Family trust for Liquidity Services (LQDT) EVP sells 2,600 shares
Rhea-AI Filing Summary
Liquidity Services Inc executive John Daunt, EVP and Chief Commercial Officer, reported an open-market sale of 2,600 shares of common stock at $37.00 per share through The Daunt Family Trust, which now holds 37,652 shares indirectly. The filing also details multiple stock option grants and restricted stock unit grants on Liquidity Services common stock, with exercise prices ranging from $6.11 to $23.52 and RSUs valued at $0.00 exercise price. Footnotes explain that these equity awards vest over time or become exercisable based on the issuer’s achievement of specified financial milestones, with vesting and exercisability dates extending from 2024 through 2030 and option expirations reaching into 2035.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,600 shares
Net Sell
20 txns
Insider
Daunt John
Role
EVP, Chief Commercial Officer
Sold
2,600 shs ($96K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,600 | $37.00 | $96K |
| 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 | -- | -- | -- |
| holding | Stock Option Grant | -- | -- | -- |
Holdings After Transaction:
Common Stock — 37,652 shares (Indirect, By The Daunt Family Trust);
Restricted Stock Unit Grant — 102,249 shares (Direct);
Stock Option Grant — 155,734 shares (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: 2,600 shares
Sale price: $37.00 per share
Indirect holdings after sale: 37,652 shares
+3 more
6 metrics
Shares sold
2,600 shares
Open-market sale of common stock
Sale price
$37.00 per share
Price for 2,600-share sale
Indirect holdings after sale
37,652 shares
Common stock held by The Daunt Family Trust
Option grant 1 exercise price
$23.52
Stock Option Grant on 24,800 underlying shares, expires 2035-10-29
Option grant 2 exercise price
$6.11
Stock Option Grant on 10,066 underlying shares, expires 2028-12-04
Largest RSU block
25,750 units
Restricted Stock Unit Grant expiring 2030-01-01
Key Terms
Stock Option Grant, Restricted Stock Unit Grant, open-market sale, The 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""
open-market sale financial
""transaction_action": "open-market sale""
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.
The Daunt Family Trust financial
""nature_of_ownership": "By The Daunt Family Trust""
financial milestones financial
"based on the Issuer's achievement of certain financial milestones."
vests financial
"Twenty-five percent of this restricted stock unit grant vests on each of January 1"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Liquidity Services (LQDT) report for John Daunt?
Liquidity Services reported that John Daunt’s family trust sold 2,600 shares of common stock. The Form 4 shows an open-market transaction at $37.00 per share, reflecting a routine disposition while the trust continues to hold a larger remaining position.
What stock option positions for Liquidity Services (LQDT) does John Daunt hold?
John Daunt holds several stock option grants on Liquidity Services common stock, with exercise prices such as $23.52, $21.62, $17.31, $14.00, $22.20 and $6.11. These options cover underlying share amounts including 24,800, 18,700 and 16,640 shares, expiring between 2028 and 2035.
What restricted stock units (RSUs) are reported for Liquidity Services (LQDT) in this filing?
The filing lists multiple restricted stock unit grants, each economically equivalent to one Liquidity Services share. Underlying share amounts include 25,750, 15,470, 9,662, 5,177 and 3,865, with vesting dates scheduled annually from 2024 through 2030 and some tied to achieving specific financial milestones.
Do John Daunt’s Liquidity Services (LQDT) equity awards depend on performance milestones?
Yes. Footnotes state that certain options and restricted stock units vest or become exercisable only if Liquidity Services achieves specified financial milestones. Other grants follow time-based vesting schedules with portions vesting on January 1 of various years between 2024 and 2030.