Liquidity Services (LQDT) CEO Reports Major Trust Share Holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Liquidity Services, Inc. (LQDT) reported insider activity by Chairman and CEO William P. Angrick III, who is also a director and 10% owner. On 11/19/2025, trusts associated with him exercised stock options for 11,258 shares of common stock at $10.41 per share and 56,193 shares at $7.29 per share. After these transactions, the William P. Angrick III Revocable Trust held 5,131,842 shares of common stock, with additional holdings of 873,379 shares in the William P. Angrick III 2005 Irrevocable Trust, 575,513 shares in the Stephanie S. Angrick 2005 Irrevocable Trust, and 114,699 shares in the Stephanie S. Angrick Revocable Trust. The filing also lists multiple outstanding restricted stock units and stock options that vest over time or based on specified financial milestones, each linked to Liquidity Services common stock on a one-for-one basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
67,451 shares exercised/converted
Mixed
35 txns
Insider
Angrick William P III
Role
Chairman of the Board and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option Grant | 56,193 | $0.00 | -- |
| Exercise | Stock Option Grant | 11,258 | $0.00 | -- |
| Exercise | Common Stock | 11,258 | $10.41 | $117K |
| Exercise | Common Stock | 56,193 | $7.29 | $410K |
| 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 | 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 | -- | -- | -- |
| 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 | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option Grant — 0 shares (Direct);
Common Stock — 5,075,649 shares (Indirect, By the William P. Angrick III Revocable Trust);
Restricted Stock Unit Grant — 15,700 shares (Direct)
Footnotes (1)
- These shares are held in a trust for the benefit of the reporting person's spouse, who is also trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock. 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, 2023 and thereafter, an additional 1/48th will vest each month for thirty-six months. These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones. These options became fully exercisable on October 1, 2020. These options became fully exercisable on October 1, 2021. These options became fully exercisable on October 1, 2022. 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. These options became fully exercisable on January 1, 2024. 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. 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. These shares are held in a trust for the benefit of the reporting person. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose. Twenty-five percent of this restricted stock unit grant vests on each of January 1, 2023, January 1, 2024, January 1, 2025 and January 1, 2026. 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. Represents the exercise of stock options. These options became fully exercisable on October 1, 2019. These options became fully exercisable on January 1, 2025.
