Liquidity Services CHRO exercises options, sells shares
Liquidity Services Inc. Chief Human Resources Officer Murray Novelette exercised stock options and sold shares of common stock.
Rhea-AI Filing Summary
Liquidity Services Inc. Chief Human Resources Officer Murray Novelette exercised stock options and sold shares of common stock. On May 22, 2026, he exercised options covering 18,831 shares, with a portion of the resulting shares withheld by the company to cover option costs and taxes as described in the footnotes. He sold 6,176 shares in open-market transactions at $34.16 per share and held 35,769 common shares directly after the transactions. Novelette also continues to hold stock options and restricted stock units tied to Liquidity Services’ achievement of specified financial milestones, with expirations between 2027 and 2035, providing additional future equity exposure.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
27 txns
Insider
Murray Novelette
Role
Chief Human Resources Officer
Sold
6,176 shs ($211K)
Approx. gross sale proceeds
$211K
Approx. exercise cost
$328K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option Grant | 334 | $0.00 | $0.00 |
| Exercise | Stock Option Grant | 2,476 | $0.00 | $0.00 |
| Exercise | Stock Option Grant | 6,693 | $0.00 | $0.00 |
| Exercise | Stock Option Grant | 6,928 | $0.00 | $0.00 |
| Exercise | Stock Option Grant | 2,400 | $0.00 | $0.00 |
| Exercise | Common Stock | 580 | $22.20 | $13K |
| Sale | Common Stock | 580 | $34.16 | $20K |
| Exercise | Common Stock | 2,640 | $14.00 | $37K |
| Sale | Common Stock | 2,640 | $34.16 | $90K |
| Exercise | Common Stock | 2,285 | $17.31 | $40K |
| Sale | Common Stock | 2,285 | $34.16 | $78K |
| Exercise | Common Stock | 82 | $21.62 | $2K |
| Sale | Common Stock | 82 | $34.16 | $3K |
| Exercise | Common Stock | 589 | $21.62 | $13K |
| Sale | Common Stock | 589 | $34.16 | $20K |
| 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 | -- | -- | -- |
Holdings After Transaction:
Stock Option Grant — 48,227 contracts for 34,150 underlying shares (Direct);
Common Stock — 35,769 shares (Direct);
Restricted Stock Unit Grant — 43,061 contracts (Direct)
Footnotes (17)
- F1. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
- F2. These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones.
- F3. These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- F4. 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.
- 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. 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.
- 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. 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.
- F10. 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.
- F11. 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.
- 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. The reporting person exercised 2,476 stock options; 1,896 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 580 shares were acquired by the reporting person.
- F14. The reporting person exercised 6,693 stock options; 4,053 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 2,640 shares were acquired by the reporting person.
- F15. The reporting person exercised 6,928 stock options; 4,643 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 2,285 shares were acquired by the reporting person.
- F16. The reporting person exercised 334 stock options; 252 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 82 shares were acquired by the reporting person.
- F17. The reporting person exercised 2,400 stock options; 1,811 shares were withheld by the issuer to pay the cost of the options and taxes and the remaining 589 shares were acquired by the reporting person.
Key Figures
Shares sold: 6,176 shares
Sale price: $34.16/share
Options exercised: 18,831 shares
+5 more
8 metrics
Shares sold
6,176 shares
Common stock sold at $34.16 per share on May 22, 2026
Sale price
$34.16/share
Price for open-market common stock sales on May 22, 2026
Options exercised
18,831 shares
Total shares underlying options exercised in the reported transactions
Post-transaction holdings
35,769 shares
Direct common stock held after transactions
Option strike price
$21.62/share
One series of exercised stock options on common stock
Option strike price
$17.31/share
One series of exercised stock options on common stock
RSU grant size
10,550 units
Restricted stock unit grant economically equivalent to common shares
Option expiration range
2027–2035
Expiration dates for remaining options and RSUs
Key Terms
Restricted Stock Unit Grant, Stock Option Grant, open-market sale, economic equivalent, +1 more
5 terms
Restricted Stock Unit Grant financial
"security_title: "Restricted Stock Unit Grant" with underlying common stock"
Stock Option Grant financial
"security_title: "Stock Option Grant" with specified exercise prices and expirations"
open-market sale financial
"transaction_action: "open-market sale" for common stock transactions"
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.
economic equivalent financial
"Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock."
financial milestones financial
"will vest, if at all, based on the Issuer's achievement of certain financial milestones."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Liquidity Services (LQDT) report for Murray Novelette?
Murray Novelette exercised stock options covering 18,831 shares and sold 6,176 shares of Liquidity Services common stock. The sales occurred in open-market transactions at $34.16 per share, with part of the exercised shares withheld to cover option costs and taxes.
What stock options did Murray Novelette exercise in the Liquidity Services (LQDT) filing?
He exercised stock options covering a total of 18,831 shares of Liquidity Services common stock. The exercised options carried strike prices including $21.62, $17.31, $14.00 and $22.20 per share, according to the transaction and footnote details.
How were taxes and option costs handled in Murray Novelette’s Liquidity Services (LQDT) option exercises?
For each option exercise, the issuer withheld a portion of the resulting shares to pay option costs and taxes. The remaining shares from each exercise, such as 580, 2,640, 2,285 and 82 shares, were acquired by Murray Novelette, as detailed in the footnotes.
What unexercised equity awards does Murray Novelette still hold in Liquidity Services (LQDT)?
He retains stock options and restricted stock units linked to Liquidity Services common stock, with expirations between 2027 and 2035. These include option grants with exercise prices such as $23.50, $17.31, $14.00 and $22.20, plus several restricted stock unit awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
