Liquidity Services (NASDAQ: LQDT) CTO exercises options, sells 4,967 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Liquidity Services Inc. SVP & Chief Technology Officer Steven Weiskircher reported a set of option exercises and related share movements in company stock. He exercised stock options covering 18,626 shares of Common Stock at exercise prices ranging from $14.00 to $22.20 per share.
Of the shares underlying these exercises, 4,967 shares were sold in open‑market transactions at prices up to $32.64, while additional shares were withheld or surrendered to the issuer to cover option costs and taxes, as described in the footnotes. Following these transactions, Weiskircher directly holds 66,483 shares of Common Stock and retains multiple unexercised stock option and restricted stock unit grants that vest over time or upon achievement of specified financial milestones.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,967 shares ($159,284)
Net Sell
28 txns
Insider
Weiskircher Steven
Role
SVP & Chief Technology Officer
Sold
4,967 shs ($159K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option Grant | 5,010 | $0.00 | -- |
| Exercise | Stock Option Grant | 516 | $0.00 | -- |
| Exercise | Stock Option Grant | 2,998 | $0.00 | -- |
| Exercise | Stock Option Grant | 5,231 | $0.00 | -- |
| Exercise | Stock Option Grant | 4,871 | $0.00 | -- |
| Exercise | Common Stock | 753 | $14.00 | $11K |
| Sale | Common Stock | 753 | $31.90 | $24K |
| Exercise | Common Stock | 1,168 | $17.31 | $20K |
| Sale | Common Stock | 1,168 | $31.90 | $37K |
| Exercise | Common Stock | 944 | $21.62 | $20K |
| Sale | Common Stock | 944 | $31.90 | $30K |
| Exercise | Common Stock | 971 | $21.62 | $21K |
| Sale | Common Stock | 971 | $31.90 | $31K |
| Exercise | Common Stock | 516 | $22.20 | $11K |
| Exercise | Common Stock | 701 | $14.00 | $10K |
| Exercise | Common Stock | 902 | $17.31 | $16K |
| Sale | Common Stock | 1,131 | $32.64 | $37K |
| 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:
Stock Option Grant — 11,690 shares (Direct);
Common Stock — 66,248 shares (Direct);
Restricted Stock Unit Grant — 3,570 shares (Direct)
Footnotes (1)
- These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones. These options became fully exercisable on January 1, 2026. 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. 12/48th of these options 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. 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. 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 2,297 stock options; 1,554 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 753 shares were acquired by the reporting person. The reporting person exercised 4,329 stock options; 3,161 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 1,168 shares were acquired by the reporting person. The reporting person exercised 4,871 stock options; 3,927 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 944 shares were acquired by the reporting person. The reporting person exercised 5,010 stock options; 4,039 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 971 shares were acquired by the reporting person. The reporting person surrendered 1,131 shares with a market value of $36,915.84 to the issuer to pay the cost and related taxes associated with the exercise of certain stock options described above (i.e., the 516 options with an exercise price of $22.20, the 701 options with an exercise price of $14.00, and the 902 options with an exercise price of $17.31).
FAQ
What did Liquidity Services (LQDT) CTO Steven Weiskircher report in this Form 4?
Steven Weiskircher reported exercising stock options and related share sales. He exercised options for 18,626 shares of Liquidity Services Common Stock and sold 4,967 shares in open‑market transactions, while using additional shares to cover option costs and associated taxes.
What unexercised equity awards does the Liquidity Services (LQDT) CTO still have?
The filing lists remaining stock options and restricted stock units. Examples include options over 7,428 shares at an exercise price of $22.20 and multiple restricted stock unit grants, each economically equivalent to one share of Liquidity Services Common Stock, with various future vesting dates.
Do any Liquidity Services (LQDT) equity awards for the CTO vest based on performance?
Yes. Footnotes explain that certain stock options and restricted stock units vest, if at all, based on Liquidity Services achieving specified financial milestones. Other grants vest over time in scheduled installments across several years, starting on stated January 1 vesting dates.