Liquidity Services EVP trades shares and exercises options
Liquidity Services Inc. executive John Daunt reported option exercises and related trust share sales.
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Form Type
4
Rhea-AI Filing Summary
Liquidity Services Inc. executive John Daunt reported option exercises and related trust share sales. On the reported date, The Daunt Family Trust, associated with him, sold 2,600 and 7,539 shares of Liquidity Services common stock at about $39.29 and $39.22 per share.
On the same date, Daunt exercised stock options to acquire 6,370, 3,255 and 948 common shares at exercise prices of $21.62, $17.31 and $14.00 per share. After these transactions, the trust held 38,086 shares, and Daunt continued to hold various option and restricted stock unit awards that vest over time, some based on Liquidity Services achieving specified financial milestones.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
24 txns
Insider
Daunt John
Role
EVP, Chief Commercial Officer
Sold
10,139 shs ($398K)
Approx. gross sale proceeds
$398K
Approx. exercise cost
$207K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option Grant | 948 | $0.00 | $0.00 |
| Exercise | Stock Option Grant | 3,255 | $0.00 | $0.00 |
| Exercise | Stock Option Grant | 6,370 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,255 | $17.31 | $56K |
| Exercise | Common Stock | 948 | $14.00 | $13K |
| Exercise | Common Stock | 6,370 | $21.62 | $138K |
| Sale | Common Stock | 7,539 | $39.22 | $296K |
| Sale | Common Stock | 2,600 | $39.29 | $102K |
| 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 | -- | -- | -- |
Holdings After Transaction:
Stock Option Grant — 145,161 contracts for 104,774 underlying shares (Direct);
Common Stock — 38,086 shares (Indirect, By The Daunt Family Trust);
Restricted Stock Unit Grant — 97,829 contracts (Direct)
Footnotes (13)
- F1. 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.
- F2. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
- F3. These restricted stock units vest, if at all, based on the Issuer's achievement of certain financial milestones.
- F4. These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- F5. 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.
- F6. 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.
- F7. These options became fully exercisable on January 1, 2024.
- F8. 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.
- F9. 12/48th of this option grant vested on January 1, 2026, and, thereafter, an additional 1/48th will vest each month for thirty-six months.
- F10. 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.
- F11. 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.
- F12. 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.
- F13. 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.
Key Figures
Shares sold: 10,139 shares
Sale prices: $39.29 and $39.22 per share
Options exercised: 10,573 shares
+4 more
7 metrics
Shares sold
10,139 shares
Total common shares sold by The Daunt Family Trust
Sale prices
$39.29 and $39.22 per share
Prices for 2,600 and 7,539 shares of common stock
Options exercised
10,573 shares
Common shares from option exercises (6,370, 3,255, 948)
Exercise prices
$21.62, $17.31, $14.00 per share
Strike prices for exercised stock options
Trust holdings after
40,907 shares
Common shares held by The Daunt Family Trust after transactions
Remaining option grant
24,800 underlying shares at $23.52
One direct stock option grant outstanding, expires 2035-10-29
RSU grant example
25,750 underlying shares at $0.00
Restricted stock unit grant expiring 2030-01-01
Key Terms
Stock Option Grant, Restricted Stock Unit Grant, derivative exercise/conversion, open-market sale, +2 more
6 terms
Stock Option Grant financial
"security_title: "Stock Option Grant" with underlying common stock and exercise prices"
Restricted Stock Unit Grant financial
"security_title: "Restricted Stock Unit Grant" with exercise price 0.0000"
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" for code M transactions"
open-market sale financial
"transaction_action: "open-market sale" for common stock with code S"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Daunt Family Trust financial
"nature_of_ownership: "By The Daunt Family Trust" for indirect holdings"
financial milestones financial
"footnote: "based on the Issuer's achievement of certain financial milestones""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Liquidity Services (LQDT) report for John Daunt?
John Daunt reported both option exercises and related share sales. The Daunt Family Trust sold 2,600 and 7,539 common shares, while Daunt exercised options for 6,370, 3,255 and 948 shares, converting derivative awards into common stock.
What stock options did John Daunt exercise in the latest Liquidity Services (LQDT) Form 4?
John Daunt exercised stock options covering 6,370, 3,255 and 948 Liquidity Services shares. The respective exercise prices were $21.62, $17.31 and $14.00 per share, turning previously granted options into shares held indirectly through The Daunt Family Trust.
What ongoing equity awards does John Daunt hold at Liquidity Services (LQDT)?
John Daunt holds multiple stock option and restricted stock unit grants linked to Liquidity Services common stock. Footnotes indicate that some options and RSUs vest over time or become exercisable only if the company meets specified financial performance milestones.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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