Liquidity Services (LQDT) HR chief sells vested RSU stock
Rhea-AI Filing Summary
For LIQUIDITY SERVICES INC (LQDT), Chief Human Resources Officer Murray Novelette reported RSU vesting and related share sales on 2026-08-21. A total of 1,071 and 950 restricted stock units vested; the issuer withheld 523 and 464 shares to cover taxes, with net issuances of 548 and 486 shares that were then sold at $43.12 per share under company policies. The filing also lists ongoing holdings of restricted stock units and stock options on LQDT common stock with exercise prices between $14.00 and $23.50 and expirations from 2031 to 2035.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,021 shares exercised/converted
Exercise
19 txns
Insider
Murray Novelette
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit Grant F1, F3 | 1,071 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit Grant F1, F3 | 950 | $0.00 | $0.00 |
| Exercise | Common Stock F13 | 548 | $0.00 | $0.00 |
| Other | Common Stock F14 | 548 | $43.12 | $24K |
| Exercise | Common Stock F15 | 486 | $0.00 | $0.00 |
| Other | Common Stock F16 | 486 | $43.12 | $21K |
| holding | Restricted Stock Unit Grant F1, F9 | -- | -- | -- |
| holding | Restricted Stock Unit Grant F1, F10 | -- | -- | -- |
| holding | Restricted Stock Unit Grant F1, F8 | -- | -- | -- |
| holding | Restricted Stock Unit Grant F1, F12 | -- | -- | -- |
| holding | Restricted Stock Unit Grant F1, F2 | -- | -- | -- |
| holding | Stock Option Grant F4 | -- | -- | -- |
| holding | Stock Option Grant F5 | -- | -- | -- |
| holding | Stock Option Grant F6 | -- | -- | -- |
| holding | Stock Option Grant F11 | -- | -- | -- |
| holding | Stock Option Grant F3 | -- | -- | -- |
| holding | Stock Option Grant F7 | -- | -- | -- |
| holding | Stock Option Grant F3 | -- | -- | -- |
| holding | Stock Option Grant F3 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit Grant — 41,040 shares (Direct);
Common Stock — 35,769 shares (Direct);
Stock Option Grant — 48,227 shares (Direct)
Footnotes (16)
- 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. Represents the net issuance of 548 shares from the vesting of 1,071 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 523 shares.
- F14. In accordance with the Issuer's policies, the reporting person elected the following release method with respect to the vesting of restricted stock units: shares are withheld to cover taxes and remaining shares are sold. The sale proceeds are used to cover fees and the balance is received by the reporting person in cash. This transaction reflects the sale of the 548 shares received by the reporting person in connection with the vesting of 1,071 restricted stock units.
- F15. Represents the net issuance of 486 shares from the vesting of 950 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 464 shares.
- F16. In accordance with the Issuer's policies, the reporting person elected the following release method with respect to the vesting of restricted stock units: shares are withheld to cover taxes and remaining shares are sold. The sale proceeds are used to cover fees and the balance is received by the reporting person in cash. This transaction reflects the sale of the 486 shares received by the reporting person in connection with the vesting of 950 restricted stock units.
Key Figures
RSUs vested: 1,071 restricted stock units
RSUs vested: 950 restricted stock units
Shares withheld for taxes: 523 shares
+5 more
8 metrics
RSUs vested
1,071 restricted stock units
RSUs vesting for Murray Novelette on 2026-08-21
RSUs vested
950 restricted stock units
Second RSU tranche vesting on 2026-08-21
Shares withheld for taxes
523 shares
Withheld from 1,071-unit RSU vesting to cover taxes (F13)
Shares withheld for taxes
464 shares
Withheld from 950-unit RSU vesting to cover taxes (F15)
Net shares issued then sold
548 shares
Net issuance from 1,071 RSUs, then sold at $43.12 (F13–F14)
Net shares issued then sold
486 shares
Net issuance from 950 RSUs, then sold at $43.12 (F15–F16)
Sale price
$43.1200 per share
Price for sales of 548 and 486 LQDT shares on 2026-08-21
Option exercise price
$14.0000 per share
Exercise price of a Stock Option Grant on LQDT common stock
Key Terms
restricted stock unit, vesting, Stock Option Grant, exercise price, +1 more
5 terms
restricted stock unit financial
"Each restricted stock unit is the economic equivalent of one share"
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.
vesting financial
"These restricted stock units will vest, if at all, based on the"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Stock Option Grant financial
"Stock Option Grant underlying Liquidity Services, Inc. Common Stock"
exercise price financial
"These options become exercisable, if at all, based on the Issuer's"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
withholding financial
"federal and state withholding due at the vesting of such restricted"
FAQ
What equity transactions did LQDT officer Murray Novelette report on this Form 4?
Murray Novelette reported RSU vesting and related share sales on 2026-08-21. Two RSU tranches (1,071 and 950 units) vested, shares were withheld for taxes, and the net shares issued (548 and 486) were sold at $43.12 per share under company policies.
What ongoing stock option positions in LQDT does Murray Novelette report in this filing?
The filing lists multiple Stock Option Grants on LQDT common stock, including options with exercise prices of $22.20, $14.00, $17.31, $21.62 and $23.50, with underlying share amounts such as 3,269, 4,333 and 10,150, expiring between 2031 and 2035.
How are Murray Novelette’s LQDT RSUs and options scheduled to vest?
Footnotes state RSU grants vest 25% annually on specified January 1 dates between 2024 and 2030, while option grants vest 12/48ths on a given January 1 year and then 1/48th monthly for thirty-six months, subject in some cases to financial milestone achievement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
