Liquidity Services (NASDAQ: LQDT) legal chief nets shares as RSUs vest
Rhea-AI Filing Summary
For LIQUIDITY SERVICES INC (LQDT), Chief Legal Officer & Corp Sec Mark A. Shaffer reported on August 21, 2026 the vesting and conversion of restricted stock units into common stock and related tax withholding, plus updated option and RSU holdings. Two RSU tranches of 1,463 and 1,265 units converted, leading to net issuances of 771 and 667 common shares, respectively, to The Mark A. Shaffer Revocable Trust after the issuer withheld 692 and 598 shares to satisfy federal and state taxes. The filing also lists multiple outstanding stock option grants with exercise prices between $14.00 and $23.52 per share and RSU awards that vest over time or upon achievement of specified financial milestones.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,438 shares
Net Buy
18 txns
Insider
Shaffer Mark A
Role
Chief Legal Officer & Corp Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit Grant F1, F8 | 1,463 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit Grant F1, F8 | 1,265 | $0.00 | $0.00 |
| Exercise | Common Stock F12 | 771 | $0.00 | $0.00 |
| Exercise | Common Stock F13 | 667 | $0.00 | $0.00 |
| holding | Stock Option Grant F3 | -- | -- | -- |
| holding | Stock Option Grant F4 | -- | -- | -- |
| holding | Stock Option Grant F6 | -- | -- | -- |
| holding | Stock Option Grant F9 | -- | -- | -- |
| holding | Stock Option Grant F2 | -- | -- | -- |
| holding | Stock Option Grant F2 | -- | -- | -- |
| holding | Stock Option Grant F2 | -- | -- | -- |
| holding | Stock Option Grant F2 | -- | -- | -- |
| holding | Stock Option Grant F2 | -- | -- | -- |
| holding | Restricted Stock Unit Grant F1, F11 | -- | -- | -- |
| holding | Restricted Stock Unit Grant F1, F7 | -- | -- | -- |
| holding | Restricted Stock Unit Grant F1, F5 | -- | -- | -- |
| holding | Restricted Stock Unit Grant F1, F10 | -- | -- | -- |
| holding | Restricted Stock Unit Grant F1, F8 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit Grant — 55,062 shares (Direct);
Common Stock — 29,836 shares (Indirect, By The Mark A. Shaffer Revocable Trust);
Stock Option Grant — 57,827 shares (Direct)
Footnotes (13)
- F1. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
- F2. These options become exercisable, if at all, based on the Issuer's achievement of certain financial milestones.
- F3. 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.
- F4. 12/48th of this option grant will vest on January 1, 2025 and thereafter, an additional 1/48th will vest each month for thirty-six months.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. These restricted stock units vest, if at all, based on the Issuer's achievement of certain financial milestones.
- F9. 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.
- F10. 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.
- F11. 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.
- F12. Represents the net issuance of 771 shares from the vesting of 1,463 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 692 shares.
- F13. Represents the net issuance of 667 shares from the vesting of 1,265 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 598 shares.
Key Figures
RSUs vested tranche 1: 1,463 restricted stock units
RSUs vested tranche 2: 1,265 restricted stock units
Net common shares issued to trust (tranche 1): 771 shares
+4 more
7 metrics
RSUs vested tranche 1
1,463 restricted stock units
Vested and converted on 2026-08-21; economic equivalent of common stock
RSUs vested tranche 2
1,265 restricted stock units
Vested and converted on 2026-08-21; economic equivalent of common stock
Net common shares issued to trust (tranche 1)
771 shares
Net issuance after withholding 692 shares for taxes from 1,463 RSUs
Net common shares issued to trust (tranche 2)
667 shares
Net issuance after withholding 598 shares for taxes from 1,265 RSUs
Stock option exercise price
$14.00 per share
Stock Option Grant on common stock expiring 2032-12-23, 1,734 underlying shares
Highest stock option exercise price
$23.52 per share
Stock Option Grants on common stock expiring 2035-10-29, 13,750 underlying shares each of two positions
RSU holdings expiring 2030-01-01
14,250 restricted stock units
Restricted Stock Unit Grant on common stock, subject to time-based or performance-based vesting
Key Terms
restricted stock unit, Stock Option Grant, Revocable Trust, financial milestones, +1 more
5 terms
restricted stock unit financial
"Each restricted stock unit is the economic equivalent of one share of Liquidity"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Stock Option Grant financial
"Stock Option Grant on common stock with specified exercise prices and expirations"
Revocable Trust financial
"nature_of_ownership: By The Mark A. Shaffer Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
financial milestones financial
"These options become exercisable, if at all, based on the Issuer's achievement"
withholding financial
"federal and state withholding due at the vesting of such restricted stock units"
FAQ
What insider transactions did LQDT officer Mark A. Shaffer report on August 21, 2026?
Mark A. Shaffer reported the vesting and conversion of 1,463 and 1,265 restricted stock units into common stock, resulting in net issuances of 771 and 667 shares to his revocable trust after tax withholding, along with updated holdings of stock options and restricted stock units.
How many LQDT restricted stock units vested for Mark A. Shaffer in this Form 4?
Two tranches of restricted stock units vested: 1,463 units and 1,265 units. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. common stock, and the vesting generated common shares before tax withholding.
Were Mark A. Shaffer’s LQDT transactions under a Rule 10b5-1 trading plan?
The Rule 10b5-1 trading plan affirmation box is not checked (aff_10b5_one is false), and the footnotes do not reference a trading plan, so the reported vesting and related share issuances are not identified as being made under a Rule 10b5-1 plan.
What stock option grants for LQDT does Mark A. Shaffer report as outstanding?
He reports several stock option grants on LQDT common stock with exercise prices of $14.00, $17.31, $21.62, $22.20 and $23.52 per share, with expiration dates between December 7, 2031 and October 29, 2035, tied to specified numbers of underlying shares.
How do Mark A. Shaffer’s LQDT restricted stock units vest over time?
Some RSU grants vest in 25% annual installments on January 1 of specified years, such as 2024–2027, 2025–2028, 2026–2029, or 2027–2030. Other RSUs vest, if at all, based on Liquidity Services, Inc.’s achievement of certain financial milestones.
AI-generated analysis. How Rhea-AI works. Not financial advice.
