LQDT CFO exercises options, sells 2,409 shares
Liquidity Services Inc. EVP & CFO Jorge Celaya reported a combination of option exercises and share sales dated June 10, 2026.
Rhea-AI Filing Summary
Liquidity Services Inc. EVP & CFO Jorge Celaya reported a combination of option exercises and share sales dated June 10, 2026. A revocable trust associated with him exercised stock options to acquire 1,945 and 464 common shares at an exercise price of $14.00 per share. Those 1,945 and 464 shares were then sold in open-market transactions at $38.00 per share, with the sales attributed to the Jorge Celaya Revocable Trust. In addition, the filing lists multiple existing stock option and restricted stock unit grants that vest over time or upon achievement of financial milestones. Following these transactions, the Jorge Celaya Revocable Trust held 66,895 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
22 txns
Insider
Celaya Jorge
Role
EVP & Chief Financial Officer
Sold
2,409 shs ($92K)
Approx. gross sale proceeds
$92K
Approx. exercise cost
$104K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option Grant | 1,427 | $0.00 | $0.00 |
| Exercise | Stock Option Grant | 5,980 | $0.00 | $0.00 |
| Exercise | Common Stock | 464 | $14.00 | $6K |
| Sale | Common Stock | 464 | $38.00 | $18K |
| Exercise | Common Stock | 1,945 | $14.00 | $27K |
| Sale | Common Stock | 1,945 | $38.00 | $74K |
| 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 — 181,332 contracts for 158,712 underlying shares (Direct);
Common Stock — 66,895 shares (Indirect, By the Jorge Celaya Revocable Trust);
Restricted Stock Unit Grant — 115,244 contracts (Direct)
Footnotes (15)
- F1. These options became fully exercisable on January 1, 2025.
- F2. These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- F3. 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.
- F4. 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.
- F5. These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
- F6. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
- F7. 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.
- F8. 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.
- F9. 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.
- F10. 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.
- F11. 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.
- 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. The reporting person exercised 1,427 stock options; 963 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 464 shares were acquired by the reporting person.
- F14. These options became fully exercisable on January 1, 2026.
- F15. The reporting person exercised 5,980 stock options; 4,035 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 1,945 shares were acquired by the reporting person.
Key Figures
Shares sold 1: 1,945 shares
Shares sold 2: 464 shares
Option exercise price: $14.00 per share
+5 more
8 metrics
Shares sold 1
1,945 shares
Common stock sold at $38.00 per share by revocable trust
Shares sold 2
464 shares
Additional common stock sold at $38.00 per share by revocable trust
Option exercise price
$14.00 per share
Exercise price for options converted into 1,945 and 464 common shares
Indirect holdings after
66,895 shares
Common stock held by the Jorge Celaya Revocable Trust after transactions
Total options exercised
7,407 options
Aggregate stock options exercised according to transaction summary
Low strike option
$9.46 exercise price
One remaining stock option grant expiring on 2030-12-01
High strike option
$23.52 exercise price
Stock option grants expiring on 2035-10-29
RSU grant
32,850 units
Restricted stock unit grant expiring on 2030-01-01, each unit equals one share
Key Terms
Restricted Stock Unit, revocable trust, derivative security, vesting, +2 more
6 terms
Restricted Stock Unit financial
"These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
revocable trust financial
"nature_of_ownership": "By the Jorge Celaya Revocable Trust""
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vesting financial
"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."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
economic equivalent financial
"Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock."
financial milestones financial
"These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did LQDT CFO Jorge Celaya report in this Form 4 filing?
Jorge Celaya reported option exercises and related share sales. A revocable trust associated with him exercised stock options at $14.00 per share and sold the acquired common shares at $38.00 per share, while also detailing existing option and restricted stock unit grants.
What stock options did the LQDT trust exercise in this Form 4?
The trust exercised options for 1,945 and 464 shares. These options were exercised at an exercise price of $14.00 per share, as described in the Form 4 and related footnotes, before the resulting shares were sold in open-market transactions.
What ongoing equity awards does LQDT CFO Jorge Celaya have?
The filing lists several stock option and RSU grants. These include options with exercise prices between $9.46 and $23.52 per share and restricted stock units that vest over multiple years or upon achievement of specified financial milestones.
How were taxes and option costs handled in Celaya’s LQDT option exercises?
Shares were withheld to cover option costs and taxes. Footnotes explain that, for one exercise of 1,427 options, 963 shares were withheld, and for another exercise of 5,980 options, 4,035 shares were withheld by the issuer for these obligations.
AI-generated analysis. How Rhea-AI works. Not financial advice.
