LQDT VP & General Counsel reports option exercise and share sale
Rhea-AI Filing Summary
Liquidity Services, Inc. (LQDT) reported insider activity by its VP, General Counsel & Secretary, Mark A. Shaffer, for transactions on 11/24/2025. Through The Mark A. Shaffer Revocable Trust, he exercised stock options to acquire 1,719 shares of common stock at $14.00 per share and sold 1,719 shares at $28.54 per share on the same date. The explanation notes he exercised 5,203 options in total, with 3,484 shares withheld by the issuer to cover option costs and taxes and the remaining 1,719 shares retained. Following these transactions, the trust indirectly held 51,074 shares of Liquidity Services common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option Grant | 1,452 | $0.00 | -- |
| Exercise | Stock Option Grant | 1,951 | $0.00 | -- |
| Exercise | Stock Option Grant | 5,203 | $0.00 | -- |
| Exercise | Common Stock | 1,719 | $14.00 | $24K |
| Sale | Common Stock | 1,719 | $28.54 | $49K |
| Exercise | Common Stock | 1,452 | $22.20 | $32K |
| Exercise | Common Stock | 1,951 | $14.00 | $27K |
| 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 | 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 | -- | -- | -- |
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. The reporting person exercised 5,203 stock options; 3,484 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 1,719 shares were acquired by the reporting person.
FAQ
What insider transaction did LQDT disclose for Mark A. Shaffer on 11/24/2025?
The filing shows that Mark A. Shaffer, VP, General Counsel & Secretary of Liquidity Services, Inc. (LQDT), exercised stock options and sold common shares on 11/24/2025 through The Mark A. Shaffer Revocable Trust.
How many stock options did Mark A. Shaffer exercise in this LQDT Form 4?
The explanation states that he exercised 5,203 stock options. Of these, 3,484 shares were withheld by the issuer to pay the cost of the options and taxes, and 1,719 shares were acquired by the reporting person.
What is Mark A. Shaffer’s indirect ownership in Liquidity Services after the reported transactions?
After the 11/24/2025 transactions, The Mark A. Shaffer Revocable Trust indirectly held 51,074 shares of Liquidity Services common stock.
What types of derivative awards are reported for Mark A. Shaffer in this LQDT filing?
The filing lists multiple restricted stock unit grants and stock option grants tied to Liquidity Services common stock, with various vesting schedules and expiration dates extending through 2035.
How do the restricted stock units for LQDT reported here work economically?
The explanation notes that each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. common stock, subject to the specified vesting conditions.