Form 4: Daunt John reports acquisition/exercise transactions in LQDT
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Daunt John reported acquisition or exercise transactions in a Form 4 filing for LQDT. The filing lists transactions totaling 37,884 shares at a weighted average price of $30.57 per share. Following the reported transactions, holdings were 3,865 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
16,664 shares exercised/converted
Mixed
26 txns
Insider
Daunt John
Role
EVP, Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit Grant | 4,236 | $0.00 | -- |
| Exercise | Restricted Stock Unit Grant | 5,798 | $0.00 | -- |
| Exercise | Restricted Stock Unit Grant | 6,630 | $0.00 | -- |
| Exercise | Common Stock | 2,697 | $0.00 | -- |
| Other | Common Stock | 2,697 | $30.57 | $82K |
| Exercise | Common Stock | 3,692 | $0.00 | -- |
| Other | Common Stock | 3,692 | $30.57 | $113K |
| Exercise | Common Stock | 4,221 | $0.00 | -- |
| Other | Common Stock | 4,221 | $30.57 | $129K |
| 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:
Restricted Stock Unit Grant — 0 shares (Direct);
Common Stock — 50,749 shares (Indirect, By The Daunt Family Trust);
Stock Option Grant — 1,275 shares (Direct)
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 restricted stock units vest, if at all, based on the Issuer's achievement of certain financial milestones. 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 vested on January 1, 2025 and thereafter, an additional 1/48th will vest each month for thirty-six months. These options became fully exercisable on January 1, 2024. 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, 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. 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. 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. Represents the net issuance of 2,697 shares from the vesting of 4,236 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 1,539 shares. In accordance with the Issuer's policies, the reporting person elected the following release method with respect to the vesting of restricted stock units: shares are withheld to cover taxes and remaining shares are sold. The sale proceeds are used to cover fees and the balance is received by the reporting person in cash. This transaction reflects the sale of the 2,697 shares received by the reporting person in connection with the vesting of 4,236 restricted stock units. Represents the net issuance of 3,692 shares from the vesting of 5,798 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 2,106 shares. In accordance with the Issuer's policies, the reporting person elected the following release method with respect to the vesting of restricted stock units: shares are withheld to cover taxes and remaining shares are sold. The sale proceeds are used to cover fees and the balance is received by the reporting person in cash. This transaction reflects the sale of the 3,692 shares received by the reporting person in connection with the vesting of 5,798 restricted stock units. Represents the net issuance of 4,221 shares from the vesting of 6,630 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 2,409 shares. In accordance with the Issuer's policies, the reporting person elected the following release method with respect to the vesting of restricted stock units: shares are withheld to cover taxes and remaining shares are sold. The sale proceeds are used to cover fees and the balance is received by the reporting person in cash. This transaction reflects the sale of the 4,221 shares received by the reporting person in connection with the vesting of 6,630 restricted stock units. The remaining 4,048 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
What insider transactions did LQDT EVP John Daunt report on February 13, 2026?
John Daunt reported vesting of several restricted stock unit grants that converted into common shares and were partly withheld for taxes. Net shares of 2,697, 3,692 and 4,221 were issued to The Daunt Family Trust and then sold, with remaining indirect holdings reported.
What happened to John Daunt’s performance-based RSUs that did not vest at Liquidity Services (LQDT)?
The filing notes that 4,048 restricted stock units did not vest by January 1, 2026, the last day of the performance period. Because the performance conditions were not satisfied by that date, these RSUs were forfeited according to the original terms of the grant.
What equity awards does John Daunt still hold at Liquidity Services (LQDT)?
John Daunt continues to hold several restricted stock unit grants and stock option awards. These include RSUs scheduled to vest between 2027 and 2030 and options with expiration dates extending through 2035, many tied to time-based schedules or specified financial performance milestones.
How are John Daunt’s RSU vestings and sales structured under Liquidity Services (LQDT) policies?
When RSUs vest, shares are first withheld to cover federal and state taxes. The remaining shares are then sold, with sale proceeds used to cover any fees and the net cash delivered to the reporting person. The February 13, 2026 events follow this standard release method.