Liquidity Services EVP logs small sale and option exercise
Liquidity Services Inc. executive John Daunt reported routine equity compensation activity and a very small share sale.
Rhea-AI Filing Summary
Liquidity Services Inc. executive John Daunt reported routine equity compensation activity and a very small share sale. The Daunt Family Trust sold 39.09 shares of common stock at $39.09 per share, leaving it with 38,086 shares immediately after that sale and 41,373 shares after a subsequent option exercise.
The trust then acquired 3,287 common shares through the exercise of stock options at an exercise price of $21.62 per share. Daunt also continues to hold multiple stock option and restricted stock unit grants, many of which vest or become exercisable over time based on Liquidity Services’ achievement of specified financial milestones.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
21 txns
Insider
Daunt John
Role
EVP, Chief Commercial Officer
Sold
39.09 shs ($2K)
Approx. gross sale proceeds
$2K
Approx. exercise cost
$71K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option Grant | 3,287 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,287 | $21.62 | $71K |
| Sale | Common Stock | 39.09 | $39.09 | $2K |
| 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 | -- | -- | -- |
Holdings After Transaction:
Stock Option Grant — 141,874 contracts for 126,461 underlying shares (Direct);
Common Stock — 38,086 shares (Indirect, By The Daunt Family Trust);
Restricted Stock Unit Grant — 97,829 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: 39.09 shares
Sale price: $39.09/share
Options exercised: 3,287 shares
+4 more
7 metrics
Shares sold
39.09 shares
Open-market sale at $39.09/share by Daunt Family Trust
Sale price
$39.09/share
Price for 39.09 Liquidity Services common shares sold
Options exercised
3,287 shares
Common shares acquired via stock option exercise
Option exercise price
$21.62/share
Exercise price for 3,287 stock options converted to shares
Indirect holdings after transactions
41,373 shares
Daunt Family Trust Liquidity Services common stock
Largest option grant
24,800 underlying shares
Stock option grant at $23.52, expiring 2035-10-29
Largest RSU grant
25,750 units
Restricted stock unit grant expiring 2030-01-01
Key Terms
Stock Option Grant, Restricted Stock Unit Grant, derivative exercise/conversion, Daunt Family Trust, +2 more
6 terms
Stock Option Grant financial
"security_title": "Stock Option Grant""
Restricted Stock Unit Grant financial
"security_title": "Restricted Stock Unit Grant""
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
Daunt Family Trust financial
"nature_of_ownership": "By The Daunt Family Trust""
financial milestones financial
"vest, if at all, based on the Issuer's achievement of certain financial milestones."
vesting financial
"12/48th of this option grant vested on January 1, 2023 and thereafter, an additional 1/48th will vest each month"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transactions did LQDT executive John Daunt report in this Form 4?
John Daunt reported a very small sale and an option exercise. The Daunt Family Trust sold 39.09 Liquidity Services shares at $39.09 each and acquired 3,287 shares by exercising stock options with a $21.62 exercise price.
What stock options did John Daunt exercise in the latest LQDT Form 4 filing?
The filing shows an exercise of 3,287 stock options into Liquidity Services common shares at an exercise price of $21.62 per share. These exercised options were previously granted and increased the Daunt Family Trust’s indirect common stock holdings.
Does John Daunt still hold Liquidity Services stock options after this Form 4?
Yes. The derivative holdings table lists multiple remaining stock option grants on Liquidity Services common stock, with exercise prices ranging from $6.11 to $23.52 and expirations between 2028 and 2035, all reported as directly owned by Daunt.
What restricted stock units (RSUs) are reported for LQDT executive John Daunt?
The Form 4 shows several restricted stock unit grants, each economically equivalent to one Liquidity Services common share. These RSUs vest in scheduled tranches between 2024 and 2030, with some vesting tied to the company achieving specified financial milestones.
Are John Daunt’s Liquidity Services equity awards subject to performance conditions?
Some awards are performance-based. Footnotes state that certain restricted stock units and stock options vest or become exercisable only if Liquidity Services meets specified financial milestones, while others follow time-based vesting schedules on set future dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
