Form 4: Weiskircher Steven reports acquisition/exercise transactions in LQDT
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Weiskircher Steven reported acquisition or exercise transactions in a Form 4 filing for LQDT. The filing lists transactions totaling 21,983 shares. Following the reported transactions, holdings were 3,570 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
14,124 shares exercised/converted
Mixed
22 txns
Insider
Weiskircher Steven
Role
SVP & Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit Grant | 2,859 | $0.00 | -- |
| Exercise | Restricted Stock Unit Grant | 5,355 | $0.00 | -- |
| Exercise | Restricted Stock Unit Grant | 5,910 | $0.00 | -- |
| Exercise | Common Stock | 1,591 | $0.00 | -- |
| Exercise | Common Stock | 2,980 | $0.00 | -- |
| Exercise | Common Stock | 3,288 | $0.00 | -- |
| 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 | 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:
Restricted Stock Unit Grant — 0 shares (Direct);
Common Stock — 59,227 shares (Direct);
Stock Option Grant — 7,428 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, 2025. 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. Represents the net issuance of 1,591 shares from the vesting of 2,859 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 1,268 shares. Represents the net issuance of 2,980 shares from the vesting of 5,355 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 2,375 shares. Represents the net issuance of 3,288 shares from the vesting of 5,910 restricted stock units from which the federal and state withholding due at the vesting of such restricted stock units was satisfied by the issuer withholding 2,622 shares. The remaining 2,733 RSUs did not vest by the last day of the performance period (January 1, 2026) and as such, were forfeited in accordance with the terms of the grant.
FAQ
What insider transaction did Liquidity Services (LQDT) report for Steven Weiskircher?
Liquidity Services reported that SVP & Chief Technology Officer Steven Weiskircher had several restricted stock unit awards vest and convert into common stock. The Form 4 details multiple RSU conversions on February 13, 2026 and the resulting common shares he directly owns after required tax withholdings.
What happened to Steven Weiskircher’s restricted stock units in the latest Liquidity Services (LQDT) filing?
Several restricted stock unit grants vested and converted into Liquidity Services common stock, providing net share issuances to Steven Weiskircher. Footnotes also explain that 2,733 RSUs failed to meet performance conditions by January 1, 2026 and were forfeited according to the original grant terms.
What types of equity awards does Steven Weiskircher hold at Liquidity Services (LQDT)?
The filing shows Steven Weiskircher holding stock options and restricted stock unit grants tied to Liquidity Services common stock. Many of these options and RSUs vest over time or based on the company’s achievement of specific financial milestones, with various future vesting and expiration dates disclosed.
Were any performance-based Liquidity Services (LQDT) RSUs forfeited in this Form 4?
Yes. The footnotes state that 2,733 restricted stock units did not vest by the last day of the performance period, January 1, 2026. Because the applicable performance conditions were not met, these RSUs were forfeited under the terms governing the original equity grant.