Form 4: Celaya Jorge reports acquisition/exercise transactions in LQDT
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Celaya Jorge reported acquisition or exercise transactions in a Form 4 filing for LQDT. The filing lists transactions totaling 27,809 shares. Following the reported transactions, holdings were 5,355 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
18,419 shares exercised/converted
Mixed
24 txns
Insider
Celaya Jorge
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit Grant | 4,236 | $0.00 | -- |
| Exercise | Restricted Stock Unit Grant | 8,033 | $0.00 | -- |
| Exercise | Restricted Stock Unit Grant | 6,150 | $0.00 | -- |
| Exercise | Common Stock | 2,159 | $0.00 | -- |
| Exercise | Common Stock | 4,096 | $0.00 | -- |
| Exercise | Common Stock | 3,135 | $0.00 | -- |
| 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 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit Grant — 0 shares (Direct);
Common Stock — 49,765 shares (Indirect, By the Jorge Celaya Revocable Trust);
Stock Option Grant — 47,560 shares (Direct)
Footnotes (1)
- These options became fully exercisable on January 1, 2025. 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, 2026. 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. These restricted stock units will vest, if at all, based on the Issuer's achievement of certain financial milestones. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock. 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. 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, 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. 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 2,159 shares from the vesting of 4,236 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 2,077 shares. Represents the net issuance of 4,096 shares from the vesting of 8,033 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 3,937 shares. Represents the net issuance of 3,135 shares from the vesting of 6,150 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 3,015 shares. The remaining 4,048 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 LQDT EVP & CFO Jorge Celaya report?
Jorge Celaya reported the vesting and conversion of multiple restricted stock unit grants into Liquidity Services common stock on February 13, 2026. These were non-cash derivative exercises, with resulting shares held indirectly via his revocable trust and some RSUs forfeited under grant terms.
How were taxes handled on Jorge Celaya’s RSU vesting for LQDT?
Taxes were satisfied through share withholding by Liquidity Services. For example, from 4,236 vested RSUs, 2,077 shares were withheld; from 8,033 RSUs, 3,937 shares; and from 6,150 RSUs, 3,015 shares, leaving the reported net share issuances to Celaya’s trust.
What happened to performance-based RSUs in this LQDT insider report?
The filing states that 4,048 performance-based RSUs did not vest by the end of the performance period on January 1, 2026. In accordance with the grant terms, these unvested RSUs were forfeited, reducing Jorge Celaya’s remaining performance-related restricted stock unit awards.