Liquidity Services insider granted options and RSUs on 10/29/2025
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Liquidity Services (LQDT) insider update: A Form 4 reports equity awards to officer Mark A. Shaffer (VP, General Counsel & Secretary) on 10/29/2025. The filing shows a stock option grant of 13,750 shares at $23.52 expiring on 10/29/2035, and two restricted stock unit (RSU) grants of 14,250 shares each. One RSU grant vests 25% on each of January 1, 2027–2030, while another RSU grant will vest, if at all, based on the issuer’s achievement of certain financial milestones.
Some options become exercisable, if at all, based on financial milestones; others follow time-based monthly vesting after initial tranches as described. Following the reported transactions, 47,671 shares of common stock were beneficially owned indirectly by The Mark A. Shaffer Revocable Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
21 transactions reported
Mixed
21 txns
Insider
Shaffer Mark A
Role
VP, Gen. Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option Grant | 13,750 | $0.00 | -- |
| Grant/Award | Stock Option Grant | 13,750 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit Grant | 14,250 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit Grant | 14,250 | $0.00 | -- |
| 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 | 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 | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option Grant — 13,750 shares (Direct);
Restricted Stock Unit Grant — 14,250 shares (Direct);
Common Stock — 47,671 shares (Indirect, By The Mark A. Shaffer Revocable Trust)
Footnotes (1)
- 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 options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones. 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 will vest 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. These restricted stock units vest, if at all, based on the Issuer's achievement of certain financial milestones. 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 restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
FAQ
What did LQDT report on Form 4 for Mark A. Shaffer?
Equity awards on 10/29/2025, including a 13,750-share stock option at $23.52 and two 14,250-share RSU grants.
What are the terms of the new LQDT stock option grant?
A 13,750-share option at $23.52 with expiration on 10/29/2035. Some options vest based on financial milestones; others vest over time.
How do the new LQDT RSUs vest?
One 14,250 RSU grant vests 25% on each of Jan 1, 2027–2030. Another 14,250 RSU grant will vest, if at all, based on financial milestones.
What is the insider’s beneficial ownership after the reported transactions?
Common stock 47,671 shares, held indirectly by The Mark A. Shaffer Revocable Trust.
What role does Mark A. Shaffer hold at LQDT?
He is VP, General Counsel & Secretary.
Are performance conditions mentioned for some LQDT awards?
Yes. Certain options and RSUs vest, if at all, upon the issuer’s achievement of specified financial milestones.