisable on October 1, 2021. These options became fully exercisable on October 1, 2022. 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. These options became fully exercisable on January 1, 2024. 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. 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. 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. 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. 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. 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. 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. 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. These options became fully exercisable on January 1, 2025.
FAQ
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.