[Form 4] Liquidity Services, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Steven Weiskircher, Senior Vice President & Chief Technology Officer of Liquidity Services, Inc. (LQDT), reported multiple equity transactions and outstanding awards. On 08/25/2025 he received a net issuance of 1,591 shares from vesting restricted stock units (RSUs) (gross 2,796 RSUs; 1,205 shares withheld for taxes), and on 02/25/2025 he received a net issuance of 1,016 shares from vesting RSUs (gross 1,785 RSUs; 769 shares withheld). Following the 08/25/2025 transaction his reported beneficial ownership was 49,788 shares (direct). The filing also lists multiple outstanding stock option grants and time- and performance-based RSU grants exercisable through 2034, with exercise prices disclosed for certain option grants and vesting schedules tied to dates and performance milestones. The Form 4 was signed by power of attorney on 09/09/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider received vested RSUs and retains a mix of time- and performance-based equity awards, showing ongoing incentive alignment.
The filing documents net issuances from RSU vesting on 02/25/2025 and 08/25/2025 totaling 2,607 net shares issued to the reporting person after tax withholding. The report enumerates multiple option grants (exercise prices ranging from $9.46 to $22.20) and staggered RSU tranches with both time-based and performance-based vesting through 2029, and option expirations through 2034. For investors, this indicates the officer remains materially compensated with equity that vests over multi-year horizons, which can affect future dilution and insider alignment.
TL;DR: The disclosure is routine: scheduled vesting and tax-withholding sales are reported; no departures or unusual transactions disclosed.
The Form 4 reflects standard equity compensation mechanics: RSU vesting with share withholding for tax obligations and multiple option and RSU grants with clear vesting schedules and milestone conditions. The use of a power of attorney to sign is noted. The filing does not disclose any sales or transfers beyond withholding-related share retention; there are performance contingencies on some awards, which could affect ultimate share issuance.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit Grant | 2,796 | $0.00 | -- |
| Exercise | Restricted Stock Unit Grant | 1,785 | $0.00 | -- |
| Exercise | Common Stock | 1,591 | $0.00 | -- |
| holding | Restricted Stock Unit Grant | -- | -- | -- |
| holding | Restricted Stock Unit Grant | -- | -- | -- |
| holding | Restricted Stock Unit Grant | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| 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 | -- | -- | -- |
| Exercise | Common Stock | 1,016 | $0.00 | -- |
Footnotes (1)
- 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, 2025. 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. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock. These restricted stock units vest, if at all, based on the Issuer's achievement of certain financial milestones. 12/48th of these options 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. 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. Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2023, January 1, 2024, January 1, 2025 and January 1, 2026. 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. Represents the net issuance of 1,591 shares from the vesting of 2,796 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 1,205 shares. Represents the net issuance of 1,016 shares from the vesting of 1,785 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 769 shares.
