LQDT Form 4 reports acquisition/exercise transactions
Shaffer Mark A reported acquisition or exercise transactions in a Form 4 filing for LQDT.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Shaffer Mark A reported acquisition or exercise transactions in a Form 4 filing for LQDT. The filing lists transactions totaling 18,170 shares. Following the reported transactions, holdings were 2,926 shares.
Insider Trade Summary
10,832 shares exercised/converted
Exercise
6 txns
Insider
Shaffer Mark A
Role
VP, Gen. Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit Grant | 2,648 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit Grant | 4,389 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit Grant | 3,795 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,794 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,973 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,571 | $0.00 | $0.00 |
| 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 | Restricted Stock Unit Grant | -- | -- | -- |
| Holding | Restricted Stock Unit Grant | -- | -- | -- |
| Holding | Restricted Stock Unit Grant | -- | -- | -- |
| Holding | Restricted Stock Unit Grant | -- | -- | -- |
| Holding | Restricted Stock Unit Grant | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit Grant — 60,320 contracts for 48,539 underlying shares (Direct);
Common Stock — 68,666 shares (Indirect, By The Mark A. Shaffer Revocable Trust);
Stock Option Grant — 81,510 contracts (Direct)
Holdings Before and After:
Restricted Stock Unit Grant, 71,152 to 60,320 contracts (Direct);
Common Stock, 61,328 to 68,666 shares (Indirect, By The Mark A. Shaffer Revocable Trust)
Footnotes (16)
- F1. These options became fully vested on January 1, 2026.
- F2. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
- F3. These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. 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.
- F9. These restricted stock units vest, if at all, based on the Issuer's achievement of certain financial milestones.
- F10. 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.
- F11. 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.
- F12. Represents the net issuance of 1,794 shares from the vesting of 2,648 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 854 shares.
- F13. Represents the net issuance of 2,973 shares from the vesting of 4,389 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 1,416 shares.
- F14. Represents the net issuance of 2,571 shares from the vesting of 3,795 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 1,224 shares.
- F15. 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.
- F16. The remaining 2,532 RSUs did not vest by the last day of the performance period (January 1, 2026) and as such, were forfeited in accordance with the terms of the grant.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity transactions did LQDT report for Mark A. Shaffer?
Mark A. Shaffer reported RSU vesting and derivative conversions into Liquidity Services common stock. Several restricted stock unit grants converted at a $0 exercise price, with shares withheld for taxes and net shares credited primarily to The Mark A. Shaffer Revocable Trust.
Were any of Mark A. Shaffer’s LQDT restricted stock units forfeited?
Yes. The filing states that 2,532 restricted stock units did not vest by the end of the performance period on January 1, 2026 and were forfeited. These RSUs were tied to performance milestones and lapsed under the grant’s terms when those criteria were not met.
What stock option grants for LQDT does Mark A. Shaffer hold?
Shaffer holds multiple Liquidity Services stock option grants with exercise prices including $22.20, $14.00, $17.31, $21.62 and $23.52. These options cover various common share amounts and have expirations ranging from December 7, 2031 through October 29, 2035, with structured vesting schedules.
How do Mark A. Shaffer’s LQDT RSUs vest over time?
Shaffer’s RSUs vest under a mix of time-based and performance-based conditions. Several grants vest 25% annually on specified January 1 dates between 2024 and 2030, while others vest only if Liquidity Services meets defined financial milestones, as detailed in the explanatory footnotes.
How were taxes handled on Mark A. Shaffer’s LQDT RSU vesting?
For multiple RSU vestings, Liquidity Services satisfied federal and state withholding taxes by retaining a portion of the shares. For example, from 2,648 RSUs, 854 shares were withheld and 1,794 issued net to the trust, with similar withholding patterns on the other vested RSU blocks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
