Liquidity Services CEO exercises 12,468 RSUs
Rhea-AI Filing Summary
Liquidity Services, Inc. (LQDT) reported that Chairman and CEO William P. Angrick III exercised restricted stock unit awards on August 21, 2026, converting 6,163 and 6,305 units (each unit being the economic equivalent of one share of common stock) into an equal number of common shares at a stated price of $0.00 per share as equity compensation. The resulting 12,468 common shares are held indirectly by the William P. Angrick III Revocable Trust, as disclosed in the filing. The report also lists significant indirect holdings of LQDT common stock in trusts for the benefit of Mr. Angrick and his spouse, for which he disclaims beneficial ownership, and numerous outstanding restricted stock unit and stock option grants on LQDT common stock with exercise prices ranging from $4.92 to $25.87 and expirations between 2027 and 2035.
Positive
- None.
Negative
- None.
Insider Trade Summary
12,468 shares exercised/converted
Exercise
31 txns
Insider
Angrick William P III
Role
Chairman of the Board and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit Grant F2, F5 | 6,163 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit Grant F2, F5 | 6,305 | $0.00 | $0.00 |
| Exercise | Common Stock F14 | 6,163 | $0.00 | $0.00 |
| Exercise | Common Stock F14 | 6,305 | $0.00 | $0.00 |
| holding | Restricted Stock Unit Grant F2, F15 | -- | -- | -- |
| holding | Restricted Stock Unit Grant F2, F16 | -- | -- | -- |
| holding | Restricted Stock Unit Grant F2, F13 | -- | -- | -- |
| holding | Restricted Stock Unit Grant F2, F18 | -- | -- | -- |
| holding | Restricted Stock Unit Grant F2, F5 | -- | -- | -- |
| holding | Stock Option Grant F6 | -- | -- | -- |
| holding | Stock Option Grant F3 | -- | -- | -- |
| holding | Stock Option Grant F7 | -- | -- | -- |
| holding | Stock Option Grant F3 | -- | -- | -- |
| holding | Stock Option Grant F8 | -- | -- | -- |
| holding | Stock Option Grant F3 | -- | -- | -- |
| holding | Stock Option Grant F10 | -- | -- | -- |
| holding | Stock Option Grant F3 | -- | -- | -- |
| holding | Stock Option Grant F19 | -- | -- | -- |
| holding | Stock Option Grant F3 | -- | -- | -- |
| holding | Stock Option Grant F4 | -- | -- | -- |
| holding | Stock Option Grant F3 | -- | -- | -- |
| holding | Stock Option Grant F11 | -- | -- | -- |
| holding | Stock Option Grant F3 | -- | -- | -- |
| holding | Stock Option Grant F12 | -- | -- | -- |
| holding | Stock Option Grant F9 | -- | -- | -- |
| holding | Stock Option Grant F3 | -- | -- | -- |
| holding | Stock Option Grant F17 | -- | -- | -- |
| holding | Stock Option Grant F3 | -- | -- | -- |
| holding | Common Stock F14 | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit Grant — 287,668 contracts for 256,284 underlying shares (Direct);
Common Stock — 5,126,411 shares (Indirect, By the William P. Angrick III Revocable Trust);
Stock Option Grant — 1,450,708 contracts (Direct);
Common Stock — 873,379 shares (Indirect, By the William P. Angrick III 2005 Irrevocable Trust);
Common Stock — 575,513 shares (Indirect, By the Stephanie S. Angrick 2005 Irrevocable Trust);
Common Stock — 114,699 shares (Indirect, By the Stephanie S. Angrick Revocable Trust)
Footnotes (19)
- F1. 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.
- F2. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
- F3. These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- F4. These options became fully exercisable on January 1, 2026.
- F5. These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
- F6. These options became fully exercisable on October 1, 2020.
- F7. These options became fully exercisable on October 1, 2021.
- F8. These options became fully exercisable on October 1, 2022.
- F9. 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.
- F10. These options became fully exercisable on January 1, 2024.
- F11. 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.
- F12. 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.
- F13. 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.
- F14. 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.
- F15. 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.
- F16. 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.
- F17. 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.
- F18. 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.
- F19. These options became fully exercisable on January 1, 2025.
Key Figures
RSUs converted 2026-08-21 (first tranche): 6,163 units/shares
RSUs converted 2026-08-21 (second tranche): 6,305 units/shares
Total shares from RSU conversions: 12,468 shares
+5 more
8 metrics
RSUs converted 2026-08-21 (first tranche)
6,163 units/shares
Restricted stock units converted into common stock on August 21, 2026
RSUs converted 2026-08-21 (second tranche)
6,305 units/shares
Restricted stock units converted into common stock on August 21, 2026
Total shares from RSU conversions
12,468 shares
Aggregate common shares issued from RSU exercises on August 21, 2026
Indirect holding – Angrick 2005 Irrevocable Trust
873,379 shares
Common stock held indirectly by the William P. Angrick III 2005 Irrevocable Trust
Indirect holding – Stephanie S. Angrick 2005 Irrevocable Trust
575,513 shares
Common stock held indirectly by the Stephanie S. Angrick 2005 Irrevocable Trust
Indirect holding – Stephanie S. Angrick Revocable Trust
114,699 shares
Common stock held indirectly by the Stephanie S. Angrick Revocable Trust
Highest reported stock option exercise price
$25.87 per share
Stock Option Grant on common stock expiring October 29, 2035
Lowest reported stock option exercise price
$4.92 per share
Stock Option Grant on common stock expiring December 11, 2027
Key Terms
Restricted Stock Unit Grant, Stock Option Grant, economic equivalent, Section 16, +1 more
5 terms
Restricted Stock Unit Grant financial
"The security title for several entries is "Restricted Stock Unit Grant""
Stock Option Grant financial
"Multiple derivative holdings are labeled as "Stock Option Grant""
economic equivalent financial
"Each restricted stock unit is the economic equivalent of one share"
Section 16 regulatory
"Beneficial ownership is disclaimed for purposes of Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transactions did LQDT Chairman and CEO William P. Angrick III report on August 21, 2026?
He reported exercising restricted stock unit awards into 12,468 shares of Liquidity Services, Inc. common stock on August 21, 2026, through two conversions of 6,163 and 6,305 units, with the resulting shares held indirectly by a revocable trust associated with him.
Did the LQDT Form 4 show any market purchases or sales of common stock?
No. The Form 4 reports exercises of restricted stock units into common stock at a stated price of $0.00 per share as equity compensation, with no open-market purchase or sale transactions disclosed in this filing.
What outstanding stock options on LQDT common stock does William P. Angrick III report?
He reports multiple Stock Option Grants on LQDT common stock, including grants with exercise prices such as $4.92, $6.72, $10.41, $19.04, $23.78 and $25.87 per share, with expiration dates ranging from 2027 to 2035.
How are the restricted stock units in this LQDT Form 4 structured?
Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. common stock. Certain restricted stock unit and option grants vest or become exercisable based on the issuer’s achievement of specified financial milestones, according to the footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
