Liquidity Services VP sells 45,246 shares via trust
Liquidity Services Inc. executive Mark A. Shaffer, VP, General Counsel & Secretary, reported an open-market sale of Common Stock held indirectly through The Mark A. Shaffer Revocable Trust.
Rhea-AI Filing Summary
Liquidity Services Inc. executive Mark A. Shaffer, VP, General Counsel & Secretary, reported an open-market sale of Common Stock held indirectly through The Mark A. Shaffer Revocable Trust. The trust sold 45,246 shares at $34.00 per share on May 22, 2026, leaving 28,398 shares held indirectly after the transaction.
Shaffer also continues to hold a range of equity awards, including restricted stock units and stock options on Common Stock. These awards cover various underlying share amounts, carry exercise prices such as $23.52 and $21.62 per share, and vest over time or upon Liquidity Services Inc. achieving specified financial milestones, as described in the footnotes.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 45,246 shares
Net Sell
17 txns
Insider
Shaffer Mark A
Role
VP, Gen. Counsel & Secretary
Sold
45,246 shs ($1.54M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 45,246 | $34.00 | $1.54M |
| 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 | 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 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 28,398 shares (Indirect, By The Mark A. Shaffer Revocable Trust);
Stock Option Grant — 57,827 contracts (Direct);
Restricted Stock Unit Grant — 57,790 contracts (Direct)
Footnotes (11)
- F1. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
- F2. These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. These restricted stock units vest, if at all, based on the Issuer's achievement of certain financial milestones.
- F9. 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.
- F10. 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.
- F11. 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.
Key Figures
Shares sold: 45,246 shares
Sale price: $34.00 per share
Shares held after sale: 28,398 shares
+3 more
6 metrics
Shares sold
45,246 shares
Open-market sale on May 22, 2026
Sale price
$34.00 per share
Common Stock sold by revocable trust
Shares held after sale
28,398 shares
Indirectly owned via The Mark A. Shaffer Revocable Trust
RSU grant size
14,250 underlying shares
Restricted Stock Unit Grant expiring January 1, 2030
Stock option grant
13,750 underlying shares at $23.52
Option on Common Stock expiring October 29, 2035
Additional option grant
7,490 underlying shares at $21.62
Option on Common Stock expiring October 30, 2034
Key Terms
Restricted Stock Unit Grant, Stock Option Grant, open-market sale, revocable trust, +1 more
5 terms
Restricted Stock Unit Grant financial
"Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock."
Stock Option Grant financial
"These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones."
open-market sale financial
"Sale in open market or private transaction"
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.
revocable trust financial
"By The Mark A. Shaffer Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
financial milestones financial
"These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did LQDT disclose for Mark A. Shaffer?
Liquidity Services Inc. disclosed that Mark A. Shaffer’s revocable trust sold 45,246 shares of Common Stock in an open-market transaction at $34.00 per share. After this sale, the trust continued to hold 28,398 shares indirectly for his benefit.
Does Mark A. Shaffer hold any Liquidity Services RSUs according to this filing?
Yes. The filing shows multiple restricted stock unit grants economically equivalent to Liquidity Services Common Stock, including awards with 14,250, 9,487 and 7,315 underlying shares. Footnotes explain these RSUs vest over several years or based on the issuer’s achievement of specified financial milestones.
How are Mark A. Shaffer’s Liquidity Services RSUs and options structured to vest?
Footnotes state that some restricted stock units vest in 25% annual installments each January 1 over four years. Certain options vest 12/48 on a specified January 1, with the remaining 36/48 vesting monthly over three years or based on Liquidity Services achieving defined financial milestones.
AI-generated analysis. How Rhea-AI works. Not financial advice.
