Liquidity Services EVP-linked trust sells shares
Liquidity Services Inc. executive vice president and chief commercial officer John Daunt reported an open-market sale of 2,600 shares of common stock at $33.02 per share by The Daunt Family Trust, an indirect holding.
Rhea-AI Filing Summary
Liquidity Services Inc. executive vice president and chief commercial officer John Daunt reported an open-market sale of 2,600 shares of common stock at $33.02 per share by The Daunt Family Trust, an indirect holding. The trust held 42,852 shares of common stock after the transaction. Daunt also continues to hold various restricted stock units and stock options tied to Liquidity Services common stock that vest or become exercisable over time, some based on the company’s achievement of specified financial milestones.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,600 shares
Net Sell
20 txns
Insider
Daunt John
Role
EVP, Chief Commercial Officer
Sold
2,600 shs ($86K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,600 | $33.02 | $86K |
| 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 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 42,852 shares (Indirect, By The Daunt Family Trust);
Restricted Stock Unit Grant — 102,249 contracts (Direct);
Stock Option Grant — 155,734 contracts (Direct)
Footnotes (13)
- F1. 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.
- F2. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
- F3. These restricted stock units vest, if at all, based on the Issuer's achievement of certain financial milestones.
- F4. These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- F5. 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.
- F6. 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.
- F7. These options became fully exercisable on January 1, 2024.
- F8. 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.
- F9. 12/48th of this option grant vested on January 1, 2026, and, thereafter, an additional 1/48th will vest each month for thirty-six months.
- F10. 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.
- F11. 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.
- 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. 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.
Key Figures
Shares sold: 2,600 shares
Sale price: $33.02 per share
Indirect shares after sale: 42,852 shares
+4 more
7 metrics
Shares sold
2,600 shares
Common stock sold in open-market transaction
Sale price
$33.02 per share
Price for 2,600 common shares sold
Indirect shares after sale
42,852 shares
Common stock held by The Daunt Family Trust post-transaction
RSU grant block
25,750 shares
Underlying common shares for one RSU grant expiring 2030-01-01
Option strike price
$6.11 per share
Exercise price for 10,066-share stock option grant expiring 2028-12-04
High-strike option
$23.52 per share
Exercise price for 24,800-share stock option grant expiring 2035-10-29
Net buy/sell shares
-2,600 shares
Net effect of reported buy and sell activity
Key Terms
Restricted Stock Unit Grant, Stock Option Grant, Daunt Family Trust, economic equivalent, +2 more
6 terms
Restricted Stock Unit Grant financial
"security_title": "Restricted Stock Unit Grant""
Stock Option Grant financial
"security_title": "Stock Option Grant""
Daunt Family Trust financial
"nature_of_ownership": "By The Daunt Family Trust""
economic equivalent financial
"Each restricted stock unit is the economic equivalent of one share"
financial milestones financial
"based on the Issuer's achievement of certain financial milestones"
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Liquidity Services (LQDT) report for John Daunt?
Liquidity Services reported that a trust associated with executive John Daunt sold 2,600 shares of common stock. The open-market sale was executed at $33.02 per share, and the trust continued to hold 42,852 shares after the transaction.
What derivative awards linked to Liquidity Services (LQDT) does John Daunt hold?
John Daunt holds multiple restricted stock unit grants and stock option grants tied to Liquidity Services common stock. These awards cover various share amounts and vest or become exercisable over time, in some cases only if Liquidity Services meets specified financial milestones.
How do John Daunt’s restricted stock units in Liquidity Services (LQDT) vest?
Certain restricted stock units vest in equal annual installments on specified January 1 dates, such as in 2026, 2027, 2028, and 2029. Other units and options vest or become exercisable only if Liquidity Services achieves defined financial performance milestones.
AI-generated analysis. How Rhea-AI works. Not financial advice.
