LQDT CEO exercises RSUs into common stock
Liquidity Services, Inc. Chairman and CEO William P. Angrick III reported the exercise and conversion of restricted stock units into common stock on February 13, 2026.
Rhea-AI Filing Summary
Liquidity Services, Inc. Chairman and CEO William P. Angrick III reported the exercise and conversion of restricted stock units into common stock on February 13, 2026. The transactions, coded “M,” occurred at an exercise price of $0 per share and resulted in additional common shares held indirectly through the William P. Angrick III Revocable Trust.
The filing also lists substantial indirect holdings in other family trusts and details multiple outstanding restricted stock unit and stock option grants. Many of these awards vest or become exercisable only if Liquidity Services achieves specified financial milestones over future years.
Positive
- None.
Negative
- None.
Insider Trade Summary
51,380 shares exercised/converted
Exercise
33 txns
Insider
Angrick William P III
Role
Chairman of the Board and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit Grant | 13,974 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit Grant | 18,491 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit Grant | 18,915 | $0.00 | $0.00 |
| Exercise | Common Stock | 13,974 | $0.00 | $0.00 |
| Exercise | Common Stock | 18,491 | $0.00 | $0.00 |
| Exercise | Common Stock | 18,915 | $0.00 | $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 | 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 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit Grant — 312,746 contracts for 256,284 underlying shares (Direct);
Common Stock — 5,266,333 shares (Indirect, By the William P. Angrick III Revocable Trust);
Stock Option Grant — 1,450,708 contracts (Direct);
Common Stock — 873,379 shares (Indirect, By the William P. Angrick III 2005 Irrevocable Trust);
Common Stock — 575,513 shares (Indirect, By the Stephanie S. Angrick 2005 Irrevocable Trust);
Common Stock — 114,699 shares (Indirect, By the Stephanie S. Angrick Revocable Trust)
Footnotes (20)
- F1. 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.
- 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. These options became fully exercisable on January 1, 2026.
- F5. These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
- F6. These options became fully exercisable on October 1, 2020.
- F7. These options became fully exercisable on October 1, 2021.
- F8. These options became fully exercisable on October 1, 2022.
- F9. 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.
- F10. These options became fully exercisable on January 1, 2024.
- F11. 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.
- F12. 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.
- F13. 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.
- F14. 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.
- 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. 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.
- F17. 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.
- F18. 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.
- F19. These options became fully exercisable on January 1, 2025.
- F20. The remaining 13,353 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 transactions did LQDT’s CEO report on February 13, 2026?
The CEO reported exercising restricted stock units into common stock on February 13, 2026. These “M” code transactions converted derivative awards at $0 per share and increased common stock held indirectly through the William P. Angrick III Revocable Trust.
Did the LQDT Form 4 show open-market buying or selling by William P. Angrick III?
No open-market buys or sells are shown. The reported transactions are coded “M,” indicating exercises or conversions of restricted stock units into common shares, rather than discretionary purchases or sales in the market by the reporting person.
What other indirect holdings in LQDT stock are disclosed for William P. Angrick III?
The filing discloses additional indirect holdings of 873,379 shares through the William P. Angrick III 2005 Irrevocable Trust, 575,513 shares through the Stephanie S. Angrick 2005 Irrevocable Trust, and 114,699 shares through the Stephanie S. Angrick Revocable Trust.
How do the reported restricted stock units for LQDT’s CEO vest over time?
Several restricted stock unit grants each equal one share of common stock and vest in tranches on specific future January 1 dates. Some grants vest 25% annually over four years, while others vest only if Liquidity Services meets defined financial performance milestones.
What does the Form 4 say about LQDT stock options held by the CEO?
The filing lists numerous stock option grants with exercise prices ranging from $4.92 to $25.87 per share. Many are already fully exercisable, while others vest over time based on schedules or performance, with expiration dates extending into the 2030s.
AI-generated analysis. How Rhea-AI works. Not financial advice.
