Liquidity Services (LQDT) CEO details RSU vesting, options and trust holdings
Rhea-AI Filing Summary
Liquidity Services, Inc. insider William P. Angrick III, the Chairman, CEO and a 10% owner, reported equity award activity and holdings. On 12/01/2025, trusts for his benefit acquired 6,832 and 12,327 shares of common stock at $0 per share, reflecting the vesting of restricted stock units coded as transaction type M. After these transactions, one trust holds 5,151,001 shares, with additional indirect holdings in several family trusts.
The filing also lists extensive derivative awards, including multiple restricted stock unit grants and stock options on common stock with exercise prices such as $4.92, $6.72, $9.13, $10.41, $15.40, $19.04, $23.78 and $25.87. These awards vest or become exercisable over time or upon the issuer’s achievement of specified financial milestones, with expiration dates extending through 2035.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit Grant | 6,832 | $0.00 | -- |
| Exercise | Restricted Stock Unit Grant | 12,327 | $0.00 | -- |
| Exercise | Common Stock | 6,832 | $0.00 | -- |
| Exercise | Common Stock | 12,327 | $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 | 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 | -- | -- | -- |
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. 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. 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, 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. 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. Represents the vesting of restricted stock units.
FAQ
What insider activity did Liquidity Services (LQDT) report in this Form 4?
The report shows that on 12/01/2025, trusts associated with Chairman and CEO William P. Angrick III acquired 6,832 and 12,327 shares of Liquidity Services, Inc. common stock at $0 per share due to vesting of restricted stock units coded as M.
What types of derivative securities does the Liquidity Services (LQDT) CEO hold?
The filing lists multiple restricted stock unit grants and stock options on common stock, with various tranches becoming exercisable or vesting between 2026 and 2035, some based on the issuer’s achievement of specified financial milestones.
What are some of the stock option exercise prices disclosed for Liquidity Services (LQDT) awards?
Disclosed option exercise prices on common stock include $4.92, $6.72, $7.36, $9.13, $10.41, $15.40, $19.04, $23.78 and $25.87, each tied to specific grants and expiration dates.
Are Liquidity Services (LQDT) equity awards for the CEO time-based, performance-based, or both?
The disclosures indicate both time-based and performance-based vesting. Several restricted stock unit and option grants vest in scheduled fractions on dates such as January 1 of various years, while others vest or become exercisable if the issuer achieves certain financial milestones.
How are family trusts involved in Liquidity Services (LQDT) insider holdings?
Some shares are held in trusts for the benefit of the reporting person or the reporting person’s spouse. The filing notes that the reporting person disclaims beneficial ownership of certain securities held in these spouse-related trusts.